Saundra Strong - Feb 1, 2024 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: EVP & General Counsel
Signature: /s/ Heather Roemer, as attorney-in-fact for Saundra Strong
Stock symbol: BFST
Transactions as of: Feb 1, 2024
Transactions value $: $180,604
Form type: 4
Date filed: 2/2/2024, 05:11 PM
Previous filing: Apr 21, 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	$181K	+8.03K	+69.98%	$22.48	19.5K	Feb 1, 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Includes (a) 246 shares of unvested restricted stock granted on 2/1/2022, which will vest on 3/31/2024, (b) 8,083 shares of unvested restricted stock granted on 2/1/2023, of which 3,981 shares will vest on 3/31/2024 and the remaining 4,102 shares will vest on 3/31/2025, and (c) 8,034 shares of unvested restricted stock granted on 2/1/2024, of which 2,651 shares will vest on 3/31/2024, 2,651 shares will vest on 3/31/2025, and the remaining 2,732 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.

Content

Includes (a) 246 shares of unvested restricted stock granted on 2/1/2022, which will vest on 3/31/2024, (b) 8,083 shares of unvested restricted stock granted on 2/1/2023, of which 3,981 shares will vest on 3/31/2024 and the remaining 4,102 shares will vest on 3/31/2025, and (c) 8,034 shares of unvested restricted stock granted on 2/1/2024, of which 2,651 shares will vest on 3/31/2024, 2,651 shares will vest on 3/31/2025, and the remaining 2,732 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.