BFST (NASDAQ) Form 144 shows 10,000-share sale; merger line records 277,969 shares
Rhea-AI Filing Summary
BFST provides a Form 144 notice describing proposed sales of Common shares. The filing lists 10,000 shares handled by Raymond James & Associates with an aggregate dollar amount of $280,000.00 and references a total share figure of 29,615,370 as of 03/02/2026. The filing also shows an issuer-related entry of 277,969 shares in connection with a merger dated 01/01/2026, and discloses that George Cummings III sold 20,000 common shares on 02/25/2026 for $560,056.00.
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Insights
Form 144 lists proposed brokered sale and recent insider disposition.
The notice identifies 10,000 common shares to be sold through Raymond James with an aggregate dollar amount of $280,000.00 and a reported total share figure of 29,615,370 as of 03/02/2026. The excerpt also records a prior sale by George Cummings III of 20,000 shares on 02/25/2026 for $560,056.00.
Timing and transfer method are shown by date entries; cash‑flow treatment and whether the merger shares were registered under Rule 144 are not detailed in the excerpt. Subsequent filings or broker confirmations would clarify settlement and exemption reliance.
Merger-related share movement is recorded but not fully described.
The filing includes an issuer-related line connecting 277,969 shares to a "Merger with Progressive Bancorp" dated 01/01/2026. That line labels the party as "Issuer" and provides the same date, indicating corporate transaction activity.
Details such as whether those shares were issued, distributed, or sold under Rule 144 are not stated in the excerpt; follow-on disclosure or the merger agreement would specify mechanics and cash flows.