Bank First (BFC) CEO receives 4,470-share award with tax withholding

Rhea-AI Filing Summary

Bank First Corp Chairman and CEO Michael B. Molepske reported a stock-based compensation event involving company common stock. He received a grant of 4,470 shares at an indicated value of $135.23 per share. On the same date, 2,277 shares were disposed of to cover tax obligations, a non-market transaction typically handled by the issuer.

After these entries, Molepske directly owns 55,121 common shares. He also reports indirect holdings of 47,449 shares held through a trust and 1,082 shares held by his spouse, reflecting additional beneficial ownership outside his direct account. The filing shows no open-market purchases or sales.

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

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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^*

Molepske Michael B.

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

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		4,470	A	$135.23	57,398	D
Common Stock	03/06/2026		F		2,277	D	$135.23	55,121	D
Common Stock								47,449	I	Trust
Common Stock								1,082	I	By Spouse

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:

	/s/ Kelly Dvorak, attorney-in-fact	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 Corp (BFC) report for Michael B. Molepske?

Bank First Corp reported that Chairman and CEO Michael B. Molepske received a grant of 4,470 common shares. The transaction is classified as a compensation-related award rather than an open-market purchase, reflecting equity-based pay aligned with the company’s stock performance.

How many Bank First Corp (BFC) shares were withheld for taxes in this Form 4?

The Form 4 shows 2,277 common shares were disposed of to satisfy tax obligations. This is coded as a tax-withholding transaction, meaning shares were used to pay taxes on the award, not sold in the open market to third-party investors.

What are Michael B. Molepske’s direct Bank First Corp (BFC) holdings after the transactions?

Following the reported award and tax withholding, Michael B. Molepske directly holds 55,121 shares of Bank First Corp common stock. This figure represents his post-transaction direct ownership and provides context on his ongoing equity exposure as Chairman and CEO.

What indirect Bank First Corp (BFC) holdings are reported for Michael B. Molepske?

The filing lists 47,449 common shares held indirectly through a trust and 1,082 shares held by his spouse. These entries indicate additional beneficial ownership beyond his direct holdings, reflecting family and trust-related positions associated with Molepske.

Does this Bank First Corp (BFC) Form 4 show any open-market stock sales or purchases?

The Form 4 does not report any open-market purchases or sales. It records a stock grant of 4,470 shares and a tax-withholding disposition of 2,277 shares, both non-market events typically tied to equity compensation, rather than discretionary trading in the public market.

What transaction codes are used in Michael B. Molepske’s Bank First Corp (BFC) Form 4?

The filing uses code A for a grant or award acquisition of 4,470 shares and code F for 2,277 shares used to pay tax liabilities. These codes indicate compensation and tax withholding mechanics, rather than traditional buy or sell transactions on the open market.