Warren McDonald - Nov 7, 2024 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: Chief Credit Officer
Signature: /s/ Heather Roemer, as attorney-in-fact for Warren McDonald
Stock symbol: BFST
Transactions as of: Nov 7, 2024
Transactions value $: -$73,472
Form type: 4
Date filed: 11/12/2024, 04:09 PM
Previous filing: Sep 13, 2024
Next filing: Dec 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFST	COMMON STOCK	Sale	-$73.5K	-2.56K	-13.41%	$28.70	16.5K	Nov 7, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $28.50 to $29.28. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2	Includes (a) 3,829 shares of unvested restricted stock granted on 2/1/2023, which will vest on 3/31/2025, and (b) 5,383 shares of unvested restricted stock granted on 2/1/2024, of which 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

This transaction was executed in multiple trades at prices ranging from $28.50 to $29.28. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Includes (a) 3,829 shares of unvested restricted stock granted on 2/1/2023, which will vest on 3/31/2025, and (b) 5,383 shares of unvested restricted stock granted on 2/1/2024, of which 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.