Zernick Thomas Gerard 4

What Happened

• Zernick Thomas Gerard, CEO and director of BayFirst Financial Corp. (BAFN), acquired 249.128 shares on 2026-02-05 at $6.02 per share for a total of $1,500. This purchase was made through the issuer’s Non‑Qualified Stock Purchase Plan (footnote F1).
• On 2026-02-03, 890 shares were reported as disposed at $6.65 per share (value shown $5,919). Per the filing (footnote F2), those shares were withheld by the company to satisfy tax withholding for the net settlement of restricted stock awards and do not represent an open‑market sale by the reporting person.

Key Details

• Transaction dates & prices: 2026-02-05 — acquired 249.128 sh @ $6.02 (= $1,500); 2026-02-03 — 890 sh withheld @ $6.65 (= $5,919).
• Transaction codes: J = other acquisition/disposition (purchase under plan); F = tax withholding/payment of exercise price or tax liability.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 confirms purchase via the issuer’s Non‑Qualified Stock Purchase Plan; F2 clarifies the 890‑share entry is a company withholding for taxes (not a sale).
• Filing: Report filed 2026-02-06; the filing itself does not indicate a tardiness flag.

Context

• The 890‑share entry is a tax withholding related to restricted stock award settlement (a routine administrative action), not an intentional sell‑off by the insider.
• The 249‑share purchase is modest (about $1.5k) via an employee purchase plan — purchases can be more informative than routine withholdings, but this is a small, routine plan buy rather than a large, market‑moving insider accumulation.