DAVID R. MELVILLE III - 31 Mar 2022 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: President and CEO, Director
Signature: /s/ Heather Roemer, as attorney-in-fact for David R. Melville III
Issuer symbol: BFST
Transactions as of: 31 Mar 2022
Net transactions value: -$164,495
Form type: 4
Filing time: 04 Apr 2022, 18:39:31 UTC
Previous filing: 03 Feb 2022
Next filing: 03 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFST	Common Stock	Tax liability	$164,495	-6,761	-3.6%	$24.33	181,839	31 Mar 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes (a) 9,683 shares of unvested restricted stock granted on 2/1/2021, which will vest on 3/31/2023, and (b) 16,430 shares of unvested restricted stock granted on 2/1/2022, of which 8,214 shares will vest on 3/31/2023 and the remaining 8,216 shares will vest on 3/31/2024. Under the terms of the relevant restricted stock grants, the reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events.
F2	Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 5,865 shares.

Content

Includes (a) 9,683 shares of unvested restricted stock granted on 2/1/2021, which will vest on 3/31/2023, and (b) 16,430 shares of unvested restricted stock granted on 2/1/2022, of which 8,214 shares will vest on 3/31/2023 and the remaining 8,216 shares will vest on 3/31/2024. Under the terms of the relevant restricted stock grants, the reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events.

Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 5,865 shares.