Deloach Dennis Reppard III 4

What Happened Deloach Dennis Reppard III, a director of BayFirst Financial Corp. (BAFN), had 99 shares withheld by the issuer on May 15, 2026 to satisfy tax withholding obligations related to the net settlement of restricted stock awards (RSAs). The withholding was reported at $6.49 per share, for a total value of approximately $643. This was an administrative tax-withholding action (transaction code F), not an open-market sale by the director.

Key Details

• Transaction date and price: May 15, 2026 — 99 shares at $6.49 per share (total ~$643).
• Transaction type: Code F — shares withheld by issuer to satisfy tax withholding on RSAs.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: May 18, 2026 — filed within the SEC’s two-business-day Form 4 window (timely).
• Footnote: The withheld shares "do not represent a sale by the Reporting Person" (issuer withheld to meet tax remittance).

Context Tax withholding on vested restricted stock is a routine administrative event and does not necessarily indicate insider selling or a change in sentiment. Because the issuer withheld shares to cover tax obligations (a net settlement), the reporting person did not execute an open-market sale.