Item 5.02.            Departure of Directors or Certain Officers; Election

of Directors;


                      Appointment of Certain Officers; Compensatory

Arrangements of Certain


                      Officers.

Effective January 25, 2022, BayFirst Financial Corp. (the "Company") amended and restated its Non-Qualified Stock Purchase Plan (the "NSPP").


All employees and Directors of the Company and its affiliates are eligible to
participate in the NSPP. All employees are eligible to purchase shares of
Company stock through payroll deduction, subject to a maximum of 10% of their
pay, through the NSPP. Directors may purchase shares of common stock with
deductions of any amount from their Directors' board fees.

The Company will purchase shares on Nasdaq as soon as practicable after the end
of each calendar quarter. If sufficient shares are not so acquired, the Company
will issue shares from its authorized but unissued shares. In addition, each
calendar year, the Board of Directors of the Company may authorize a discount up
to 10% of the purchase price for shares purchased by employees during that year.
Directors are not eligible for the discount.

A copy of the Amended and Restated Non-Qualified Stock Purchase Plan is attached to this Form 8-K as Exhibit 4.1.

Item 9.01 Financial Statements and Exhibits.


       (d) Exhibits

         Exhibit Number                                     Exhibit Name                                  Filed Herewith
                       4.1            Amended and Restated Non-Qualified Stock Purchase Plan                     *
                                      Cover Page Interactive Data File (embedded within the
                       104          Inline XBRL document)                                                        *



The information in this report (including the exhibits) shall not be deemed to
be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise subject to the liability of that
section, and shall not be incorporated by reference into any registration
statement or other document filed under the Securities Act of 1933, as amended,
or the Exchange Act, except as shall be expressly set forth by specific
reference in such filing.

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