BFST Form 144: Affiliate Sales After Merger

BFST filed a Form 144 disclosing affiliate sales of common stock following a merger.

Accepted by SEC EDGAR 03/04/2026 - 10:27 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

BFST filed a Form 144 disclosing affiliate sales of common stock following a merger.

The filing records a merger with Progressive Bancorp effective 01/01/2026 and lists three transactions by George Cummings III: 20,000 shares on 02/25/2026 for $560,056; 200 shares on 03/02/2026 for $5,560; and 9,800 shares on 03/03/2026 for $268,760. The filing names Raymond James & Associates and references NASDAQ.

FAQ

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

What does BFST's Form 144 disclose about the merger?

The Form 144 records a merger with Progressive Bancorp effective 01/01/2026. The filing links that merger date to the issuer's securities information and subsequent affiliate sales disclosed in the same filing.

How many shares did George Cummings III sell in the past three months for BFST?

The filing lists three sales by George Cummings III: 20,000, 200, and 9,800 shares. Each sale is dated and shown with the corresponding proceeds in the Form 144 excerpt.

What proceeds are reported for the individual sales in BFST's filing?

Reported proceeds are $560,056 for 20,000 shares (02/25/2026), $5,560 for 200 shares (03/02/2026), and $268,760 for 9,800 shares (03/03/2026). These figures appear alongside each transaction entry.

Which broker-dealer is named in the BFST Form 144 filing?

The filing names Raymond James & Associates with an address in St. Petersburg, FL. That broker-dealer entry appears in the securities-to-be-sold section of the provided excerpt.

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

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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	11000	302500.00	32810000	03/04/2026	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
George Cummings III 3269 Deborah Dr Monroe LA 71201	Common	03/02/2026	200	5560.00
George Cummings III 3269 Deborah Dr Monroe LA 71201	Common	03/03/2026	9800	268760.00

144: Remarks and Signature

Remarks
Date of Notice	03/04/2026
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)