David R. Melville III - Feb 1, 2023 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role
President and CEO, Director
Signature
/s/ / Heather Roemer, as attorney-in-fact for David R. Melville III
Stock symbol
BFST
Transactions as of
Feb 1, 2023
Transactions value $
$945,122
Form type
4
Date filed
2/3/2023, 07:50 PM
Previous filing
Apr 4, 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 $945K +45.6K +25.02% $20.74 228K Feb 1, 2023 Direct F1, F2, F3
* 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) 9,683 shares of unvested restricted stock granted on 2/1/2021, which will vest on 3/31/2023, (b) 16,430 shares of unvested restricted stock granted on 2/1/2022, of which 8,214 shares will vest on 3/31/2023 and the remaining 8,216 shares will vest on 3/31/2024, and (c) 45,570 shares of restricted stock granted on 2/1/2023, of which 15,038 shares will vest on 3/31/2023, 15,038 shares will vest on 3/31/2024, and the remaining 15,494 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.
F3 Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 6,165 shares.