Greg Robertson - Sep 23, 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
Stock symbol
BFST
Transactions as of
Sep 23, 2021
Transactions value $
-$16
Form type
4
Date filed
9/27/2021, 05:58 PM
Previous filing
Aug 16, 2021
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Options Exercise $150K +10K +32.91% $15.00 40.4K Sep 23, 2021 Direct F1
transaction BFST COMMON STOCK Tax liability -$150K -6.5K -16.09% $23.09 33.9K Sep 23, 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 -10K -100% $0.00* 0 Sep 23, 2021 Common Stock 10K $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.