Philip Jordan - Mar 31, 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 31, 2025
Transactions value $
-$59,268
Form type
4
Date filed
4/2/2025, 06:14 PM
Previous filing
Mar 5, 2025
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 -$59.3K -2.43K -2.93% $24.35 80.6K Mar 31, 2025 Direct F1, F2

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
holding BFST Restricted Stock Units 11.4K Mar 31, 2025 Common Stock 0 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 3,776 shares of unvested restricted stock granted on February 1, 2024, which 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.
F2 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.
F3 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.