Form 4: BayFirst Financial Corp. Executive McKim Reports Tax Withholding Transaction

Scott Joseph McKim, EVP and Chief Financial Officer of BayFirst Financial Corp., reports a transaction involving the withholding of shares to cover tax obligations related to restricted stock awards.

Summary

• Scott Joseph McKim, an executive at BayFirst Financial Corp., filed a Form 4 detailing changes in beneficial ownership.
• The reported transaction on January 23, 2025, involved the withholding of 75 common stock shares at a price of $15.29 per share to cover tax obligations related to the net settlement of restricted stock awards (RSAs).
• Following the transaction, McKim directly owns 3,167.6158 shares of BayFirst Financial Corp.
• The filing indicates that the withholding of shares does not represent a sale by McKim.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment. The filing is a standard regulatory requirement, indicating transparency.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, BayFirst Financial Corp., BAFN, Scott Joseph McKim, Tax Withholding, Restricted Stock Awards, EVP, Chief Financial Officer