George Apostolou - 12 Dec 2022 Form 4 Insider Report for BayFirst Financial Corp. (BAFN)

Role
Director
Signature
/s/ Barbara Felts, Attorney-in-fact
Issuer symbol
BAFN
Transactions as of
12 Dec 2022
Net transactions value
$0
Form type
4
Filing time
19 Dec 2022, 13:57:42 UTC
Previous filing
28 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BAFN Common Stock 87,169 12 Dec 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BAFN Option (Right to Buy) Expiration of short derivative position $0 -2,500 -67% $0.000000 1,250 12 Dec 2022 Common Stock 2,500 $14.67 Direct F2, F4, F5
transaction BAFN Option (Right to Buy) Expiration of short derivative position $0 -1,300 -33% $0.000000 2,600 12 Dec 2022 Common Stock 1,300 $15.67 Direct F2, F4, F6
holding BAFN Option (Right to Buy) 5,400 12 Dec 2022 Common Stock 5,400 $17.33 Direct F1, F2
holding BAFN Option (Right to Buy) 3,900 12 Dec 2022 Common Stock 3,900 $14.67 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

George Apostolou is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These options vested in three equal annual installments beginning one year after the 6/12/2018 date of grant.
F2 Options are exercisable for 12 months after resignation date of December 12, 2022.
F3 These options vested in three equal annual installments beginning one year after the 3/15/2019 date of grant.
F4 Non-vested options were forfeited with resignation from Board of Directors. Vested options may be exercised for 12 months from resignation date.
F5 These options vested in three equal annual installments beginning one year after the 1/14/2021 date of grant.
F6 These options vested in three equal annual installments beginning one year after the 1/15/2020 date of grant.