Philip Jordan - Mar 1, 2025 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role
EVP&CBO of b1Bank
Signature
/s/ Heather Roemer, as attorney-in-fact for Phillip Jordan
Stock symbol
BFST
Transactions as of
Mar 1, 2025
Transactions value $
$0
Form type
4
Date filed
3/5/2025, 06:05 AM
Previous filing
Dec 16, 2024
Next filing
Apr 2, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFST COMMON STOCK 83.1K Mar 1, 2025 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BFST Restricted Stock Units Award +5.84K +105.09% 11.4K Mar 1, 2025 Common Stock 5.84K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
F2 Includes: (a) 5,500 shares of unvested restricted stock granted on February 1, 2023, which will vest on March 31, 2025; (b) 7,442 shares of unvested restricted stock granted on February 1, 2024, of which 3,666 shares will vest on March 31, 2025, and the remaining 3,776 shares will vest on March 31, 2026. 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.
F3 Includes 4,000 shares of common stock of the issuer held by the Reporting Person's investment retirement account and units of the employer stock fund through the issuer's 401(k) plan equivalent to approximately 14,993 shares of common stock of the issuer.
F4 Reflects the grant of 5,838 time-based restricted stock units granted to the Reporting Person on March 1, 2025, of which 1,926 shares will vest on March 1, 2026, 1,926 shares will vest on March 1, 2027, and the remaining 1,986 shares will vest on March 1, 2028. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer.
F5 Includes: (a) 5,555 time-based restricted stock units granted to the Reporting Person on December 12, 2024, which will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date; and (b) 5,838 restricted stock units granted to the Reporting Person on March 1, 2025, of which 1,926 shares will vest on March 1, 2026, 1,926 shares will vest on March 1, 2027, and the remaining 1,986 shares will vest on March 1, 2028.