Philip Jordan - Feb 1, 2023 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role
EVP&CBO of b1Bank
Signature
/s/ Heather Roemer, as attorney-in-fact for Phillip Jordan
Stock symbol
BFST
Transactions as of
Feb 1, 2023
Transactions value $
$335,490
Form type
4
Date filed
2/3/2023, 07:52 PM
Previous filing
Apr 28, 2023
Next filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Award $335K +16.2K +31.27% $20.74 67.9K 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) 3,732 shares of unvested restricted stock granted on 2/1/2021, which will vest on 3/31/2023, (b) 6,230 shares of unvested restricted stock granted on 2/1/2022, of which 3,114 shares will vest on 3/31/2023, and the remaining 3,116 shares will vest on 3/31/2024, and (c) 16,176 shares of 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.
F3 Includes shares held by reporting person's IRA and units of employer stock fund through issuer's 401(k) plan equivalent to approximately 12,356 shares.