Saravanos Anthony 4

What Happened
Anthony Saravanos, a director of BayFirst Financial Corp. (BAFN), had 138 shares withheld on 2026-05-15 to satisfy tax withholding in connection with the net settlement of restricted stock awards. The shares were valued at $6.49 each for a reported total of $896. This was a tax-withholding disposition (code F), not an open-market sale by the reporting person.

Key Details

• Transaction date and price: 2026-05-15; 138 shares at $6.49 each (reported total $896).
• Transaction type: F — shares withheld to satisfy tax withholding on RSAs (net settlement).
• Filing date: Form 4 filed 2026-05-18 (no late filing indicated).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 clarifies the shares were withheld by the issuer to satisfy tax obligations and "does not represent a sale by the Reporting Person."

Context
Tax-withholding through share withholding is a routine administrative action when restricted stock vests and does not reflect a discretionary sale by the insider. For retail investors, these transactions are generally neutral — they reduce the insider's reported share count for tax purposes but are not usually interpreted as a buy/sell signal.