Form 4: BayFirst Financial Corp. Director Harris Acquires Shares, Then Disposes of Some for Tax Obligations

Director Alexander Octavius Harris of BayFirst Financial Corp. reports acquiring shares and then disposing of some to cover tax obligations related to restricted stock awards.

Summary

• On January 23, 2025, Alexander Octavius Harris, a director of BayFirst Financial Corp. (BAFN), engaged in a transaction involving the company's common stock.
• Harris disposed of 204 shares at a price of $15.29 per share to satisfy tax withholding obligations related to the net settlement of restricted stock awards (RSAs).
• Following the transaction, Harris beneficially owns 5,426.0937 shares of BayFirst Financial Corp.
• The transaction was reported on February 20, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. It doesn't indicate any significant positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock awards.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Alexander Octavius Harris, BayFirst Financial Corp., BAFN, Stock Transaction, Restricted Stock Awards, Tax Withholding