11 unchanged sentences
Based on this assessment management has determined that, as of December 31, 2025, the Company’s internal control over financial reporting is effective based on the specified criteria.
−Removed: The effectiveness of the Company’s internal control over financial reporting as of December 31, 2024, has been audited by Forvis Mazars, LLP, an independent registered public accounting firm, as state in their report herein – “Report of Independent Registered Accounting Firm.”
+Added: The effectiveness of the Company’s internal control over financial reporting as of December 31, 2025, has been audited by Forvis Mazars, LLP, an independent registered public accounting firm, as stated in their report herein – “Report of Independent Registered Accounting Firm.”
Changes in Internal Controls over Financial Reporting
1 unchanged sentence
The Company is continually monitoring and assessing changes in processes and activities to determine any potential impact on the design and operating effectiveness of internal controls over financial reporting.
+Added: Management will continue to evaluate the need for changes to internal controls as business conditions and operations evolve.
Limitations on the Effectiveness of Controls
The Company’s management recognizes that a control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.
−Removed: Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.
+Added: Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to
Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, errors and instances of fraud, if any, within the Company have been detected.
1 unchanged sentence
Rule 10b5-1 Trading Arrangements
−Removed: For the quarter ended December 31, 2024, there were no trading arrangements for the sale or purchase of our securities adopted , terminated or for which the amount, pricing or timing provisions were modified by our directors and officers (as defined in Rule 16a-1(f) of the Exchange Act) that was either (1) a contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “ Rule 10b5-1 trading arrangement”) or (2) a “ non-Rule 10b5-1 trading arrangement ” (as defined in Item 408(c) of Regulation S-K).
+Added: For the quarter ended December 31, 2025, there were no trading arrangements for the sale or purchase of our securities adopted , terminated or for which the amount, pricing or timing provisions were modified by our directors and officers (as defined in Rule 16a-1(f) of the Exchange Act) that were either (1) a contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “ Rule 10b5-1 trading arrangement”) or (2) a “ non-Rule 10b5-1 trading arrangement ” (as defined in Item 408(c) of Regulation S-K).
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
42 unchanged sentences
(filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on July 26, 2022 and incorporated herein by reference).
+Added: Agreement and Plan of Merger, dated July 17, 2025, by and between Bank First Corporation and Centre 1 Bancorp, Inc.
+Added: (filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on July 18, 2025, and incorporated herein by reference).
Restated Articles of Incorporation of Bank First Corporation (filed as Exhibit 3.1 to the Company’s Registration Statement on Form 10-12B/A (File No.
22 unchanged sentences
Change in Control Agreement dated May 16, 2023 between Bank First Corporation and Kelly M.
−Removed: Separation Agreement and General Release dated November 15, 2023 between Bank First Corporation and Joan Woldt*
+Added: Dvorak, (filed as Exhibit 10.11 to the Company’s Annual Report on Form 10-K with the SEC on February 29, 2024 and incorporated herein by reference).*
+Added: Separation Agreement and General Release dated November 15, 2023 between Bank First Corporation and Joan Woldt (filed as Exhibit 10.12 to the Company’s Annual Report on Form 10-K filed with the SEC on February 29, 2024 and incorporated herein by reference).*
Insider Trading Policy
35 unchanged sentences
February 27, 2026
−Removed: February 28, 2025
/s/ Stephen E.
February 27, 2026
−Removed: February 28, 2025
/s/ Phillip R.
6 unchanged sentences
February 27, 2026
+Added: February 27, 2026
/s/ Michael S.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.