Saundra Strong - Dec 12, 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: Dec 12, 2024
Transactions value $: $109,896
Form type: 4
Date filed: 12/16/2024, 04:07 PM
Previous filing: Aug 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFST	COMMON STOCK	Award	$110K	+3.86K	+34.2%	$28.50	15.1K	Dec 12, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Reflects the grant of time-based restricted stock to the reporting person. The time-based restricted stock will vest in substantially equal installments on the first, second, and third anniversary of the issuance date.
F2	Includes (a) 4,102 shares of unvested restricted stock granted on 2/1/2023 which will vest on 3/31/2025; (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; and (c) 3,856 shares of unvested restricted stock granted on 12/12/2024, of which 1,272 shares will vest on 12/12/2025, 1,272 shares will vest on 12/12/2026, and the remaining 1,312 shares will vest on 12/12/2027. 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

Reflects the grant of time-based restricted stock to the reporting person. The time-based restricted stock will vest in substantially equal installments on the first, second, and third anniversary of the issuance date.

Includes (a) 4,102 shares of unvested restricted stock granted on 2/1/2023 which will vest on 3/31/2025; (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; and (c) 3,856 shares of unvested restricted stock granted on 12/12/2024, of which 1,272 shares will vest on 12/12/2025, 1,272 shares will vest on 12/12/2026, and the remaining 1,312 shares will vest on 12/12/2027. 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.