Form 4: BayFirst Financial Corp. Director Saravanos Reports Tax Withholding Transaction
SEC Form 4 Filing
Director Anthony Saravanos reports a transaction involving the withholding of shares by BayFirst Financial Corp. to cover tax obligations related to restricted stock awards.
Summary
- On January 23, 2025, BayFirst Financial Corp. withheld 275 shares from Director Anthony Saravanos to satisfy tax obligations related to the net settlement of restricted stock awards (RSAs).
- The price per share for the transaction was $15.29.
- Following the transaction, Saravanos beneficially owns 55,730.6865 shares of BayFirst Financial Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding tax withholding, indicating a neutral sentiment.
Industry Context
This is a standard Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. The withholding of shares for tax obligations is a routine event.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of a company director.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of the transaction where shares were withheld for tax obligations. |
| 02/20/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Saravanos, BayFirst Financial Corp., BAFN, Director, Tax Withholding, Restricted Stock Awards, Shares
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