Berset Mark S 4

What Happened

• Mark S. Berset, a director of BayFirst Financial Corp. (BAFN), had 99 shares withheld on May 15, 2026 at $6.49 per share (total value ~$643) to satisfy tax withholding related to the net settlement of restricted stock awards (RSAs). The Form 4 filed 2026-05-18 reports the withholding and indicates this withholding was performed by the issuer and is not a sale by the reporting person.

Key Details

• Transaction date and price: 2026-05-15, 99 shares at $6.49 each (total ~$643).
• Transaction code: F — tax withholding to satisfy tax liability on RSAs.
• Filing date: Form 4 filed 2026-05-18.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The shares were withheld by the issuer to satisfy its tax withholding/remittance obligations and do not represent an open-market sale by the insider.

Context

• This was a routine tax-withholding/net-settlement of restricted stock, not an open-market sale or purchase. Such withholdings are common when RSAs vest and generally do not signal the insider’s view on the company’s stock.