Heather G. Roemer - Jul 1, 2025 Form 3 Insider Report for Business First Bancshares, Inc. (BFST)

Role
EVP, CAO
Signature
/s/ Saundra Strong, as Attorney-in-Fact for Heather G. Roemer
Stock symbol
BFST
Transactions as of
Jul 1, 2025
Transactions value $
$0
Form type
3
Date filed
7/10/2025, 07:23 PM
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Roemer Heather G. EVP, CAO 500 LAUREL STREET, SUITE 101, BATON ROUGE /s/ Saundra Strong, as Attorney-in-Fact for Heather G. Roemer 2025-07-10 0002076134

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFST Common Stock 19.6K Jul 1, 2025 Direct F1
holding BFST Common Stock 8.82K Jul 1, 2025 By spouse
holding BFST Common Stock 7.23K Jul 1, 2025 As custodian for minor children

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 Jul 1, 2025 Common Stock 6.74K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes: (a) 1,927 shares of restricted stock granted on February 1, 2024, which vest on March 31, 2026; and (b) 725 shares held jointly with spouse.
F2 Reflects (a) 3,280 time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on December 12, 2024; and (b) 3,459 time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on March 1, 2025. The time-based restricted stock units will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.
F3 The reporting person has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan (the "Deferred Compensation Plan"). In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto in accordance with the Deferred Compensation Plan, on the first business day of the month following the month in which the reporting person's separation of service, death or disability occurs.

Remarks:

Exhibit List: Exhibit 24, Power of Attorney