Form 4: BayFirst CFO McKim Adjusts Stock Holdings

BayFirst Financial Corp.'s EVP and CFO, Scott Joseph McKim, reported an acquisition of common stock through a purchase plan and dispositions for tax withholding purposes.

Summary

• Scott Joseph McKim, Executive Vice President and Chief Financial Officer of BayFirst Financial Corp. (BAFN), reported changes in his beneficial ownership of common stock.
• On February 5, 2026, McKim acquired 49.8256 shares of common stock at a price of $6.021 per share through the Issuer's Non-Qualified Stock Purchase Plan.
• On February 3, 2026, 89 shares of common stock were disposed of at $6.65 per share to satisfy tax withholding obligations related to restricted stock awards.
• On January 23, 2026, 75 shares of common stock were disposed of at $6.7 per share, also for tax withholding purposes related to restricted stock awards.
• Following these transactions, McKim directly owns 3,306.2837 shares of common stock and indirectly owns 79.8819 shares through an ESOP.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as slightly positive due to the executive's participation in a stock purchase plan, which indicates continued alignment with shareholder interests, while the dispositions are routine tax-related events.

Positives

• The acquisition of 49.8256 shares through a Non-Qualified Stock Purchase Plan indicates continued participation by a key executive in the company's equity.

Negatives

• The dispositions of 89 and 75 shares were for tax withholding purposes, which are routine and not indicative of a sale by the reporting person.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4 provide transparency into executive stock ownership changes, which can sometimes signal management's confidence or lack thereof in the company's future prospects. These specific transactions are routine in nature, involving a stock purchase plan and tax-related dispositions, and do not suggest a significant shift in strategy or outlook.

Key Dates

Recommendation

The reported transactions are routine in nature, consisting of a small stock purchase through an employee plan and dispositions for tax withholding. These events do not provide new material information that would warrant a change in investment recommendation for BayFirst Financial Corp. A 'hold' recommendation is appropriate as these transactions do not significantly alter the company's fundamental outlook or the executive's overall stake in a way that would prompt a 'buy' or 'sell' decision.

Keywords

BAFN, BayFirst Financial Corp, Scott Joseph McKim, CFO, Insider Transaction, Form 4, Stock Purchase Plan, Tax Withholding, Executive Compensation