David R. Melville III - May 10, 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
May 10, 2023
Transactions value $
$70,529
Form type
4
Date filed
5/12/2023, 05:24 PM
Previous filing
Apr 4, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFST COMMON STOCK Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $70.5K +5.05K +2.31% $13.98 223K May 10, 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 Represents the discretionary acquisition of units of employer stock fund through issuer's 401(k) plan.
F2 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.
F3 Includes units of employer stock fund through issuer's 401(k) plan equivalent to approximately 11,603 shares.