Philip Jordan - Feb 1, 2024 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, 2024
Transactions value $: $249,708
Form type: 4
Date filed: 2/2/2024, 05:09 PM
Previous filing: Apr 28, 2023
Next filing: Apr 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFST	COMMON STOCK	Award	$250K	+11.1K	+16.27%	$22.48	79.4K	Feb 1, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes (a) 3,116 shares of unvested restricted stock granted on 2/1/2022, which will vest on 3/31/2024, (b) 10,838 shares of unvested restricted stock granted on 2/1/2023, of which 5,338 shares will vest on 3/31/2024 and the remaining 5,500 shares will vest on 3/31/2025, and (c) 11,108 shares of unvested restricted stock granted on 2/1/2024, of which 3,666 shares will vest on 3/31/2024, 3,666 shares will vest on 3/31/2025, and the remaining 3,776 shares will vest on 3/31/2026. 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.
F2	Includes shares held by reporting person's IRA and units of employer stock fund through issuer's 401(k) plan equivalent to approximately 13,003 shares.

Content

Includes (a) 3,116 shares of unvested restricted stock granted on 2/1/2022, which will vest on 3/31/2024, (b) 10,838 shares of unvested restricted stock granted on 2/1/2023, of which 5,338 shares will vest on 3/31/2024 and the remaining 5,500 shares will vest on 3/31/2025, and (c) 11,108 shares of unvested restricted stock granted on 2/1/2024, of which 3,666 shares will vest on 3/31/2024, 3,666 shares will vest on 3/31/2025, and the remaining 3,776 shares will vest on 3/31/2026. 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.

Includes shares held by reporting person's IRA and units of employer stock fund through issuer's 401(k) plan equivalent to approximately 13,003 shares.