Business First Bancshares holder may sell 12,000 shares

Business First Bancshares, Inc. has a holder planning to sell up to 12,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate value of $373,920.00 on or after July 28, 2026 on Nasdaq.

Rhea-AI Filing Summary

Business First Bancshares, Inc. has a holder planning to sell up to 12,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate value of $373,920.00 on or after July 28, 2026 on Nasdaq.

The shares were originally acquired on May 1, 2020 in connection with the merger of Pedestal Bancshares, Inc. with and into Business First Bancshares, Inc., where 332,563 shares were received in exchange for 190,582 shares of Pedestal Bancshares, Inc.

Key Figures

Planned shares to be sold: 12,000 shares Aggregate value of planned sale: $373,920.00 Shares received in merger: 332,563 shares +2 more

5 metrics

Planned shares to be sold 12,000 shares Common stock to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services

Aggregate value of planned sale $373,920.00 Total value associated with the planned sale of 12,000 common shares

Shares received in merger 332,563 shares Business First Bancshares shares received on May 1, 2020 in Pedestal Bancshares merger

Pedestal shares exchanged 190,582 shares Pedestal Bancshares, Inc. shares exchanged for Business First Bancshares shares in merger

Planned sale date 07/28/2026 Date associated with the planned sale of 12,000 common shares on Nasdaq

Key Terms

Executive Financial Services, merger, common stock

3 terms

Executive Financial Services financial

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

merger financial

"Acquired in exchange for 190,582 shares of Pedestal Bancshares, Inc. in connection with the merger"

A merger is when two companies combine into a single business, with ownership and control reorganized so they operate as one entity. For investors it matters because mergers can change the value and risk of holdings—shares may be exchanged, diluted, or rise if the combined company saves costs or gains market power, and the deal often depends on regulatory approval and successful integration like two households joining resources and routines.

common stock financial

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What share sale is disclosed for Business First Bancshares (BFST)?

A holder plans to sell up to 12,000 shares of Business First Bancshares common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate value of $373,920.00 on or after July 28, 2026 on Nasdaq.

How many Business First Bancshares (BFST) shares did the holder originally receive in the merger?

The holder originally received 332,563 shares of Business First Bancshares common stock on May 1, 2020, in connection with the merger of Pedestal Bancshares, Inc. with and into Business First Bancshares, Inc.

What was exchanged for the Business First Bancshares (BFST) shares in the Pedestal merger?

The 332,563 Business First Bancshares shares were acquired in exchange for 190,582 shares of Pedestal Bancshares, Inc. as part of the merger completed on May 1, 2020.

Through which broker are the Business First Bancshares (BFST) shares expected to be sold?

The 12,000 Business First Bancshares shares are expected to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services, based at 1 New York Plaza, 8th Floor, New York, NY 10004.

On which exchange are the Business First Bancshares (BFST) shares planned to be sold?

The planned sale of up to 12,000 shares of Business First Bancshares common stock is listed for trading on the Nasdaq market.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 07/27/2026 - 03:56 PM Accepted by SEC EDGAR 07/27/2026 - 03:56 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	0001811639
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	225-248-7600
Name of Person for Whose Account the Securities are To Be Sold	Johnson Joseph Vernon
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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	12000	373920.00	32677968	07/28/2026	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: 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	05/01/2020	Merger	Business First Bancshares, Inc.			332563	05/01/2020	Acquired in exchange for 190,582 shares of Pedestal Bancshares, Inc. in connection with the merger of Pedestal 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: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	07/27/2026
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/ Fenimore Kay Harrison LLP, as attorney-in-fact for Joseph Vernon Johnson
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)