Form 4 for BFST Business First Bancshares, Inc.
Accepted 2026-03-03 00:00:00 ET · period of report 2026-03-01 · accession 0001437749-26-006728 · 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 | 2026-03-03 | 2026-03-01 | BFST | MELVILLE DAVID R. III | Pres, CEO, Dir | M - OptEx | — | +5,376 | 218.6K | +3% | — |
| D | 2026-03-03 | 2026-03-01 | BFST | MELVILLE DAVID R. III | Pres, CEO, Dir | D - Sale to Iss | $27.30 | -5,376 | 213.2K | -2% | -$146.8K |
| D | 2026-03-03 | 2026-03-01 | BFST | MELVILLE DAVID R. III | Pres, CEO, Dir | M - OptEx | — | -5,376 | 20.9K | -20% | — |
| DM | 2026-03-03 | 2026-03-02 | BFST | MELVILLE DAVID R. III | Pres, CEO, Dir | A - Grant | — | +16.4K | 24.2K | +210% | — |
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 | 2026-03-01 | M | A | 5,376 | — | 218,557 | D | — | — | (F3) The reporting person received an award of 16,293 time-based restricted stock units on March 1, 2025, vesting in three substantially equal installments on the first, second, and third anniversary of the issuance date. (F1) Includes 10,103 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 units of the employer stock fund through the issuer's 401(k) plan equivalent to approximately 13,786 shares of common stock of the issuer and 96,288 pledged shares of common stock of the issuer. |
| 2 | Common | COMMON STOCK | 2026-03-01 | D | D | 5,376 | $27.30 | 213,181 | D | — | — | (F4) These shares were acquired upon the partial vesting of the previously reported time-based restricted stock units granted to the reporting person on March 1, 2025. 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 10,103 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 units of the employer stock fund through the issuer's 401(k) plan equivalent to approximately 13,786 shares of common stock of the issuer and 96,288 pledged shares of common stock of the issuer. |
| 3 | Derivative | Restricted Stock Units | 2026-03-01 | M | D | 5,376 | — | 20,945 | D | — · — to — | 5,376 Common Stock | (F3) The reporting person received an award of 16,293 time-based restricted stock units on March 1, 2025, vesting in three substantially equal installments on the first, second, and third anniversary of the issuance date. |
| 4 | Derivative | Restricted Stock Units | 2026-03-02 | A | A | 13,121 | — | 37,346 | D | $0.00 · — to — | 13,121 Common Stock | (F6) Reflects the grant of 13,121 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 4,373 shares will vest on March 2, 2027, 4,373 shares will vest on March 2, 2028, and the remaining 4,375 shares will vest on March 2, 2029. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. The reporting person has irrevocably elected to defer the reported securities under 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. (F7) Includes: (a) 10,028 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; (b) 10,917 time-based restricted stock units granted to the reporting person on March 1, 2025, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (c) 3,280 time-based restricted stock units granted to the reporting person on March 2, 2026, which will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date; and (d) 13,121 time-based restricted stock units granted to the reporting person on March 2, 2026, which will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date. |
| 5 | Derivative | Restricted Stock Units | 2026-03-02 | A | A | 3,280 | — | 24,225 | D | $0.00 · — to — | 3,280 Common Stock | (F5) Reflects the grant of 3,280 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 1,093 shares will vest on March 2, 2027, 1,093 shares will vest on March 2, 2028, and the remaining 1,094 shares will vest on March 2, 2029. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. |