Greg Robertson - 23 Sep 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
23 Sep 2021
Net transactions value
-$15.73
Form type
4
Filing time
27 Sep 2021, 17:58:32 UTC
Previous filing
16 Aug 2021
Next filing
03 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Options Exercise $150,000 +10,000 +33% $15.00 40,383 23 Sep 2021 Direct F1
transaction BFST COMMON STOCK Tax liability $150,016 -6,497 -16% $23.09 33,886 23 Sep 2021 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 Stock Options (Right to Buy) Options Exercise $0 -10,000 -100% $0.000000* 0 23 Sep 2021 Common Stock 10,000 $15.00 Direct
* 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.