David R. Melville III - Mar 31, 2025 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
Stock symbol: BFST
Transactions as of: Mar 31, 2025
Transactions value $: -$259,108
Form type: 4
Date filed: 4/2/2025, 06:18 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	-$259K	-10.6K	-4.75%	$24.35	213K	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						31.3K	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 10,103 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 units of the employer stock fund through the issuer's 401(k) plan equivalent to approximately 13,786 shares of common stock of the issuer and 96,288 pledged shares of common stock of the issuer.
F3	Includes: (a) 14,966 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) 16,293 time-based restricted stock units granted to the Reporting Person on March 1, 2025, of which 5,376 shares will vest on March 1, 2026, 5,376 shares will vest on March 1, 2027, and the remaining 5,541 shares will vest on March 1, 2028.