Business First (NASDAQ: BFST) director lines up new share sale after recent stock disposals

Rhea-AI Filing Summary

Business First Bancshares, Inc. (BFST) director George W. Cummings III filed an amended Form 144 notice covering the planned sale of BFST common stock through Raymond James & Associates on NASDAQ. The notice references 11,000 common shares with a related dollar amount of $303,270.00 and another figure of 32,810,000 with date 03/05/2026. Cummings reports holding BFST shares acquired in connection with the 01/01/2026 merger of Progressive Bancorp, Inc. with and into BFST, including 358,775 shares obtained in exchange for 54,114 Progressive Bancorp shares. The filing also lists sales of BFST common stock during the prior three months: 20,000 shares for $560,056.00 on 02/25/2026, 200 shares for $5,560.00 on 03/02/2026, 9,800 shares for $268,760.00 on 03/03/2026, and 11,000 shares for $303,587.00 on 03/04/2026. The amended notice is dated 08/28/2026 and states that Table 1 (Securities to be Sold) has been revised.

Key Figures

BFST common shares tied to transaction line: 11,000 shares Related dollar amount for 11,000 BFST shares: $303,270.00 Additional BFST-related figure in Securities Information: 32,810,000 +5 more

8 metrics

BFST common shares tied to transaction line 11,000 shares Securities Information section, with related amount $303,270.00 and NASDAQ

Related dollar amount for 11,000 BFST shares $303,270.00 Securities Information row with 11,000 BFST common shares

Additional BFST-related figure in Securities Information 32,810,000 Appears alongside 11,000 shares and date 03/05/2026 for BFST common

BFST shares acquired in merger 358,775 shares Acquired 01/01/2026 in exchange for 54,114 Progressive Bancorp, Inc. shares

Progressive Bancorp shares exchanged 54,114 shares Exchanged for 358,775 BFST shares in merger completed 01/01/2026

Sale on 02/25/2026 20,000 shares; $560,056.00 BFST common stock sold by George W. Cummings III during past 3 months

Sale on 03/03/2026 9,800 shares; $268,760.00 BFST common stock sold by George W. Cummings III

Sale on 03/04/2026 11,000 shares; $303,587.00 BFST common stock sold by George W. Cummings III

Key Terms

Rule 144, Form 144, Securities to be Sold, Merger with Progressive Bancorp, Inc., +1 more

5 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.

Form 144 regulatory

"144/A: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Securities to be Sold financial

"144/A: Securities To Be Sold"

Merger with Progressive Bancorp, Inc. financial

"Merger with Progressive Bancorp, Inc."

Common financial

"Common | Raymond James & Associates 880 Carillon Parkway"

FAQ

What does the Form 144/A filing disclose for Business First Bancshares, Inc. (BFST)?

It discloses an amended notice by director George W. Cummings III relating to planned sales of BFST common stock, including details on 11,000 shares tied to a dollar amount of $303,270.00 and prior three-month sales of BFST shares.

How many BFST shares related to the Progressive Bancorp merger does the insider report?

The filing reports 358,775 BFST common shares acquired on 01/01/2026, obtained in exchange for 54,114 shares of Progressive Bancorp, Inc. common stock in connection with the merger of Progressive with and into Business First Bancshares, Inc.

What BFST share sales has George W. Cummings III reported in the last three months?

He reported sales of 20,000 shares for $560,056.00 on 02/25/2026, 200 shares for $5,560.00 on 03/02/2026, 9,800 shares for $268,760.00 on 03/03/2026, and 11,000 shares for $303,587.00 on 03/04/2026.

Which broker is named for the BFST stock sale in this Form 144/A?

The filing lists Raymond James & Associates, located at 880 Carillon Parkway, St. Petersburg, FL 33716, in connection with BFST common stock transactions on NASDAQ.

When is the amended Form 144 notice for BFST dated and what was changed?

The notice is dated 08/28/2026. It states that it “amends and supersedes” a prior notice filed on March 5, 2026 and that Table 1 (Securities to be Sold) has been amended.

What large BFST-related figure besides share sales appears in this filing?

One securities information row shows the BFST common line with 11,000 shares, a dollar amount of $303,270.00, another figure of 32,810,000, the date 03/05/2026, and the market NASDAQ.

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Available on EDGAR 08/28/2026 - 04:28 PM Accepted by SEC EDGAR 08/28/2026 - 04:27 PM 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	0001974078-26-000095
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	225-248-7600
Name of Person for Whose Account the Securities are To Be Sold	Cummings George W. III
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	Raymond James & Associates 880 Carillon Parkway St. Petersburg FL 33716	11000	303270.00	32810000	03/05/2026	NASDAQ

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	01/01/2026	Merger with Progressive Bancorp, Inc.	Issuer			358775	01/01/2026	Acquired in exchange for 54,114 shares of Progressive Bancorp, Inc. in connection with the merger of Progressive with and into the Issuer.

* 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 III 3269 Deborah Dr Monroe LA 71201	Common	02/25/2026	20000	560056.00
George W. Cummings III 3269 Deborah Dr Monroe LA 71201	Common	03/02/2026	200	5560.00
George W. Cummings III 3269 Deborah Dr Monroe LA 71201	Common	03/03/2026	9800	268760.00
George W. Cummings III 3269 Deborah Dr Monroe LA 71201	Common	03/04/2026	11000	303587.00

144/A: Remarks and Signature

Remarks	This Form 144/A amends and supersedes the Form 144 filed on March 5, 2026. Table 1 (Securities to be Sold) has been amended.
Date of Notice	08/28/2026
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	/s/ George W. Cummings III
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)