Zernick Thomas Gerard 4/A

What Happened

• Thomas Gerard Zernick, CEO and director of BayFirst Financial Corp. (BAFN), was reported as acquiring 101.248 shares on 2024-12-31 through an award/ESOP allocation at a reported value of $13.30 per share (total ~$1,347). This was an award/acquisition (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2024-12-31; Form 4 amended and filed 2026-03-09.
• Shares/price: 101.248 shares at $13.30 per share; total value reported ~$1,347.
• Shares owned after transaction: not reported in the provided filing.
• Footnote: shares are held by the BayFirst National Bank Employee Stock Ownership Plan (ESOP) and allocated to Zernick’s account. Vesting is based on Years of Vesting Service (generally a year with ≥1,000 hours worked); shares fully vest at Normal Retirement Age (65).
• Filing status: this is an amended Form 4; the amendment date is 2026-03-09 for a transaction that occurred 2024-12-31.

Context

• This is a compensation-related award from the company’s ESOP, not a market purchase or sale. Such awards are routine executive compensation and are subject to vesting rules, meaning the shares may not be immediately marketable. The reported dollar value is small (~$1.3K) relative to typical insider trades and does not, by itself, indicate a trading signal.