BFST holder plans sale of 20,000 common shares

BFST shareholder George W. Cummings filed to sell up to 20,000 Common Shares through Goldman Sachs & Co. LLC, with an indicated aggregate market value of $641,600 and a proposed sale date of July 28, 2026.

Rhea-AI Filing Summary

BFST shareholder George W. Cummings filed to sell up to 20,000 Common Shares through Goldman Sachs & Co. LLC, with an indicated aggregate market value of $641,600 and a proposed sale date of July 28, 2026.

The 20,000 shares were originally acquired from the issuer in a private transaction on October 2, 2000. Over the prior three months, Cummings reported multiple BFST Common Share sales: 10,000 shares for $279,633.23 on May 22, 2026; 11,595 shares for $323,358.17 on May 27, 2026; 15,000 shares for $427,713.17 on June 8, 2026; 445 shares for $12,918.93 on June 9, 2026; and 5,000 shares for $143,768.03 on June 11, 2026.

Key Figures

Planned shares to be sold: 20,000 shares Aggregate market value of planned sale: $641,600 Proposed sale date: 07/28/2026 +5 more

8 metrics

Planned shares to be sold 20,000 shares Common Shares covered by the Form 144

Aggregate market value of planned sale $641,600 Estimated for the 20,000 Common Shares to be sold

Proposed sale date 07/28/2026 Planned date for sale of 20,000 shares

Original acquisition date 10/02/2000 Date shares were acquired from issuer in private transaction

Sale on 05/22/2026 10,000 shares; $279,633.23 BFST Common Shares sold by George W. Cummings

Sale on 05/27/2026 11,595 shares; $323,358.17 BFST Common Shares sold by George W. Cummings

Sale on 06/08/2026 15,000 shares; $427,713.17 BFST Common Shares sold by George W. Cummings

Sale on 06/11/2026 5,000 shares; $143,768.03 BFST Common Shares sold by George W. Cummings

Key Terms

Form 144, Common Shares, private transaction, aggregate market value

4 terms

Form 144 regulatory

"Filer Information | | | 144: 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.

Common Shares financial

"Common Shares | Goldman Sachs & Co. LLC 200 West Street"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

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.

aggregate market value financial

"Common Shares | Goldman Sachs & Co. LLC ... | 641600 |"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

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

How many BFST shares are planned to be sold under this Form 144?

The filing covers a planned sale of 20,000 Common Shares of BFST. These shares are to be sold through Goldman Sachs & Co. LLC, with an indicated aggregate market value of $641,600 and a proposed sale date of July 28, 2026.

Who is the BFST shareholder filing the Form 144 and which broker is used?

The Form 144 is filed by George W. Cummings, relating to BFST Common Shares. The planned sale of 20,000 shares is to be executed through Goldman Sachs & Co. LLC, located at 200 West Street, New York, NY 10282.

When and how were the BFST shares originally acquired by the filer?

The 20,000 BFST Common Shares were acquired from the issuer in a private transaction on October 2, 2000. This original acquisition date and method are disclosed in the securities acquisition section of the Form 144.

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

Cummings reported BFST sales of 10,000 shares for $279,633.23 on May 22, 2026 and 11,595 shares for $323,358.17 on May 27, 2026, plus several additional June 2026 transactions disclosed in the three‑month sales section.

What BFST sales did George W. Cummings make in June 2026?

In June 2026, Cummings sold 15,000 BFST shares for $427,713.17 on June 8, 445 shares for $12,918.93 on June 9, and 5,000 shares for $143,768.03 on June 11, as reported in the Form 144.

What is the proposed sale date for the 20,000 BFST shares in this filing?

The proposed sale date for the 20,000 BFST Common Shares covered by this Form 144 is July 28, 2026. This date appears in the securities information section alongside the estimated aggregate market value of $641,600.

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

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Available on EDGAR 07/28/2026 - 05:00 PM Accepted by SEC EDGAR 07/28/2026 - 04:59 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

144: Filer Information

Filer CIK	0002106698
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: 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: 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	20000	641600	32535659	07/28/2026	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: 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	10/02/2000	Acquired from issuer in private transaction	Issuer			20000	10/02/2000	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: 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
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	06/09/2026	445	12918.93
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	06/10/2026	15000	432927.07
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	06/11/2026	5000	143768.03

144: Remarks and Signature

Remarks
Date of Notice	07/28/2026
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	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)