Kenneth Lehman discloses 42.4% stake in BayFirst Financial, plans board seat
Kenneth R Lehman filed a Schedule 13D disclosing beneficial ownership of 11,500,000 shares, or 42.4% of BayFirst Financial Corp.'s common stock, with sole voting and dispositive power. Lehman stated he acquired the shares as a prudent investment and intends to join the board of directors of the company and its subsidiary, BayFirst National Bank. He reserved the right to acquire additional shares, dispose of holdings, engage in discussions with management and other stakeholders regarding the company's business and governance, or take other actions he deems appropriate to maximize investment value.
Key facts
- Kenneth R Lehman owns 11,500,000 shares, 42.4% of BayFirst Financial Corp.
- Lehman intends to join the board of directors of BayFirst Financial Corp. and BayFirst National Bank
- Lehman has sole voting power and sole dispositive power over all 11,500,000 shares
- Lehman reserved the right to acquire additional shares, dispose of holdings, and engage in discussions with management regarding business, operations, governance, management, strategy, or capital structure
Why it matters
Lehman's 42.4% stake and stated intent to join the board give him substantial influence over BayFirst Financial's governance and strategic direction.
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Derived from SC 13D filed 2026-07-16. Not investment advice. View the source filing on SEC.gov →