BayFirst Financial Corp. Chief Operating Officer Robin Leigh Oliver filed a Form 4 on November 9, 2026, disclosing a conversion of 100 shares of Series C Cumulative Convertible Preferred Stock into 27,472 shares of common stock, with the transaction dated November 6, 2026.

Key Highlights

  • Reporting person: Oliver Robin Leigh, COO of BayFirst Financial Corp. (NASDAQ:BAFN)
  • Transaction type: Conversion (Transaction Code J/C) of 100 Series C Cumulative Convertible Preferred Stock shares into common stock on November 6, 2026
  • Shares acquired: 27,472 shares of common stock received upon conversion
  • Conversion ratio: Approximately 274.7253 common shares issued per preferred share, according to the filing
  • Post-transaction ownership: 50,616.876 shares of common stock held directly following the transaction
  • Remaining preferred shares: 0 shares of Series C Cumulative Convertible Preferred Stock held following the conversion

COO Leigh Converts Series C Preferred Stock at BayFirst Financial

According to the Form 4 filing, Oliver Robin Leigh, identified as the Chief Operating Officer of BayFirst Financial Corp., reported a conversion transaction dated November 6, 2026. The filing discloses that Leigh converted 100 shares of the company's Series C Cumulative Convertible Preferred Stock into 27,472 shares of BayFirst common stock. The transaction is recorded under Transaction Code C in Table II (derivative securities) and Transaction Code J in Table I (non-derivative securities).

The filing's explanation of responses states: "The reporting person acquired the common shares upon the conversion of shares Series C Cumulative Convertible Preferred Stock. For each share of preferred stock, the Company issued approximately 274.7253 common shares." No cash price is listed for the conversion in the filing. The Series C Cumulative Convertible Preferred Stock carried an expiration date of September 30, 2033, and a date exercisable of September 30, 2023, as reported in Table II.

Following the reported transaction, the filing indicates Leigh directly holds 50,616.876 shares of BayFirst common stock and no remaining shares of Series C Cumulative Convertible Preferred Stock. The Form 4 was signed by Barbara Felts as attorney-in-fact on November 9, 2026, and indicates this was filed by one reporting person.

What Was Disclosed

BayFirst Financial Corp. COO Oliver Robin Leigh filed a Form 4 disclosing the conversion of 100 preferred shares into 27,472 common shares on November 6, 2026, resulting in direct beneficial ownership of 50,616.876 common shares and zero remaining preferred shares.