Norman Jerome Vascocu Jr - Feb 1, 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.
Stock symbol
BFST
Transactions as of
Feb 1, 2023
Transactions value $
$335,490
Form type
4
Date filed
2/3/2023, 04:30 PM
Previous filing
Nov 28, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Award $335K +16.2K $20.74 16.2K Feb 1, 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.