Business First Bancshares director proposes $584K sale

The proposed shares are allocated between George Cummings IRA BRKG and Cummings JT BKRG.

Rhea-AI Filing Summary

Business First Bancshares, Inc. (BFST) common shares are covered by director George W. Cummings’s proposed sale of 18,373 shares, with an aggregate market value of $583,710.21. Goldman Sachs & Co. LLC is listed as broker. The proposed shares are allocated as 3,373 from George Cummings IRA BRKG and 15,000 from Cummings JT BKRG. Cummings also reported sales of 10,000 shares on July 29, 2026, and 10,000 shares on August 24, 2026, during the prior three months.

Key Figures

Proposed common shares: 18,373 shares Aggregate market value: $583,710.21 Shares outstanding: 32,345,723 shares +1 more

4 metrics

Proposed common shares 18,373 shares Proposed sale by George W. Cummings

Aggregate market value $583,710.21 Proposed sale

Shares outstanding 32,345,723 shares Common shares outstanding figure in the sale information

Past sale 3,235 shares George W. Cummings sale on August 19, 2026

Key Terms

Rule 144, person, private transaction

3 terms

Rule 144 regulatory

"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.

person regulatory

"definition of "person" in paragraph (a) of Rule 144"

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.

FAQ

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

How many BFST shares did director George W. Cummings propose to sell?

Director George W. Cummings proposed to sell 18,373 Business First Bancshares common shares, with an aggregate market value of $583,710.21. Goldman Sachs & Co. LLC is listed as broker for the proposed sale.

What BFST share sales by George W. Cummings are listed for the prior three months?

George W. Cummings’s listed sales were 10,000 shares on July 29, 2026; 10,000 on July 30; 10,000 on July 31; 10,000 on August 3; 10,000 on August 18; 3,235 on August 19; 4,200 on August 21; and 10,000 on August 24.

How are George W. Cummings’s proposed BFST shares allocated?

The proposed sale allocates 3,373 shares to George Cummings IRA BRKG and 15,000 shares to Cummings JT BKRG.

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

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Available on EDGAR 10/29/2026 - 04:37 PM EDT Accepted by SEC EDGAR 10/29/2026 - 04:37 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

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	18373	583710.21	32345723	10/29/2026	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	05/08/2018	Acquired from issuer in private transaction	Issuer			8074	05/08/2018	None
Common Shares	06/12/2012	Acquired from issuer in private transaction	Issuer			1326	06/12/2012	None
Common Shares	07/07/2011	Acquired from issuer in private transaction	Issuer			663	07/07/2011	None
Common Shares	07/07/2011	Acquired from issuer in private transaction	Issuer			1326	07/07/2011	None
Common Shares	07/07/2011	Acquired from issuer in private transaction	Issuer			663	07/07/2011	None
Common Shares	03/23/2007	Acquired from issuer in private transaction	Issuer			133	03/23/2007	None
Common Shares	08/07/2007	Acquired from issuer in private transaction	Issuer			133	08/07/2007	None
Common Shares	05/14/2007	Acquired from issuer in private transaction	Issuer			285	05/14/2007	None
Common Shares	08/15/2007	Acquired from issuer in private transaction	Issuer			2397	08/15/2007	None
Common Shares	01/14/2000	Acquired from issuer in private transaction	Issuer			3373	01/14/2000	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	07/29/2026	10000	318533.43
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	07/30/2026	10000	320490.39
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	07/31/2026	10000	314681.51
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	08/03/2026	10000	318434.43
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	08/18/2026	10000	317487.45
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	08/19/2026	3235	102766.71
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	08/21/2026	4200	131184.71
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	08/24/2026	10000	312965.54

144: Remarks and Signature

Remarks	3,373 shares to be sold out of George Cummings IRA BRKG. 15,000 shares to be sold our of Cummings JT BKRG.
Date of Notice	10/29/2026
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)