David R. Melville III - 01 Feb 2024 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: 01 Feb 2024
Net transactions value: +$673,639
Form type: 4
Filing time: 02 Feb 2024, 17:12:09 UTC
Previous filing: 12 May 2023
Next filing: 02 Apr 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	Award	$673,639	+29,715	+13%	$22.67	252,897	01 Feb 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) 8,216 shares of unvested restricted stock granted on 2/1/2022, which will vest on 3/31/2024, (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., and (c) 29,715 shares of unvested restricted stock granted on 2/1/2024, of which 9,806 shares will vest on 3/31/2024, 9,806 shares will vest on 3/31/2025, and the remaining 10,103 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 units of employer stock fund through issuer's 401(k) plan equivalent to approximately 11,603 shares.

Content

Includes (a) 8,216 shares of unvested restricted stock granted on 2/1/2022, which will vest on 3/31/2024, (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., and (c) 29,715 shares of unvested restricted stock granted on 2/1/2024, of which 9,806 shares will vest on 3/31/2024, 9,806 shares will vest on 3/31/2025, and the remaining 10,103 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 units of employer stock fund through issuer's 401(k) plan equivalent to approximately 11,603 shares.