David R. Melville III - Mar 31, 2023 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: President and CEO, Director
Signature: /s/ Heather Roemer, as attorney-in-fact for David R. Melville III
Stock symbol: BFST
Transactions as of: Mar 31, 2023
Transactions value $: -$170,700
Form type: 4
Date filed: 4/4/2023, 04:18 PM
Previous filing: Feb 3, 2023
Next filing: May 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFST	COMMON STOCK	Tax liability	-$171K	-9.97K	-4.37%	$17.13	218K	Mar 31, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Includes (a) 8,216 shares of unvested restricted stock granted on 2/1/2022, which will vest on 3/31/2024, and (b) 30,532 shares of restricted stock granted on 2/1/2023, of which 15,038 shares will vest on 3/31/2024 and the remaining 15,494 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.
F2	Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 6,558 shares.

Content

Includes (a) 8,216 shares of unvested restricted stock granted on 2/1/2022, which will vest on 3/31/2024, and (b) 30,532 shares of restricted stock granted on 2/1/2023, of which 15,038 shares will vest on 3/31/2024 and the remaining 15,494 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.

Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 6,558 shares.