Saundra Strong - 12 Dec 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
12 Dec 2025
Transactions value $
$-15,545
Form type
4
Filing time
16 Dec 2025, 17:41:33 UTC
Previous filing
25 Aug 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 16 Dec 2025 0001889385

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Options Exercise +1,272 +21.2% 7,269 12 Dec 2025 Direct F1, F2
transaction BFST COMMON STOCK Tax liability $-15,545 -561 -7.72% $27.71 6,708 12 Dec 2025 Direct F1

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
transaction BFST Restricted Stock Units Options Exercise -1,272 -16.1% 6,636 12 Dec 2025 Common Stock 1,272 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The reporting person received an award of 3,856 time-based restricted stock units on December 12, 2024, vesting in three substantially equal installments on the first, second, and third anniversary of the issuance date.
F3 Includes: (a) 2,584 time-based restricted stock units granted on December 12, 2024, of which 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.