4//SEC Filing
Deloach Dennis Reppard III 4
Accession 0001649739-23-000276
CIK 0001649739other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 3:11 PM ET
Size
6.1 KB
Accession
0001649739-23-000276
Insider Transaction Report
Form 4
Deloach Dennis Reppard III
Director
Transactions
- Purchase
Series C Cumulative Convertible Preferred Stock
2023-09-30$1000.00/sh+500$500,000→ 500 totalFrom: 2023-09-30Exp: 2033-09-30→ Common Stock
Footnotes (1)
- [F1]Mr. DeLoach acquired 500 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have the right to convert such shares into shares of common stock at a conversion ratio equal to the quotient of: (i) the $1,000 liquidation preference; divided by (ii) the tangible book value per share of common stock, calculated on the basis of BayFirst Financial Corp. financial statements, as of the last day of the calendar quarter occurring prior to the date on which a holder exercises the conversion right; provided, however, that tangible book value shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.
Documents
Issuer
BayFirst Financial Corp.
CIK 0001649739
Entity typeother
Related Parties
1- filerCIK 0001886792
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 3:11 PM ET
- Size
- 6.1 KB