Philip Jordan - Apr 12, 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 Philip Jordan
Stock symbol
BFST
Transactions as of
Apr 12, 2024
Transactions value $
-$9
Form type
4
Date filed
4/16/2024, 04:06 PM
Previous filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Options Exercise $128K +7.5K +9.88% $17.11 83.4K Apr 12, 2024 Direct F1, F2
transaction BFST COMMON STOCK Tax liability -$128K -6.35K -7.61% $20.21 77.1K Apr 12, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BFST STOCK OPTIONS (RIGHT TO BUY) Options Exercise $0 -7.5K -100% $0.00* 0 Apr 12, 2024 Common Stock 7.5K $17.11 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (a) 5,500 shares of unvested restricted stock granted on 2/1/2023, which will vest on 3/31/2025, and (b) 7,442 shares of unvested restricted stock granted on 2/1/2024, of which 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.
F3 Stock Options (Right to Buy) vested in three equal installments beginning on the first anniversary of the grant date, July 31, 2014, and ending July 31, 2017.