Form 4: BayFirst Financial Corp. Officer Reports Tax Withholding Transactions
SEC Form 4 Filing
Rhonda S. Tudor, SVP, Chief Accounting Officer of BayFirst Financial Corp., reports the withholding of shares by the issuer to cover tax obligations related to restricted stock awards.
Summary
- Rhonda S. Tudor, a Senior Vice President and Chief Accounting Officer at BayFirst Financial Corp. (BAFN), filed a Form 4.
- The form details transactions where shares were withheld by BayFirst Financial Corp. to satisfy tax obligations related to the net settlement of restricted stock awards.
- On January 26, 2025, 48 shares of common stock were withheld at a price of $15.05 per share.
- On February 27, 2025, 12 shares of common stock were withheld at a price of $15.74 per share.
- Following these transactions, Tudor directly owns 1,663.2884 shares of BayFirst Financial Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing tax withholding, which has a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to tax obligations on existing equity compensation.
Key Dates
| Date | Description |
|---|---|
| 01/26/2025 | 48 shares of common stock were withheld at $15.05 per share for tax obligations. |
| 02/20/2025 | Date of signature by Attorney-in-fact. |
| 02/27/2025 | 12 shares of common stock were withheld at $15.74 per share for tax obligations. |
Keywords
Form 4, insider trading, BAFN, BayFirst Financial Corp., Rhonda S. Tudor, tax withholding, restricted stock awards, SVP, Chief Accounting Officer
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