Norman Jerome Vascocu Jr. - 31 Dec 2024 Form 5 Insider Report for Business First Bancshares, Inc. (BFST)

Role: President of b1Bank
Signature: /s/ Heather Roemer, as attorney-in-fact for Norman Jerome Vascocu, Jr.
Issuer symbol: BFST
Transactions as of: 31 Dec 2024
Net transactions value: -$22,192
Form type: 5
Filing time: 14 Feb 2025, 16:10:49 UTC
Previous filing: 16 Dec 2024
Next filing: 05 Mar 2025
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	$22,192	-794	-3%	$27.95	25,883	21 Nov 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On November 21, 2024, 1,789 shares of restricted stock beneficially owned by the Reporting Person fully vested. These shares were previously reported as beneficially owned by the Reporting Person. Upon vesting, 794 shares of the restricted stock were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting thereof.
F2	Consists of (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.

Content

On November 21, 2024, 1,789 shares of restricted stock beneficially owned by the Reporting Person fully vested. These shares were previously reported as beneficially owned by the Reporting Person. Upon vesting, 794 shares of the restricted stock were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting thereof.

Consists of (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.