McKim Scott Joseph 4

What Happened

• McKim Scott Joseph, Chief Financial Officer of BayFirst Financial Corp. (BAFN), made a small purchase of 49.826 shares on Feb 5, 2026 at $6.02 per share (cost ≈ $300). Separately, on Jan 23 and Feb 3, 2026 a total of 164 shares (75 and 89 shares) were disposed of to satisfy tax-withholding obligations related to restricted stock, at $6.70 and $6.65 respectively (total proceeds ≈ $1,095). The purchase is a direct buy under a company plan; the dispositions are withholding and are not open-market sales by the insider.

Key Details

• Transactions and prices:
  • 2026-02-05: Acquired 49.826 shares @ $6.02 = $300 (code J)
  • 2026-02-03: 89 shares withheld/disposed @ $6.65 = $592 (code F)
  • 2026-01-23: 75 shares withheld/disposed @ $6.70 = $503 (code F)
• Shares owned after the transactions: not specified in the provided data.
• Footnotes:
  • F1: Purchase was made within the issuer's Non‑Qualified Stock Purchase Plan (NQSP).
  • F2: The 75- and 89-share transactions represent shares withheld by the issuer to satisfy tax withholding for net-settled restricted stock awards (RSAs) and do not represent open‑market sales by the reporting person.
• Filing date: Form filed Feb 6, 2026 covering transactions from Jan 23–Feb 5, 2026. Timeliness of the filing (whether late) is not specified in the provided data.

Context

• The buy (under the company purchase plan) is a routine, small employee-plan purchase and is generally more informative than the withholding events. The withheld shares were used to cover tax obligations on RSAs and should not be read as a voluntary sale of shares into the market.