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Bank First (BFC) legal chief awarded 1,029 shares; 397 withheld

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bank First Corp Chief Legal Counsel Kelly M. Dvorak received a grant of 1,029 shares of common stock on March 6, 2026 at a reported price of $135.23 per share. To cover tax obligations, 397 shares were withheld, leaving Dvorak with 9,261 shares held directly, including shares in the Bank First Retirement Plan.

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dvorak Kelly M

(Last) (First) (Middle)
402 NORTH 8TH STREET

(Street)
MANITOWOC WI 54220

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Bank First Corp [ BFC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Counsel
3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/06/2026 A 1,029 A $135.23 9,658(1) D
Common Stock 03/06/2026 F 397 D $135.23 9,261 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes shares held in the Bank First Retirement Plan.
/s/ Kelly Dvorak 03/10/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Bank First (BFC) report for Kelly M. Dvorak?

Bank First reported that Chief Legal Counsel Kelly M. Dvorak received a grant of 1,029 shares of common stock on March 6, 2026. This was a stock award, not an open-market purchase, with shares later withheld to satisfy tax obligations.

How many Bank First (BFC) shares were granted and withheld in this Form 4?

Kelly M. Dvorak was granted 1,029 shares of Bank First common stock at a reported price of $135.23 per share. Of those, 397 shares were disposed of through withholding to cover exercise price or tax liabilities, as shown by the F transaction code.

What does the F code mean in the Bank First (BFC) Form 4 filing?

The F code in this Form 4 indicates a disposition of 397 shares to pay an exercise price or tax liability by delivering securities. It reflects tax withholding rather than an open-market sale, so it does not represent discretionary selling by the insider.

How many Bank First (BFC) shares does Kelly M. Dvorak hold after the transactions?

After the tax withholding disposition, Kelly M. Dvorak directly owns 9,261 shares of Bank First common stock. This total includes shares held in the Bank First Retirement Plan, as noted in the filing’s footnote disclosure.

Was this Bank First (BFC) insider transaction a market buy or sell?

The filing shows a stock grant and related tax withholding, not an open-market buy or sell. Shares were acquired as a grant (code A), and a portion was withheld (code F) to cover obligations, making this a compensation-related, routine transaction.

What role does Kelly M. Dvorak hold at Bank First (BFC) in this Form 4?

Kelly M. Dvorak is identified as an officer of Bank First, serving as Chief Legal Counsel. The reported Form 4 transactions relate to her compensation in the form of company common stock, including associated tax withholding.
Bank First Corp

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