| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Folse Mark P. | Director | 500 LAUREL STREET, SUITE 101, BATON ROUGE | /s/ Heather Roemer, as attorney-in-fact for Mark P. Folse | 11 Feb 2026 | 0001811376 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BFST | Common Stock | Sale | $153,094 | -5,146 | -8.1% | $29.75 | 58,140 | 09 Feb 2026 | Direct | F1 |
| transaction | BFST | Common Stock | Sale | $143,242 | -4,854 | -8.3% | $29.51 | 53,286 | 10 Feb 2026 | Direct | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | BFST | Restricted Stock Units | 1,016 | 09 Feb 2026 | Common Stock | 1,016 | $0.000000 | Direct | F3 |
| Id | Content |
|---|---|
| F1 | This transaction was executed in multiple trades at prices ranging from $29.70 to $29.82. The price reported above reflects the weighted average sales 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 | This transaction was executed in multiple trades at prices ranging from $29.50 to $29.54. The price reported above reflects the weighted average sales 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. |
| F3 | The time-based restricted stock units were granted to the reporting person on June 26, 2025 under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. The time-based restricted stock units will fully vest on June 26, 2026. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events. |