Form 4 for BFST Business First Bancshares, Inc.

Accepted 2025-12-16 00:00:00 ET · period of report 2025-12-12 · accession 0001437749-25-038059 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2025-12-16	2025-12-12	BFST	JORDAN PHILIP	EVP, CBO of b1Bank	D - Sale to Iss	$27.71	-1,833	80.6K	-2%	-$50.8K
D	2025-12-16	2025-12-12	BFST	JORDAN PHILIP	EVP, CBO of b1Bank	M - OptEx	—	+1,833	82.5K	+2%	—
D	2025-12-16	2025-12-12	BFST	JORDAN PHILIP	EVP, CBO of b1Bank	M - OptEx	—	-1,833	9,560	-16%	—

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	COMMON STOCK	2025-12-12	D	D	1,833	$27.71	80,642	D	—	—	(F5) These shares were acquired upon the partial vesting of the previously reported time-based restricted stock units granted to the reporting person on December 12, 2024. The reporting person has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan (the "Deferred Compensation Plan"). In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, on the first business day following the month in which the reporting person's separation of service, death, or disability occurs. (F1) Includes 3,776 shares of unvested restricted stock granted on February 1, 2024, which will vest on March 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. (F2) Includes 4,000 shares of common stock of the issuer held by the reporting person's investment retirement account and units of the employer stock fund through the issuer's 401(k) plan equivalent to approximately 14,993 shares of common stock of the issuer.
2	Common	COMMON STOCK	2025-12-12	M	A	1,833	—	82,475	D	—	—	(F3) The reporting person received an award of 5,555 time-based restricted stock units on December 12, 2024, vesting on three substantially equal installments on the first, second, and third anniversary of the issuance date. (F1) Includes 3,776 shares of unvested restricted stock granted on February 1, 2024, which will vest on March 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. (F2) Includes 4,000 shares of common stock of the issuer held by the reporting person's investment retirement account and units of the employer stock fund through the issuer's 401(k) plan equivalent to approximately 14,993 shares of common stock of the issuer.
3	Derivative	Restricted Stock Units	2025-12-12	M	D	1,833	—	9,560	D	— · — to —	1,833 Common Stock	(F3) The reporting person received an award of 5,555 time-based restricted stock units on December 12, 2024, vesting on three substantially equal installments on the first, second, and third anniversary of the issuance date. (F4) Includes: (a) 3,722 time-based restricted stock units granted to the reporting person on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; and (b) 5,838 restricted stock units granted to the reporting person on March 1, 2025, of which 1,926 shares will vest on March 1, 2026, 1,926 shares will vest on March 1, 2027, and the remaining 1,986 shares will vest on March 1, 2028.