SEC Form 4 · accession 0001437749-26-022044
Business First Bancshares, Inc. · BFST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P. Ducrest
Director
Period of report
Jun 25, 2026
Accepted (ET)
Jun 29, 2026 · 6:18 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001624322
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF3 | Jun 26, 2026 | M | 1,016 | — | A | 14,732 | D | |
| COMMON STOCKF3,F4 | Jun 26, 2026 | D | 1,016 | — | D | 13,716 | D | |
| COMMON STOCK | holding | — | — | — | 6,036 | I | By spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Jun 25, 2026 | A | 998 | A | — | — | Common Stock | 998 | 2,014 | D |
| Restricted Stock UnitsF3 | $0.00 | Jun 26, 2026 | M | 1,016 | D | — | — | Common Stock | 1,016 | 998 | D |
Explanation of responses
- F1Reflects the grant of time-based restricted stock units to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026. The time-based restricted stock units will fully vest on June 25, 2027. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.
- F2The 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.
- F3The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.
- F4These shares were acquired upon the vesting of the time-based restricted stock units granted to the reporting person on June 26, 2025. 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.