SEC Form 4 · accession 0001886792-26-000003
BayFirst Financial Corp. · BAFN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis Reppard Deloach III
Director
Period of report
Aug 13, 2026
Accepted (ET)
Sep 1, 2026 · 4:41 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001649739
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF1 | — | Aug 13, 2026 | J | 50 | D | Nov 15, 2021 | Sep 30, 2030 | Common Stock | — | 0 | D |
Explanation of responses
- F1The holders of shares of Series B Convertible Preferred Stock had the right to convert such shares into shares of common stock at a conversion ratio equal to the quotient of: (i) the $1,000 liquidation preference; divided by (ii) the tangible book value per share of common stock, calculated on the basis of BayFirst Financial Corp.'s financial statements, as of the last day of the calendar quarter occurring prior to the date on which a holder exercises the conversion right; provided, however, that tangible book value would be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.