Greg Robertson - 01 Feb 2022 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: 01 Feb 2022
Net transactions value: +$253,503
Form type: 4
Filing time: 03 Feb 2022, 15:04:37 UTC
Previous filing: 27 Sep 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	$253,503	+9,344	+28%	$27.13	43,230	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) 1,871 shares of unvested restricted stock granted on 2/1/2020, which will vest on 3/31/2022, (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, and (c) 9,344 shares of unvested restricted stock granted on 2/1/2022, of which 3,084 shares will vest on 3/31/2022, 3,084 shares will vest on 3/31/2023, and the remaining 3,176 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) 1,871 shares of unvested restricted stock granted on 2/1/2020, which will vest on 3/31/2022, (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, and (c) 9,344 shares of unvested restricted stock granted on 2/1/2022, of which 3,084 shares will vest on 3/31/2022, 3,084 shares will vest on 3/31/2023, and the remaining 3,176 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.