BAFN

SEC source: 0001649739-24-000029 · wk-form4_1706217629.xml · nonDerivative · entry 1

Berset Mark S · CIK 0001439853 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 210,837.0369

F1 · kind: Restricted stock award granted which will vest on the first anniversary of the grant date, subject to continued service through the applicable vesting date.

SEC source: 0001649739-24-000028 · wk-form4_1706217618.xml · nonDerivative · entry 1

Zipperian Barbara J · CIK 0001632068 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,020.6546

F1 · kind: Restricted stock award granted which will vest on the first anniversary of the grant date, subject to continued service through the applicable vesting date.

SEC source: 0001649739-24-000025 · wk-form4_1706217573.xml · nonDerivative · entry 1

Spoor Bradly William · CIK 0001885329 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,795

F1 · kind: Restricted stock award granted which will vest on the first anniversary of the grant date, subject to continued service through the applicable vesting date.

SEC source: 0001649739-24-000024 · wk-form4_1706217561.xml · nonDerivative · entry 1

LEO ANTHONY N · CIK 0001224266 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,167.5066

F1 · kind: Restricted stock award granted which will vest on the first anniversary of the grant date, subject to continued service through the applicable vesting date.

SEC source: 0001649739-24-000088 · wk-form4_1710272848.xml · nonDerivative · entry 1

Oliver Robin Leigh · CIK 0001886484 · President, COO

10b5-1 filing: No plan indicated

Ownership: Indirect · By ESOP

Disclosed balance after: 982.9163

F1 · balance_after: Shares held by the BayFirst Natioanl Bank Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account. The shares vest based on your Year of Vesting Service (generally a year in which the Reporting Person works at least 1,000 hours). The shares will become fully vested upon your attainment of Normal Retirement Age of 65.

SEC source: 0001649739-24-000087 · wk-form4_1710272836.xml · nonDerivative · entry 1

Zernick Thomas Gerard · CIK 0001885587 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Indirect · By ESOP

Disclosed balance after: 1,569.9761

F1 · balance_after: Shares held by the BayFirst National Bank Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account. The shares vest based on your Year of Vesting Service (generally a year in which the Reporting Person works at least 1,000 hours). The shares will become fully vested upon your attainment of Normal Retirement Age of 65.

SEC source: 0001649739-24-000090 · wk-form4_1710272896.xml · nonDerivative · entry 1

LEO ANTHONY N · CIK 0001224266 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · by ESOP

Disclosed balance after: 1,569.9694

F1 · balance_after: Shares held by the BayFirst Natioanl Bank Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account. The shares vest based on your Year of Vesting Service (generally a year in which the Reporting Person works at least 1,000 hours). The shares will become fully vested upon your attainment of Normal Retirement Age of 65.

SEC source: 0001649739-24-000089 · wk-form4_1710272873.xml · nonDerivative · entry 1

Tudor Rhonda S · CIK 0001703675 · SVP, Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By ESOP

Disclosed balance after: 201.3724

F1 · balance_after: Shares held by the BayFirst Natioanl Bank Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account. The shares vest based on your Year of Vesting Service (generally a year in which the Reporting Person works at least 1,000 hours). The shares will become fully vested upon your attainment of Normal Retirement Age of 65.

SEC source: 0001649739-23-000350 · wk-form4_1703008141.xml · nonDerivative · entry 1

Deloach Dennis Reppard III · CIK 0001886792 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,751.3209

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000360 · wk-form4_1703008266.xml · nonDerivative · entry 1

Harris Alexander Octavius · CIK 0001886639 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,557.7496

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000354 · wk-form4_1703008195.xml · nonDerivative · entry 1

Helal Tarek · CIK 0001886423 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,543.3683

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000352 · wk-form4_1703008170.xml · nonDerivative · entry 1

Oliver Robin Leigh · CIK 0001886484 · EVP, COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,028.6692

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000349 · wk-form4_1703008128.xml · nonDerivative · entry 1

Zernick Thomas Gerard · CIK 0001885587 · Director · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,253.151

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000359 · wk-form4_1703008255.xml · nonDerivative · entry 1

Zipperian Barbara J · CIK 0001632068 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,095.6546

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000357 · wk-form4_1703008229.xml · nonDerivative · entry 1

Saravanos Anthony · CIK 0001439930 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,232.7863

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000358 · wk-form4_1703008244.xml · nonDerivative · entry 1

WuDunn Sheryl · CIK 0001913431 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,044.2139

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000356 · wk-form4_1703008216.xml · nonDerivative · entry 1

Spoor Bradly William · CIK 0001885329 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · S5 Consulting, LLC

Disclosed balance after: 21,870.3746

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000355 · wk-form4_1703008205.xml · nonDerivative · entry 4

Berset Mark S · CIK 0001439853 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Linda Berset Irrevocable Trust

Disclosed balance after: 48,671.9895

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000355 · wk-form4_1703008205.xml · nonDerivative · entry 3

Berset Mark S · CIK 0001439853 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Linda C. Berset Family Trust

Disclosed balance after: 6,593.657

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000355 · wk-form4_1703008205.xml · nonDerivative · entry 2

Berset Mark S · CIK 0001439853 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 209,912.0369

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000355 · wk-form4_1703008205.xml · nonDerivative · entry 1

Berset Mark S · CIK 0001439853 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Mark S. Berset 2012 Irrevocable Trust U/A Dated 12/13/12

Disclosed balance after: 16,207.6644

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000353 · wk-form4_1703008184.xml · nonDerivative · entry 1

Tudor Rhonda S · CIK 0001703675 · SVP, Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,152.4908

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000351 · wk-form4_1703008157.xml · nonDerivative · entry 1

Berset Derek Steven · CIK 0001885323 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 62,412.1424

F1 · kind: Shares were purchased with reinvested dividends within the Issuer's Dividend Reinvestment Plan.

SEC source: 0001649739-23-000336 · wk-form4_1702303030.xml · nonDerivative · entry 1

McKim Scott Joseph · CIK 0001987910 · EVP, Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 200

SEC source: 0001649739-23-000334 · wk-form4_1701812112.xml · nonDerivative · entry 1

Zernick Thomas Gerard · CIK 0001885587 · Director · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,212.5244

SEC source: 0001649739-23-000332 · wk-form4_1701464782.xml · derivative · entry 1

Zipperian Barbara J · CIK 0001632068 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3

Underlying: Common Stock · Not disclosed shares

Expires 2033-11-30

F1 · derivative.exercise_price: Ms. Zipperian acquired 3 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Ms. Zipperian acquired 3 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

SEC source: 0001649739-23-000331 · wk-form4_1701464760.xml · derivative · entry 1

Spoor Bradly William · CIK 0001885329 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25

Underlying: Common Stock · Not disclosed shares

Expires 2033-11-30

F1 · derivative.exercise_price: Mr. Spoor acquired 25 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Mr. Spoor acquired 25 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

SEC source: 0001649739-23-000330 · wk-form4_1701464746.xml · derivative · entry 1

WuDunn Sheryl · CIK 0001913431 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3

Underlying: Common Stock · Not disclosed shares

Expires 2033-11-30

F1 · derivative.exercise_price: Ms. WuDunn acquired 3 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Ms. WuDunn acquired 3 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

SEC source: 0001987910-23-000002 · wk-form4_1701364817.xml · nonDerivative · entry 1

McKim Scott Joseph · CIK 0001987910 · EVP, Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100

SEC source: 0001649739-23-000317 · wk-form4_1699470256.xml · nonDerivative · entry 1

Harris Alexander Octavius · CIK 0001886639 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,546.7317

F1 · kind: Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

SEC source: 0001649739-23-000318 · wk-form4_1699470268.xml · nonDerivative · entry 1

Saravanos Anthony · CIK 0001439930 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 52,907.6556

F1 · kind: Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

SEC source: 0001649739-23-000319 · wk-form4_1699470283.xml · nonDerivative · entry 1

Berset Mark S · CIK 0001439853 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 209,881.8348

F1 · kind: Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

SEC source: 0001649739-23-000320 · wk-form4_1699470296.xml · nonDerivative · entry 1

Berset Derek Steven · CIK 0001885323 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 62,027.8705

F1 · kind: Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

SEC source: 0001649739-23-000316 · wk-form4_1699470243.xml · nonDerivative · entry 1

WuDunn Sheryl · CIK 0001913431 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,030.5418

F1 · kind: Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

SEC source: 0001649739-23-000296 · wk-form4_1698852203.xml · nonDerivative · entry 1

LEO ANTHONY N · CIK 0001224266 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,683.2362

SEC source: 0001649739-23-000294 · wk-form4_1698779557.xml · nonDerivative · entry 1

Zernick Thomas Gerard · CIK 0001885587 · Director · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,895.1884

SEC source: 0001649739-23-000292 · wk-form4_1698765441.xml · nonDerivative · entry 3

LEO ANTHONY N · CIK 0001224266 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,633.2362

SEC source: 0001649739-23-000292 · wk-form4_1698765441.xml · nonDerivative · entry 2

LEO ANTHONY N · CIK 0001224266 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,583.2362

SEC source: 0001649739-23-000292 · wk-form4_1698765441.xml · nonDerivative · entry 1

LEO ANTHONY N · CIK 0001224266 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,533.2362

SEC source: 0001649739-23-000306 · wk-form4_1698931030.xml · nonDerivative · entry 1

Oliver Robin Leigh · CIK 0001886484 · EVP, COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,021.265

F1 · kind: Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

SEC source: 0001649739-23-000305 · wk-form4_1698931020.xml · nonDerivative · entry 1

Zernick Thomas Gerard · CIK 0001885587 · Director · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,062.5244

F1 · kind: Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

SEC source: 0001649739-23-000310 · wk-form4_1698931075.xml · nonDerivative · entry 1

LEO ANTHONY N · CIK 0001224266 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,917.5066

F1 · kind: Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

SEC source: 0001649739-23-000309 · wk-form4_1698931064.xml · nonDerivative · entry 1

Tudor Rhonda S · CIK 0001703675 · SVP, Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,151.2489

F1 · kind: Shares were purchased within the Issuer's Non-Qualified Stock Purchase Plan.

SEC source: 0001649739-23-000308 · wk-form4_1698931053.xml · derivative · entry 1

Berset Derek Steven · CIK 0001885323 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100

Underlying: Common Stock · Not disclosed shares

Expires 2033-10-31

F1 · derivative.exercise_price: Mr. Berset acquired 100 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Mr. Berset acquired 100 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

SEC source: 0001649739-23-000307 · wk-form4_1698931042.xml · derivative · entry 1

Saravanos Anthony · CIK 0001439930 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10

Underlying: Common Stock · Not disclosed shares

Expires 2033-10-31

F1 · derivative.exercise_price: Mr. Saravanos acquired 10 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Mr. Saravanos acquired 10 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

SEC source: 0001649739-23-000284 · wk-form4_1697726975.xml · derivative · entry 3

Berset Mark S · CIK 0001439853 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Mark Berset Irrevocable Trust

Disclosed balance after: 150

Underlying: Common Stock · Not disclosed shares

Expires 2033-10-18

F1 · derivative.exercise_price: Mr. Berset acquired a total of 600 shares of Series C Cumulative Convertible Preferred Stock which were purchased in the name of three different trusts. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Mr. Berset acquired a total of 600 shares of Series C Cumulative Convertible Preferred Stock which were purchased in the name of three different trusts. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

SEC source: 0001649739-23-000284 · wk-form4_1697726975.xml · derivative · entry 2

Berset Mark S · CIK 0001439853 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Mark and Linda Berset, JTWROS

Disclosed balance after: 350

Underlying: Common Stock · Not disclosed shares

Expires 2033-10-18

F1 · derivative.exercise_price: Mr. Berset acquired a total of 600 shares of Series C Cumulative Convertible Preferred Stock which were purchased in the name of three different trusts. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Mr. Berset acquired a total of 600 shares of Series C Cumulative Convertible Preferred Stock which were purchased in the name of three different trusts. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

SEC source: 0001649739-23-000284 · wk-form4_1697726975.xml · derivative · entry 1

Berset Mark S · CIK 0001439853 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · Linda Berset Irrevocable Trust

Disclosed balance after: 100

Underlying: Common Stock · Not disclosed shares

Expires 2033-10-18

F1 · derivative.exercise_price: Mr. Berset acquired a total of 600 shares of Series C Cumulative Convertible Preferred Stock which were purchased in the name of three different trusts. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Mr. Berset acquired a total of 600 shares of Series C Cumulative Convertible Preferred Stock which were purchased in the name of three different trusts. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

SEC source: 0001649739-23-000278 · wk-form4_1696273943.xml · derivative · entry 1

McKim Scott Joseph · CIK 0001987910 · EVP, Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10

Underlying: Common Stock · Not disclosed shares

Expires 2033-09-30

F1 · derivative.exercise_price: Mr. McKim acquired 10 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Mr. McKim acquired 10 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

SEC source: 0001649739-23-000279 · wk-form4_1696273986.xml · derivative · entry 1

Oliver Robin Leigh · CIK 0001886484 · EVP, COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100

Underlying: Common Stock · Not disclosed shares

Expires 2033-09-30

F1 · derivative.exercise_price: Ms. Oliver acquired 100 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.

F1 · derivative.underlying_shares: Ms. Oliver acquired 100 shares of Series C Cumulative Convertible Preferred Stock. The Series C Cumulative Convertible Preferred Stock has a liquidation preference of $1,000 per share. The holders of Series C Cumulative Convertible Preferred Stock have 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. 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 shall be adjusted to reflect a subsequent quarter end only on the last day of the month succeeding such quarter end.