Form 4: BayFirst Financial Corp. Director Berset Reports Tax Withholding Transaction
SEC Form 4 Filing
Director Derek Steven Berset of BayFirst Financial Corp. reports a transaction involving the withholding of shares to cover tax obligations related to restricted stock awards.
Summary
- On January 23, 2025, Director Derek Steven Berset had 204 shares of BayFirst Financial Corp. common stock withheld by the issuer to cover tax obligations.
- The withholding occurred at a price of $15.29 per share.
- Following the transaction, Berset directly owns 67,739.7204 shares of BayFirst Financial Corp.
- The transaction was related to the net settlement of restricted stock awards (RSAs) and does not represent a sale by Berset.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (tax withholding) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure required by regulations.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of transaction: Shares withheld for tax obligations. |
| 02/20/2025 | Date of signature by Attorney-in-fact. |
Keywords
Form 4, Beneficial Ownership, Director, BAFN, BayFirst Financial Corp., Tax Withholding, Restricted Stock Awards, Berset Derek Steven
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