SEC Form 4 · accession 0001437749-26-022046
Business First Bancshares, Inc. · BFST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William G. Hall
Director
Period of report
Jun 25, 2026
Accepted (ET)
Jun 29, 2026 · 6:19 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 STOCKF5,F1 | Jun 26, 2026 | M | 1,016 | — | A | 20,990 | D | |
| COMMON STOCKF2,F3 | holding | — | — | — | 14,939 | I | By: Align Opportunities, LP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4 | $0.00 | Jun 25, 2026 | A | 998 | A | — | — | Common Stock | 998 | 2,014 | D |
| Restricted Stock UnitsF5 | — | Jun 26, 2026 | M | 1,016 | D | — | — | Common Stock | 1,016 | 998 | D |
| Stock Options (Right to Buy)F6 | $24.45 | Oct 1, 2024 | A | 511 | A | — | Oct 16, 2029 | Common Stock | 511 | 511 | D |
| Stock Options (Right to Buy)F6 | $24.45 | Oct 1, 2024 | A | 767 | A | — | Jan 1, 2031 | Common Stock | 767 | 767 | D |
| Stock Options (Right to Buy)F6 | $24.45 | Oct 1, 2024 | A | 767 | A | — | Aug 17, 2032 | Common Stock | 767 | 767 | D |
Explanation of responses
- F1Includes 72 shares currently being held in escrow pursuant to the Agreement and Plan of Reorganization (the "Reorganization Agreement") by and between the issuer and Oakwood Bancshares, Inc. ("Oakwood").
- F2Includes 3,550 shares currently being held in escrow pursuant to the Reorganization Agreement by and between the issuer and Oakwood.
- F3The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F4Reflects 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.
- F5The 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.
- F6The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.