BFST Form 144: 10,000 Shares via Raymond James

BFST provides a Form 144 notice describing proposed sales of Common 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.

Insights

Securities Compliance Analyst

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.

Corporate Actions Specialist

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.

FAQ

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

What does BFST's Form 144 say about proposed sales through Raymond James?

The Form 144 lists 10,000 common shares to be sold via Raymond James & Associates with an aggregate dollar amount of $280,000.00. The entry includes a reported total share figure of 29,615,370 dated 03/02/2026.

Did any insider transact recently according to the filing for BFST?

Yes. The filing discloses that George Cummings III sold 20,000 common shares on 02/25/2026 for $560,056.00. That sale is listed under "Securities Sold During The Past 3 Months."

Does the Form 144 mention shares tied to a merger for BFST?

The excerpt shows an issuer-related entry of 277,969 common shares linked to a "Merger with Progressive Bancorp" dated 01/01/2026. The line identifies the party as "Issuer" and repeats the merger date.

What share count does BFST report as outstanding or total in the filing?

The filing includes the figure 29,615,370 adjacent to the broker entry and the date 03/02/2026, which appears to be the total share figure presented in the excerpt.

Are the cash‑flow recipients or use of proceeds specified in the Form 144 excerpt?

The excerpt provides aggregate dollar amounts ($280,000.00 and $560,056.00) but does not state who receives proceeds or how proceeds will be used; cash‑flow treatment is not specified in the provided lines.

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

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Accepted by SEC EDGAR 03/02/2026 - 02:02 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	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: 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	10000	280000.00	29615370	03/02/2026	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	01/01/2026	Merger with Progressive Bancorp	Issuer			277969	01/01/2026	Merger

* 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 Cummings III 3269 Deborah Dr Monroe LA 71201	Common	02/25/2026	20000	560056.00

144: Remarks and Signature

Remarks
Date of Notice	03/02/2026
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	Maressia Rooks-Bailey, as duly authorized representative of Raymond James & Associates, Inc., as attorney-in-fact for George W Cummings III
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)