Tudor Rhonda S 4/A

What Happened

• Rhonda S. Tudor, Senior Vice President and Chief Accounting Officer of BayFirst Financial Corp. (BAFN), was allocated 63.757 shares as an award/acquisition under the BayFirst National Bank Employee Stock Ownership Plan (ESOP) on 2024-12-31. The reported price per share was $13.30, giving the allocation a nominal value of $848. This is an ESOP allocation (award), not an open-market purchase or sale.

Key Details

• Transaction date: 2024-12-31 (reported on an amended Form 4 filed 2026-03-09).
• Shares allocated: 63.757 at $13.30 per share; total value reported ≈ $848.
• Shares owned after the transaction: not stated in the provided filing details.
• Footnote: F1 — these shares are held by the BayFirst National Bank ESOP and allocated to the reporting person’s account; vesting is based on Year of Vesting Service (generally ≥1,000 hours worked in a year). Shares become fully vested at Normal Retirement Age (65).
• Filing status: This is an amended Form 4 submitted more than a year after the transaction date, which may reflect a correction or delayed reporting.

Context

• ESOP allocations are a common form of employee compensation and do not necessarily indicate immediate trading intent or a personal cash investment by the insider. Because the shares vest based on service and only fully vest at retirement age, these shares may not be immediately transferable or sellable. The monetary value of this award is small ($848), so it’s a routine compensation event rather than a market-moving insider purchase.