Business First Bancshares director sells 10,000 shares

Business First Bancshares, Inc. director George W. Cummings III reported open-market sales of a total of 10,000 shares of common stock.

Rhea-AI Filing Summary

Business First Bancshares, Inc. director George W. Cummings III reported open-market sales of a total of 10,000 shares of common stock. On March 3, 2026, he sold 9,800 shares at an average price of $27.42 per share, and on March 2, 2026, he sold 200 shares at $27.80 per share.

After these sales, he directly owns 328,775 shares of common stock, which the footnote states includes 223,669 pledged shares. He also has indirect ownership of 3,911 shares held by his spouse.

Insider Trade Summary

Net Seller: 10,000 shares

Net Sell 3 txns

Insider Cummings George W. III

Role Director

Sold 10,000 shs ($274K)

Type	Security	Shares	Price	Value
Sale	Common Stock	9,800	$27.42	$269K
Sale	Common Stock	200	$27.80	$6K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 328,775 shares (Direct); Common Stock — 3,911 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. Includes 223,669 pledged shares of common stock of the issuer.

FAQ

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

What insider transactions did BFST director George W. Cummings III report?

George W. Cummings III reported selling a total of 10,000 BFST shares in open-market transactions. These sales occurred over two days at prices between $27.42 and $27.80 per share, according to the Form 4 filing details.

On what dates did the BFST director sell shares and at what prices?

The BFST director sold shares on March 2, 2026 and March 3, 2026. He sold 200 shares at $27.80 per share and 9,800 shares at an average price of $27.42 per share in open-market transactions.

How many Business First Bancshares (BFST) shares does the director hold after the sales?

After the reported sales, the director directly holds 328,775 BFST shares. The Form 4 notes this direct position includes 223,669 pledged shares, and he also indirectly owns 3,911 shares through his spouse.

Were the BFST director’s recent share transactions buys or sells?

The transactions reported by the BFST director were sales of common stock. The Form 4 classifies both reportable trades with code “S” as open-market sales, totaling 10,000 shares sold over the two disclosed trading days.

Does the BFST Form 4 filing mention any pledged shares?

Yes, the Form 4 filing states that the director’s direct holdings of 328,775 shares include 223,669 pledged shares of Business First Bancshares common stock. This information appears in a footnote accompanying the ownership details.

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

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Accepted by SEC EDGAR 03/04/2026 - 04:05 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cummings George W. III

(Last) (First) (Middle)

500 LAUREL STREET, SUITE 101

(Street)

BATON ROUGE LA 70801

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Business First Bancshares, Inc. [ BFST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		S		200	D	$27.8	338,575(1)	D
Common Stock	03/03/2026		S		9,800	D	$27.42	328,775(1)	D
Common Stock								3,911	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 223,669 pledged shares of common stock of the issuer.

	/s/ Heather Roemer, as attorney-in-fact for George W. Cummings III	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.