Zipperian Barbara J 4

What Happened
Barbara Zipperian, a director of BayFirst Financial Corp. (BAFN), had 99 shares withheld on 2026-05-15 to satisfy tax withholding obligations related to restricted stock. The withholding covered 99 shares at $6.49 per share, a total withholding value of $643. This was a tax-withholding/net settlement (code F), not an open-market sale by the insider.

Key Details

• Transaction date: 2026-05-15; Filing date: 2026-05-18 (filed timely).
• Security: Common stock; Amount withheld: 99 shares at $6.49 each; total value $643.
• Transaction code: F — shares withheld to satisfy tax withholding on a net settlement of restricted stock awards (per footnote F1). This does not represent a sale by the reporting person.
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.

Context
Tax-withholding net settlements are routine when restricted stock vests; shares are retained by the issuer to cover taxes and remitted on the insider’s behalf. Such withholdings are administrative and generally do not indicate a change in the insider’s view of the company.