Form 4: BayFirst Financial Corp. CEO Thomas Zernick Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Thomas Zernick of BayFirst Financial Corp. reports a transaction involving the withholding of shares to cover tax obligations related to restricted stock awards.
Summary
- On October 8, 2024, BayFirst Financial Corp. CEO Thomas Gerard Zernick reported a change in beneficial ownership of the company's common stock.
- The transaction involved the withholding of 1,073 shares by the issuer to satisfy tax obligations related to the net settlement of restricted stock awards (RSAs).
- The price per share for the transaction was $13.12.
- Following the transaction, Zernick's direct ownership of BayFirst Financial Corp. common stock is 15,802.3917 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to tax obligations.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations from stock awards.
Key Dates
| Date | Description |
|---|---|
| 10/08/2024 | Date of transaction involving the withholding of shares for tax obligations. |
| 10/10/2024 | Date of signature by Attorney-in-fact. |
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