Oliver Robin Leigh 4
Research Summary
AI-generated summary
BayFirst (BAFN) President Robin Leigh Buys 45 Shares
What Happened
- Oliver Robin Leigh (President, COO, Director) made two small equity transactions reported on Form 4. On May 7, 2026, Leigh acquired 45.367 shares at $6.61 each for a total of $300 through the issuer’s Non‑Qualified Stock Purchase Plan (NQSPP). On Feb 19, 2026, Leigh disposed of 0.167 shares at $6.64 for $1; that disposal reflects fractional shares sold as part of the termination/distribution of the BayFirst National Bank ESOP.
Key Details
- Transactions and prices:
- 2026-05-07: Acquired 45.367 shares @ $6.61 — $300 total (footnote: NQSPP purchase).
- 2026-02-19: Disposed 0.167 shares @ $6.64 — $1 total (footnote: fractional ESOP distribution/sale).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 = purchase through the company’s Non‑Qualified Stock Purchase Plan; F2 = ESOP-held shares were distributed and fractional shares were sold on termination.
- Filing timeliness: Form 4 was filed 2026-05-11 covering transactions on Feb 19 and May 7; this is later than the typical two-business-day filing window and therefore appears late.
Context
- The May purchase was through an employee purchase plan (a routine method for insiders to acquire shares) and is small in dollar terms (~$300), so it’s more a routine employee purchase than a material insider bet. The Feb sale was a fractional share disposal related to ESOP distribution and not necessarily a market-driven sale.