Margaret Singer Lee - Mar 31, 2022 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: EVP,Chief HR Officer of b1BANK
Signature: /s/ Heather Roemer, as attorney-in-fact for Margaret Singer Lee
Stock symbol: BFST
Transactions as of: Mar 31, 2022
Transactions value $: -$30,558
Form type: 4
Date filed: 4/4/2022, 06:41 PM
Previous filing: Feb 3, 2022
Next filing: Feb 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFST	Common Stock	Tax liability	-$30.6K	-1.26K	-11.63%	$24.33	9.55K	Mar 31, 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Includes (a) 1,655 shares of unvested restricted stock granted on 2/1/2021, which will vest on 3/31/2023, and (b) 2,880 shares of unvested restricted stock granted on 2/1/2022, of which 1,439 shares will vest on 3/31/2023 and the remaining 1,441 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

Includes (a) 1,655 shares of unvested restricted stock granted on 2/1/2021, which will vest on 3/31/2023, and (b) 2,880 shares of unvested restricted stock granted on 2/1/2022, of which 1,439 shares will vest on 3/31/2023 and the remaining 1,441 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.