Form 4: BayFirst Financial Corp. Director's Stock Transactions

BayFirst Financial Corp. director Mark S. Berset reports transactions involving the withholding of shares for tax obligations related to restricted stock awards.

Summary

• Mark S. Berset, a Director at BayFirst Financial Corp. (BAFN), has reported a transaction on May 15, 2026.
• This transaction involved the withholding of 99 shares of common stock by the Issuer to satisfy tax withholding and remittance obligations.
• This action is in connection with the net settlement of restricted stock awards (RSAs) and does not represent a sale by the Reporting Person.
• Following this transaction, Berset directly beneficially owns 214,810.792 shares of common stock.
• Additionally, Berset has indirect beneficial ownership of other shares through various trusts: 16,217.1733 shares through the Mark S. Berset 2012 Irrevocable Trust, 6,596.1997 shares through the Linda C. Berset Family Trust, and 48,697.368 shares through the Linda Berset Irrevocable Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it reports a standard tax-related share withholding transaction rather than a discretionary sale or purchase of stock.

Positives

• The transaction clarifies that shares were withheld for tax purposes, not a sale, indicating continued beneficial ownership by the director.
• The director maintains significant direct and indirect beneficial ownership of BayFirst Financial Corp. common stock.

Negatives

• The filing does not detail the value of the shares withheld for tax purposes, only the number of shares.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This filing specifically addresses routine tax-related share withholding, which is common with equity compensation plans.

Stakeholder Impact

• Shareholders: Increased transparency regarding director's holdings and the nature of equity award settlements.
• Management: Standard reporting requirement for equity compensation plans.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Insider Trading, Restricted Stock Awards, Tax Withholding, BayFirst Financial Corp., BAFN, Director Transactions