BFST affiliate files Form 144 for multiple share sales

BFST reports proposed/resale transactions of Common Shares by an affiliate via a Form 144 notice.

Rhea-AI Filing Summary

BFST reports proposed/resale transactions of Common Shares by an affiliate via a Form 144 notice. The filing lists multiple proposed sales by George W. Cummings, with reported sale transactions of 200 shares on 03/02/2026, 9,800 shares on 03/03/2026, 11,000 shares on 03/04/2026, 11,000 shares on 03/05/2026, and 10,000 shares on 05/22/2026.

The filing shows the securities were originally acquired from the issuer in private transactions on various dates (examples include 07/06/2016, 01/21/2014, 06/20/2012, 07/07/2011). The notice identifies Goldman Sachs & Co. LLC as an intermediary on the filing cover. The document lists past sales and the seller's address; it does not state proceeds use or outstanding share totals.

Insights

Securities Attorney

Routine Form 144 resale notice showing multiple open-market dispositions by an affiliate.

The filing supplies dates and share counts for several transactions by George W. Cummings. Form 144 is a compliance notice used to report proposed sales by affiliates; it does not itself execute sales but notifies the broker and the market of intent to sell under Rule 144 conditions.

Key dependencies include whether the transactions meet Rule 144 holding-period and public information requirements; the filing lists acquisition dates indicating prior private purchases. Subsequent confirmations of actual sales and trade execution details would appear in broker reports or Form 4/Form 5 filings if required.

Key Figures

Sale on 03/02/2026: 200 shares Sale on 03/03/2026: 9,800 shares Sale on 03/04/2026: 11,000 shares +4 more

7 metrics

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

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

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

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

Sale on 05/22/2026 10,000 shares reported sale by George W. Cummings

Broker/intermediary Goldman Sachs & Co. LLC listed on filing cover

Example acquisition date 07/06/2016 shares acquired from issuer in private transaction

Key Terms

Form 144, acquired from issuer in private transaction, selling stockholder / resale notice

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.

acquired from issuer in private transaction financial

"Common Shares | 07/06/2016 | Acquired from issuer in private transaction"

selling stockholder / resale notice regulatory

"144: Securities To Be Sold"

FAQ

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

What does BFST's Form 144 filing disclose about George W. Cummings?

The filing discloses proposed or reported sales by George W. Cummings totaling individual trades of 200; 9,800; 11,000; 11,000; and 10,000 shares on specific dates in 2026. It lists his address and the trade dates as reported in the notice.

Do these Form 144 entries mean BFST issued new shares or dilution?

No. The Form 144 lists resale transactions by an affiliate, not an issuance by BFST. The entries show resale of previously acquired shares from private transactions; the filing does not register new shares or disclose dilution figures.

What acquisition history does the filing show for the sold shares?

The filing shows multiple acquisition dates indicating shares were acquired from the issuer in private transactions on 07/06/2016, 01/21/2014, 06/20/2012, and 07/07/2011. Those dates appear next to the listed share lots.

Who is the broker or intermediary named on the Form 144?

Goldman Sachs & Co. LLC is listed as the broker/intermediary on the filing cover. The notice identifies the firm and its address in connection with the proposed sales recorded on the Form 144.

Does the Form 144 state the proceeds or use of proceeds from the sales?

No. The filing provides share counts and sale dates but does not disclose proceeds amounts or how any proceeds would be used. Proceeds information is not included in the provided excerpt.

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

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Accepted by SEC EDGAR 05/27/2026 - 04:45 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	11595	326167.35	32677968	05/27/2026	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			1649	07/06/2016	None
Common Shares	01/21/2014	Acquired from issuer in private transaction	Issuer			829	01/21/2014	None
Common Shares	01/21/2014	Acquired from issuer in private transaction	Issuer			829	01/21/2014	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			829	01/21/2014	None
Common Shares	06/20/2012	Acquired from issuer in private transaction	Issuer			1326	06/20/2012	None
Common Shares	07/07/2011	Acquired from issuer in private transaction	Issuer			1326	07/07/2011	None
Common Shares	01/21/2014	Acquired from issuer in private transaction	Issuer			829	01/21/2014	None
Common Shares	06/20/2012	Acquired from issuer in private transaction	Issuer			1326	06/20/2012	None
Common Shares	07/07/2011	Acquired from issuer in private transaction	Issuer			1326	07/07/2011	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	03/02/2026	200	5560
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	03/04/2026	11000	303587
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	03/05/2026	11000	303270
George W. Cummings 500 Laurel Street Suite 101 Baton Rouge LA 70801	Common Shares	05/22/2026	10000	279633.23

144: Remarks and Signature

Remarks
Date of Notice	05/27/2026
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)