Norman Jerome Vascocu Jr - Mar 31, 2024 Form 4 Insider Report for Business First Bancshares, Inc. (BFST)

Role: EVP, CAO of b1Bank
Signature: /s/ Heather Roemer, as attorney-in-fact for Norman Jerome Vascocu, Jr.
Stock symbol: BFST
Transactions as of: Mar 31, 2024
Transactions value $: -$56,903
Form type: 4
Date filed: 4/2/2024, 04:27 PM
Previous filing: Feb 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFST	COMMON STOCK	Tax liability	-$56.9K	-2.55K	-9.31%	$22.28	24.9K	Mar 31, 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	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

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.