Keith Mansfield - Mar 31, 2025 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: EVP&COO of b1Bank
Signature: /s/ Heather Roemer, as attorney-in-fact for Keith Mansfield
Stock symbol: BFST
Transactions as of: Mar 31, 2025
Transactions value $: -$76,459
Form type: 4
Date filed: 4/2/2025, 06:15 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	-$76.5K	-3.14K	-3.77%	$24.35	80.2K	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 27,000 shares held by the Reporting Person's investment retirement account.
F3	Includes: (a) 5,555 time-based restricted stock units granted on December 12, 2024, of which 1,833 shares will vest on December 12, 2025, 1,833 shares will vest on December 12, 2026, and the remaining 1,889 shares will vest on December 12, 2027; and (b) 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.