Sprang Todd A. 4

What Happened Todd A. Sprang, a director of Bank First Corp (BFC), reported an open-market purchase of 150 shares on 2026-01-27 at $141.06 per share, for a total value of $21,159. This was a purchase (code P), which insiders buying shares can be interpreted as a routine bullish action but should not be taken as a guarantee of future performance.

Key Details

• Transaction date: 2026-01-27; filing date: 2026-01-30 (Form 4 accession 0001104659-26-008769).
• Transaction type/code: Open-market/private purchase (P).
• Price and amount: 150 shares at $141.06 per share; total ≈ $21,159.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: Notes inclusion of shares from dividend reinvestment plans (typically refers to how beneficial ownership totals are calculated).
• Timeliness: Filing covers the 2026-01-27 transaction and was submitted on 2026-01-30; no late-filing flag noted in the provided data.

Context

• This was a straightforward purchase of common stock, not an option exercise, gift, or award. Purchases by directors can be a useful data point for retail investors tracking insider conviction, but they are one of many factors to consider.
• The size of this trade (~$21k) is modest; small purchases are common and may reflect routine portfolio activity or participation in dividend reinvestment programs.