David R. Melville III - 10 May 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
Issuer symbol: BFST
Transactions as of: 10 May 2023
Net transactions value: +$70,529
Form type: 4
Filing time: 12 May 2023, 17:24:54 UTC
Previous filing: 04 Apr 2023
Next filing: 02 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFST	COMMON STOCK	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$70,529	+5,045	+2.3%	$13.98	223,182	10 May 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	Represents the discretionary acquisition of units of employer stock fund through issuer's 401(k) plan.
F2	Includes (a) 8,216 shares of unvested restricted stock granted on 2/1/2022, which will vest on 3/31/2024, and (b) 30,532 shares of restricted stock granted on 2/1/2023, of which 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 11,603 shares.