BFST Form 144: Proposed sale of Common Shares

BFST filed a Form 144 notice reporting proposed sales of Common Shares.

Rhea-AI Filing Summary

BFST filed a Form 144 notice reporting proposed sales of Common Shares. The filing lists multiple recent dispositions by George W. Cummings, including 02/25/2026 (20,000 shares), 03/03/2026 (9,800 shares) and other sales in late February–early March 2026. The submission includes acquisition dates for lots being sold.

Insights

Securities Counsel

Form 144 records proposed resale of restricted/affiliate common stock and recent open-market dispositions.

Form 144 is the notice used to report proposed sales under resale limitations; the excerpt lists specific sale dates and share counts for George W. Cummings, such as 02/25/2026 (20,000 shares) and 03/05/2026 (11,000 shares). The filing also shows acquisition lot dates tied to those shares.

Payment/proceeds recipients and any conditions governing the proposed sales are not detailed in the excerpt; subsequent regulatory or transfer-agent processing will govern execution and reporting of any additional sales.

Key Figures

Sale on 02/25/2026: 20,000 shares Sale on 03/04/2026: 11,000 shares Sale on 03/03/2026: 9,800 shares +3 more

6 metrics

Sale on 02/25/2026 20,000 shares disposition by George W. Cummings

Sale on 03/04/2026 11,000 shares disposition by George W. Cummings

Sale on 03/03/2026 9,800 shares disposition by George W. Cummings

Sale on 03/02/2026 200 shares disposition by George W. Cummings

Sale on 03/05/2026 11,000 shares disposition by George W. Cummings

Acquisition lot date 07/06/2016 acquisition date shown for certain lots

Key Terms

Form 144, Common Shares, disposition

3 terms

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Common Shares financial

"144: Securities To Be Sold Common Shares | 07/06/2016"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

disposition financial

"144: Securities Sold During The Past 3 Months | George W. Cummings"

FAQ

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

What does BFST's Form 144 disclose about recent insider sales?

The Form 144 lists multiple dispositions by George W. Cummings, including 20,000 shares on 02/25/2026 and 11,000 shares on 03/05/2026. It provides exact sale dates and share counts for several transactions in late February–early March 2026.

Who is the selling party named in BFST's Form 144 filing?

The filing identifies George W. Cummings as a reporting seller and lists his recent sales with address details and share amounts, including sales dated 02/25/2026, 03/02/2026, and 03/04/2026.

Does the Form 144 show acquisition dates for the shares being sold?

Yes. The excerpt lists acquisition lot dates such as 07/06/2016, 01/10/2020, 06/20/2012, and 01/21/2014, indicating which lots are associated with the shares described in the notice.

Are the exact proceeds or purchasers disclosed in the BFST Form 144 excerpt?

The excerpt provides share counts and sale dates but does not set out buyer identities or explicit cash proceeds for the reported transactions; the filing focuses on the amounts and dates of dispositions.

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

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Accepted by SEC EDGAR 05/22/2026 - 05:04 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	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	10000	278400	32677968	05/22/2026	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	07/06/2016	Acquired from issuer in private transaction	Issuer			1657	07/06/2016	None
Common Shares	01/10/2020	Acquired from issuer in private transaction	Issuer			3692	01/10/2020	None
Common Shares	07/06/2016	Acquired from issuer in private transaction	Issuer			1658	07/06/2016	None
Common Shares	07/06/2016	Acquired from issuer in private transaction	Issuer			1658	07/06/2016	None
Common Shares	06/20/2012	Acquired from issuer in private transaction	Issuer			1326	06/20/2012	None
Common Shares	01/21/2014	Acquired from issuer in private transaction	Issuer			9	01/21/2014	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	02/25/2026	20000	560056
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	03/04/2026	11000	303587
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	03/03/2026	9800	268760
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	03/02/2026	200	5560
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	03/05/2026	11000	303270

144: Remarks and Signature

Remarks
Date of Notice	05/22/2026
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)