CEO Alfred T. Rogers Jr. Acquires $7.4M in Stock, Signaling Confidence Amid Turnaround
BAFN sits 52% above its 52-week low of $4.259 on light trading volume (0.1× avg).
Summary
CEO Alfred T. Rogers Jr. acquired $7.4 million in BayFirst stock via preferred share conversion, a 27.8% stake increase that demonstrates strong insider confidence amid the bank's financial restructuring.
Key Events · Ownership and Investor Activity · BAFN
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CEO Acquires $7.4M in Stock
Alfred T. Rogers Jr. converted Series D Preferred Stock into 1,142,800 common shares, a $7,416,201 acquisition representing 27.8% of the company's market cap.
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Post-Transaction Holdings
Rogers now indirectly holds 691,394 shares through various LLCs, solidifying his economic alignment with shareholders.
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Conversion Details
The shares were acquired via conversion of Series D Preferred Stock at no cost, with the preferred shares retired upon conversion.
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Timing Amid Restructuring
The acquisition follows a $40.1M asset resolution charge, financial restatements, and an $80M preferred stock conversion that diluted existing holders — Rogers' buy signals confidence in the turnaround.
Analysis · BAFN · Finance
Newly appointed CEO Alfred T. Rogers Jr. converted Series D Preferred Stock into 1.14 million common shares, a $7.4 million acquisition representing 27.8% of the company's market cap. This massive insider buy comes just weeks after BayFirst disclosed a $40.1 million asset resolution charge, restated financials, and completed a highly dilutive $80 million preferred stock conversion that handed control to a single investor. Rogers' move puts significant personal capital at risk and signals conviction in the bank's recovery plan, directly countering the negative sentiment from recent distress. The transaction is not a routine option exercise or grant — it's a real-money purchase at a critical juncture.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 44.5% of the 283 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.46%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BAFN was trading at $6.49 on NASDAQ in the Finance sector, with a market capitalization of approximately $26.7M. The 52-week trading range was $4.26 to $13.60. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.