SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Rogers Alfred Tate Jr (Last) (First) (Middle) 700 CENTRAL AVENUE (Street) ST. PETERSBURG FLORIDA 33701 (City) (State) (Zip) UNITED STATES (Country)	2. Date of Event Requiring Statement (Month/Day/Year) 05/14/2026	3. Issuer Name and Ticker or Trading Symbol BayFirst Financial Corp. [ BAFN ]
		3a. Foreign Trading Symbol	5. If Amendment, Date of Original Filed (Month/Day/Year)
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) CEO & President	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series D Preferred Stock	07/14/2026	(1)	Common Stock	691,394(2)	$0	I	ATRJR ROTH, LLC
Series D Preferred Stock	07/14/2026	(1)	Common Stock	279,986(2)	$0	I	ATRJR, LLC
Series D Preferred Stock	07/14/2026	(1)	Common Stock	148,564(2)	$0	I	ATRJR IRA, LLC
Series D Preferred Stock	07/14/2026	(1)	Common Stock	22,856(2)	$0	I	BASS COLLECTIVE, LLC

Explanation of Responses:

1. The Company is obligated to continue to pursue shareholder approval for conversion.

2. Mr. Rogers owns 400 shares of Series D Preferred Stock. After shareholder approval and all required filings, all outstanding Series D shares shall automatically convert into shares of common stock. The Company has scheduled a shareholder meeting for July 14, 2026, at which time the shareholders will vote to approve the conversion. If approved, the conversion will occur on that date. If not, conversion will be delayed until approval is received.

Remarks:

	/s/ Barbara Felts, Attorney-in-fact	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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* Form 3: SEC 1473 (03-26)