David R. Melville III - 31 Mar 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: 31 Mar 2024
Net transactions value: -$250,828
Form type: 4
Filing time: 02 Apr 2024, 16:28:35 UTC
Previous filing: 02 Feb 2024
Next filing: 06 Nov 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	Tax liability	$250,828	-11,258	-4.5%	$22.28	241,639	31 Mar 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) 15,494 shares of restricted stock granted on 2/1/2023 which will vest on 3/31/2025, and (b) 19,909 shares of unvested restricted stock granted on 2/1/2024, of which 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) 15,494 shares of restricted stock granted on 2/1/2023 which will vest on 3/31/2025, and (b) 19,909 shares of unvested restricted stock granted on 2/1/2024, of which 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.