Saundra Strong - 22 Aug 2025 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role
EVP & General Counsel
Signature
/s/ Heather Roemer, as attorney-in-fact for Saundra Strong
Issuer symbol
BFST
Transactions as of
22 Aug 2025
Transactions value $
$-59,973
Form type
4
Filing time
25 Aug 2025, 16:05:34 UTC
Previous filing
02 Apr 2025
Next filing
16 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Strong Saundra EVP & General Counsel 500 LAUREL STREET, SUITE 101, BATON ROUGE /s/ Heather Roemer, as attorney-in-fact for Saundra Strong 25 Aug 2025 0001889385

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Sale $-59,973 -2,363 -28.3% $25.38 5,997 22 Aug 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 7,908 22 Aug 2025 Common Stock 0 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $25.34 to $25.41. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Includes 2,732 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.
F3 Includes: (a) 3,856 time-based restricted stock units granted on December 12, 2024, of which 1,272 shares will vest on December 12, 2025, 1,272 shares will vest on December 12, 2026, and the remaining 1,312 shares will vest on December 12, 2027; and (b) 4,052 time-based restricted stock units granted to the Reporting Person on March 1, 2025, of which 1,337 shares will vest on March 1, 2026, 1,337 shares will vest on March 1, 2027, and the remaining 1,378 shares will vest on March 1, 2028.