Kathryn Manning - Feb 1, 2023 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role
Chief Risk Officer
Signature
/s/ Heather Roemer, as attorney-in-fact for Kathryn Manning
Stock symbol
BFST
Transactions as of
Feb 1, 2023
Transactions value $
$200,182
Form type
4
Date filed
2/3/2023, 07:51 PM
Previous filing
May 9, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Award $200K +9.65K +396.88% $20.74 12.1K Feb 1, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the grant of restricted stock to reporting person. The terms of the restricted stock grant are described in footnote 2 below.
F2 Includes (a) 237 shares of unvested restricted stock granted on 2/1/2021, which will vest on 3/31/2023, (b) 760 shares of unvested restricted stock granted on 2/1/2022, of which 380 shares will vest on 3/31/2023, and the remaining 380 shares will vest on 3/31/2024, and (c) 9,652 shares of unvested restricted stock granted on 2/1/2023, of which 3,185 shares will vest on 3/31/2023, 3,185 shares will vest on 3/31/2024, and the remaining 3,282 shares will vest on 3/31/2025. 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.
F3 Includes 997 shares that were inadvertently omitted from the reporting person's Form 3 filed on May 9, 2022.