Business First director amends planned stock sales

The filing also lists BFST common-stock sales by George W. Cummings on May 22 and May 27 and June 8, 2026, with aggregate values noted.

Rhea-AI Filing Summary

Business First Bancshares, Inc. (BFST) is the issuer in an amended Form 144 notice filed for planned and recent sales of its common shares by director George W. Cummings. Goldman Sachs & Co. LLC is identified as broker.

The amendment updates the table of Securities To Be Sold, showing planned sales of common shares that were acquired from the issuer in private transactions on May 3, 2018 and May 8, 2018. The notice also lists sales of BFST common shares by George W. Cummings during the past three months, including transactions on May 22, 2026, May 27, 2026, and June 8, 2026, with corresponding aggregate sale values reported.

Key Figures

Common shares to be sold (acquired 05/03/2018): 13,588 shares Common shares to be sold (acquired 05/08/2018): 6,857 shares Shares sold 05/22/2026: 10,000 shares +5 more

8 metrics

Common shares to be sold (acquired 05/03/2018) 13,588 shares BFST common shares acquired from issuer in private transaction on May 3, 2018

Common shares to be sold (acquired 05/08/2018) 6,857 shares BFST common shares acquired from issuer in private transaction on May 8, 2018

Shares sold 05/22/2026 10,000 shares BFST common shares sold by George W. Cummings during past 3 months

Aggregate sale value 05/22/2026 $279,633.23 Aggregate value of 10,000 BFST common shares sold 05/22/2026

Shares sold 05/27/2026 11,595 shares BFST common shares sold by George W. Cummings during past 3 months

Aggregate sale value 05/27/2026 $323,358.17 Aggregate value of 11,595 BFST common shares sold 05/27/2026

Shares sold 06/08/2026 15,000 shares BFST common shares sold by George W. Cummings during past 3 months

Aggregate sale value 06/08/2026 $427,713.17 Aggregate value of 15,000 BFST common shares sold 06/08/2026

Key Terms

Rule 144, private transaction, Securities To Be Sold, aggregate sale values

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

private transaction financial

"Acquired from issuer in private transaction"

A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.

Securities To Be Sold financial

"Amendment to the filing submitted on 06/09/2026 in order to amend Table I: Securities To Be Sold."

aggregate sale values financial

"with corresponding aggregate sale values reported."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does this Form 144/A filing relate to for BFST?

It relates to an amended notice of proposed sales of Business First Bancshares, Inc. (BFST) common shares by director George W. Cummings, with Goldman Sachs & Co. LLC acting on his behalf under Rule 144 resale provisions.

Who is the selling security holder in this BFST Form 144/A?

The selling security holder is George W. Cummings, identified as a director of Business First Bancshares, Inc., with Goldman Sachs & Co. LLC signing the notice on his behalf.

How many BFST shares are listed as securities to be sold in this amendment?

The amended table lists planned sales of 13,588 common shares acquired on May 3, 2018 and 6,857 common shares acquired on May 8, 2018, both originally acquired from the issuer in private transactions.

What BFST shares has George W. Cummings sold in the past three months?

The notice reports sales of 10,000 BFST common shares on May 22, 2026, 11,595 shares on May 27, 2026, and 15,000 shares on June 8, 2026, with aggregate sale values listed for each transaction.

What is the purpose of this amendment to the BFST Form 144 filing?

The remark states that this is an amendment to the filing submitted on 06/09/2026 in order to amend Table I: Securities To Be Sold, updating the information about the BFST common shares proposed for sale.

When was the notice date for this amended Form 144/A for BFST?

The notice date for this amended Form 144/A related to Business First Bancshares, Inc. (BFST) is reported as September 1, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/01/2026 - 06:45 PM EDT Accepted by SEC EDGAR 09/01/2026 - 06:45 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK	0002106698
Filer CCC	XXXXXXXX
Previous Accession Number Of The Filing	0001958244-26-000357
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer	Business First Bancshares, Inc.
SEC File Number	001-38447
Address of Issuer	500 Laurel Street Suite 101 Baton Rouge LOUISIANA 70801
Phone	1-225-248-7600
Name of Person for Whose Account the Securities are To Be Sold	George W. Cummings
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Shares	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	20445	586567.05	32677968	06/09/2026	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Shares	05/03/2018	Acquired from issuer in private transaction	Issuer			13588	05/03/2018	None
Common Shares	05/08/2018	Acquired from issuer in private transaction	Issuer			6857	05/08/2018	None

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	05/22/2026	10000	279633.23
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	05/27/2026	11595	323358.17
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	06/08/2026	15000	427713.17

144/A: Remarks and Signature

Remarks	Amendment to the filing submitted on 06/09/2026 in order to amend Table I: Securities To Be Sold.
Date of Notice	09/01/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Goldman Sachs & Co. LLC on behalf of George W. Cummings
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)