Norman Jerome Vascocu Jr. - 01 Feb 2023 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: EVP, CAO of b1Bank
Signature: /s/ Heather Roemer, as attorney-in-fact for Norman Jerome Vascocu, Jr.
Issuer symbol: BFST
Transactions as of: 01 Feb 2023
Net transactions value: +$335,490
Form type: 4
Filing time: 03 Feb 2023, 16:30:03 UTC
Previous filing: 28 Nov 2022
Next filing: 04 Apr 2023
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	$335,490	+16,176		$20.74	16,176	01 Feb 2023	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	Consists of 16,176 shares of unvested restricted stock granted on 2/1/2023, of which 5,338 shares will vest on 3/31/2023, 5,338 shares will vest on 3/31/2024, and the remaining 5,500 shares will vest on 3/31/2025. 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.