Berset Derek Steven 4

What Happened

• Derek Steven Berset, a director of BayFirst Financial Corp. (BAFN), had 99 shares withheld on 2026-05-15 to satisfy tax withholding related to the net settlement of restricted stock awards. The withholding price was $6.49 per share for a total of approximately $643. This is a routine tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-05-15; price: $6.49 per share; shares withheld/disposed: 99; total value: ~$643.
• Filing date (Form 4): 2026-05-18; reporting period shown as 2026-05-15.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: The 99 shares were withheld by the issuer to satisfy tax withholding on net-settled restricted stock awards and "does not represent a sale by the Reporting Person" (footnote F1).
• No indication of a 10b5-1 plan or other trading plan in the filing.

Context

• This transaction reflects tax withholding on restricted stock awards (net settlement), a routine administrative action and not a discretionary sell order by the insider. Such withholdings are common when equity awards vest and do not necessarily signal insider sentiment about the company's outlook.