Kathryn Manning - 12 Dec 2025 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role
EVP & Chief Risk Officer
Signature
/s/ Heather Roemer, as attorney-in-fact for Kathryn Manning
Issuer symbol
BFST
Transactions as of
12 Dec 2025
Net transactions value
-$11,555
Form type
4
Filing time
16 Dec 2025, 17:44:10 UTC
Previous filing
02 Apr 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Manning Kathryn EVP & Chief Risk Officer 500 LAUREL STREET, SUITE 101, BATON ROUGE /s/ Heather Roemer, as attorney-in-fact for Kathryn Manning 16 Dec 2025 0001927057

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Options Exercise +1,179 +7.4% 17,082 12 Dec 2025 Direct F1, F2
transaction BFST COMMON STOCK Tax liability $11,555 -417 -2.4% $27.71 16,665 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 -1,179 -16% 6,151 12 Dec 2025 Common Stock 1,179 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 2,470 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 3,574 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) 2,395 time-based restricted stock units granted on December 12, 2024, of which 1,179 shares will vest on December 12, 2026 and the remaining 1,216 shares will vest on December 12, 2027; and (b) 3,756 time-based restricted stock units granted to the reporting person on March 1, 2025, of which 1,239 shares will vest on March 1, 2026, 1,239 shares will vest on March 1, 2027, and the remaining 1,278 shares will vest on March 1, 2028.