Jesse Jackson - 01 Feb 2022 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: EVP & Pres., Fin. Institutions, Director
Signature: /s/ Heather Roemer, as attorney-in-fact for Jesse Jackson
Issuer symbol: BFST
Transactions as of: 01 Feb 2022
Net transactions value: +$233,996
Form type: 4
Filing time: 03 Feb 2022, 15:04:36 UTC
Previous filing: 16 Aug 2021
Next filing: 04 Apr 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	Award	$233,996	+8,625	+384%	$27.13	10,872	01 Feb 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Reflects the grant of restricted stock to reporting person. The terms of the restricted stock grant are described in footnote 2 below.
F2	Includes (a) 1,669 shares of unvested restricted stock granted on 2/1/2021, 822 shares of which will vest on 3/31/2022 and the remaining 847 shares will vest on 3/31/2023, and (b) 8,625 shares of unvested restricted stock granted on 2/1/2022, of which 2,846 shares will vest on 3/31/2022, 2,846 shares will vest on 3/31/2023, and the remaining 2,933 shares will vest on 3/31/2024. 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

Reflects the grant of restricted stock to reporting person. The terms of the restricted stock grant are described in footnote 2 below.

Includes (a) 1,669 shares of unvested restricted stock granted on 2/1/2021, 822 shares of which will vest on 3/31/2022 and the remaining 847 shares will vest on 3/31/2023, and (b) 8,625 shares of unvested restricted stock granted on 2/1/2022, of which 2,846 shares will vest on 3/31/2022, 2,846 shares will vest on 3/31/2023, and the remaining 2,933 shares will vest on 3/31/2024. 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.