Greg Robertson - 31 Mar 2021 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: EVP and CFO
Signature: /s/ Heather Roemer, as attorney-in-fact for Gregory Robertson
Issuer symbol: BFST
Transactions as of: 31 Mar 2021
Net transactions value: -$49,894
Form type: 4
Filing time: 16 Aug 2021, 19:26:40 UTC
Next filing: 27 Sep 2021
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	$49,894	-2,085	-6.4%	$23.93	30,383	31 Mar 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes (a) 1,871 shares of unvested restricted stock granted on 2/1/2020, which will vest on 3/31/2022, and (b) 7,355 shares of unvested restricted stock granted on 2/1/2021, 3,623 shares of which will vest on 3/31/2022 and the remaining 3,732 shares will vest on 3/31/2023. 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.

Content

Includes (a) 1,871 shares of unvested restricted stock granted on 2/1/2020, which will vest on 3/31/2022, and (b) 7,355 shares of unvested restricted stock granted on 2/1/2021, 3,623 shares of which will vest on 3/31/2022 and the remaining 3,732 shares will vest on 3/31/2023. 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.