Business First Bancshares (BFST) entities sell 11,389 insider shares
Rhea-AI Filing Summary
Business First Bancshares, Inc. director William G. Hall reported indirect open-market sales totaling 11,389 shares of Common Stock on August 5, 2026, at a weighted average price of $31.97 per share, executed in multiple trades between $31.90 and $32.05. The sales were made by entities Align Capital, LLC and Align Opportunities, LP, and Hall disclaims beneficial ownership of those securities except to the extent of his pecuniary interest. After these trades, Align Opportunities, LP continues to hold 3,550 shares in escrow under a reorganization agreement, while Hall holds 20,990 shares of Common Stock directly (including 72 in escrow), 998 unvested restricted stock units vesting June 25, 2027, and stock options exercisable at $24.45 over 511, 767 and 767 underlying shares expiring in 2029, 2031 and 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,389 shares
Net Sell
7 txns
Insider
Hall William G.
Role
Director
Sold
11,389 shs ($364K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F5 | 9,723 | $31.97 | $311K |
| Sale | Common Stock F2, F4, F5 | 1,666 | $31.97 | $53K |
| holding | Restricted Stock Units F6 | -- | -- | -- |
| holding | Stock Options (Right to Buy) F7 | -- | -- | -- |
| holding | Stock Options (Right to Buy) F7 | -- | -- | -- |
| holding | Stock Options (Right to Buy) F7 | -- | -- | -- |
| holding | COMMON STOCK F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By: Align Capital, LLC);
Common Stock — 3,550 shares (Indirect, By: Align Opportunities, LP);
Restricted Stock Units — 998 shares (Direct);
Stock Options (Right to Buy) — 2,045 shares (Direct);
COMMON STOCK — 20,990 shares (Direct)
Footnotes (7)
- F1. The shares of common stock were transferred from Align Opportunities, LP to Align Capital, LLC in November 2024 in a transaction exempt from Section 16 pursuant to Rule 16a-13.
- F2. This transaction was executed in multiple trades at prices ranging from $31.90 to $32.05. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a securityholder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3. Includes 72 shares currently being held in escrow pursuant to the Agreement and Plan of Reorganization (the "Reorganization Agreement") by and between the issuer and Oakwood Bancshares, Inc. ("Oakwood").
- F4. The 3,550 shares are being held in escrow pursuant to the Reorganization Agreement by and between the issuer and Oakwood.
- F5. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F6. The time-based restricted stock units were granted to the reporting person on June 25, 2026, under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. The time-based restricted stock units will fully vest on June 25, 2027. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.
- F7. The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.
Key Figures
Shares sold: 11,389 shares of Common Stock
Weighted average sale price: $31.97 per share
Sale price range: $31.90–$32.05 per share
+5 more
8 metrics
Shares sold
11,389 shares of Common Stock
Total indirect sales by entities on 2026-08-05
Weighted average sale price
$31.97 per share
Average price for BFST shares sold on 2026-08-05
Sale price range
$31.90–$32.05 per share
Range of execution prices for August 5, 2026 sales
Direct common stock holdings
20,990 shares
Direct BFST shares held after transactions, including 72 in escrow
Indirect escrow holdings
3,550 shares
Shares held in escrow by Align Opportunities, LP under a reorganization agreement
Unvested RSUs
998 units
Time-based restricted stock units vesting June 25, 2027
Option exercise price
$24.45 per share
Exercise price for three BFST stock option grants
Option expiration dates
2029-10-16, 2031-01-01, 2032-08-17
Expiration schedule for BFST stock options held by Hall
Key Terms
Rule 16a-13, Agreement and Plan of Reorganization, time-based restricted stock units, pecuniary interest
4 terms
Rule 16a-13 regulatory
"transaction exempt from Section 16 pursuant to Rule 16a-13."
Agreement and Plan of Reorganization regulatory
"held in escrow pursuant to the Agreement and Plan of Reorganization"
An agreement and plan of reorganization is a formal roadmap negotiated between a financially distressed company and its creditors that explains how debts, assets and ownership will be restructured so the business can continue operating. For investors it’s the document that determines who gets paid, what claims are reduced or converted into new shares, and how much existing equity may be wiped out or diluted — like a household rearranging bills and mortgages to stay solvent while deciding who gets repaid and how.
time-based restricted stock units financial
"The time-based restricted stock units were granted to the reporting person"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What BFST holdings and interests does William G. Hall have after these reported sales?
After the transactions, Hall holds 20,990 BFST common shares directly, including 72 shares in escrow. Align Opportunities, LP holds 3,550 shares in escrow, and Hall disclaims beneficial ownership except for his pecuniary interest, in addition to his restricted stock units and options.
What restricted stock units in BFST did William G. Hall receive under the 2024 Equity Incentive Plan?
Hall holds 998 time-based restricted stock units granted on June 25, 2026, vesting in full on June 25, 2027. Each unit is economically equivalent to one BFST common share and remains subject to forfeiture under specified conditions.