Every Form 4 that Business First Bancshares, Inc. (BFST) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BFST and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BFST filings page.
Business First Bancshares EVP & Chief Risk Officer Kathryn Manning reported multiple equity compensation transactions. She received grants of 745 and 2,984 time-based restricted stock units on March 2, 2026, each unit economically equivalent to one share of common stock and vesting in annual installments through 2029.
On March 1, 2026, 1,239 restricted stock units partially vested and converted into 1,239 common shares, followed by a disposition of 1,239 common shares back to the issuer at $27.30 per share. Part of the new and previously granted units has been deferred into the company’s b1BANK Deferred Compensation Plan, to be paid in cash after separation, death, or disability.
Business First Bancshares, Inc. executive Philip Jordan, EVP & CBO of b1Bank, reported equity awards and related share movements. On March 2, 2026, he received a grant of 5,701 time-based restricted stock units (RSUs), which will vest in three installments from 2027 through 2029.
On March 1, 2026, he exercised 1,926 RSUs, acquiring the same number of common shares, and had 527 common shares withheld at $27.30 per share to cover tax obligations. After these transactions, he directly holds 82,041 shares of common stock and 13,335 RSUs, plus additional unvested restricted stock and retirement-plan holdings noted in the footnotes.
Business First Bancshares EVP Donald Chad Carter reported equity compensation activity in company stock. On March 2, 2026, he received a grant of 4,020 time-based restricted stock units, which will vest in three equal installments on March 2, 2027, 2028, and 2029.
On March 1, 2026, he exercised 1,337 restricted stock units into an equal number of common shares at a price of $0.00 per share. To cover tax obligations related to this equity event, 366 common shares were withheld at $27.30 per share. After these transactions, he directly owned 14,834 common shares and 9,319 restricted stock units.
Business First Bancshares, Inc. director George W. Cummings III reported an open-market sale of 20,000 shares of common stock at $28.0000 per share. After this sale on 2026-02-25, he directly owned 338,775 common shares, which includes 223,669 shares that are pledged. In addition, 3,911 shares were reported as held indirectly through his spouse.
Business First Bancshares director Rolfe H. McCollister Jr. bought 120 shares of common stock at a weighted average price of $29.56 in an open-market transaction on February 10, 2026. The trades were executed at prices ranging from $29.50 to $29.60.
After this purchase, he directly owns 93,080 shares of common stock. He also reports indirect beneficial ownership of 5,000 shares held by his spouse and 1,016 time-based restricted stock units that are scheduled to fully vest on June 26, 2026, each equivalent to one share of common stock.
Business First Bancshares director Mark P. Folse reported selling common stock in two open-market transactions. On February 9, 2026, he sold 5,146 shares at a weighted average price of $29.75, and on February 10, 2026, he sold 4,854 shares at a weighted average price of $29.51.
After these sales, Folse directly owned 53,286 shares of Business First Bancshares common stock. He also held 1,016 time-based restricted stock units granted on June 26, 2025, which are scheduled to fully vest on June 26, 2026, each unit representing the economic equivalent of one share of common stock and subject to forfeiture under certain conditions.
Business First Bancshares EVP Donald Chad Carter reported a stock sale and updated equity holdings. On January 29, 2026, he sold 3,778 shares of common stock at a weighted average price of $27.27, with trades executed between $27.27 and $27.28.
After the sale, he beneficially owns 13,863 common shares, including 6,799 shares held through the employer stock fund in the 401(k) plan and 1,156 unvested restricted shares scheduled to vest on March 31, 2026. He also holds 6,636 time-based restricted stock units that are scheduled to vest in tranches from March 1, 2026 through March 1, 2028.
Business First Bancshares, Inc. (BFST) director Rick D. Day increased his personal stake by purchasing additional common stock. On January 27, 2026, he bought 1,500 shares of common stock at a price of $27.55 per share in an open-market transaction, bringing his directly held common stock position to 267,385 shares.
He also holds 1,016 time-based restricted stock units granted on June 26, 2025 under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. These restricted stock units are scheduled to fully vest on June 26, 2026, are economically equivalent to shares of common stock, and are subject to forfeiture if certain conditions are not met.
Business First Bancshares, Inc. officer Norman Jerome Vascocu Jr., President of b1Bank, reported equity compensation activity on December 12, 2025. He acquired 2,526 shares of common stock through the vesting and settlement of restricted stock units, then disposed of 2,526 shares at $27.71 per share in connection with an election under the b1BANK Deferred Compensation Plan to receive future cash payments instead of holding the stock.
Following these transactions, he beneficially owns 23,195 shares of common stock directly and 13,178 time-based restricted stock units subject to multi-year vesting schedules extending through March 31, 2028.
Business First Bancshares executive Kathryn Manning, EVP & Chief Risk Officer, reported equity award activity dated December 12, 2025. 1,179 restricted stock units converted into common stock, while 417 shares were disposed of at $27.71 per share, leaving 16,665 common shares held directly.
Her direct holdings include 2,470 unvested restricted shares granted February 1, 2024 that are scheduled to vest on March 31, 2026 and are subject to forfeiture upon certain events. She also beneficially owns 6,151 time-based restricted stock units that are scheduled to vest in installments from December 12, 2026 through March 1, 2028.
Business First Bancshares executive Heather G. Roemer, EVP and CAO, reported the vesting and conversion of 1,082 time-based restricted stock units into common stock on December 12, 2025. She elected to defer the vested securities under the b1BANK Deferred Compensation Plan, which will pay a lump-sum cash amount equal to the deferred shares plus any earnings or losses after her separation of service, death, or disability.
After these transactions, she directly owns 19,592 shares of common stock, plus 8,817 shares held by her spouse and 7,230 shares held as custodian for her minor children. She also beneficially owns 5,657 time-based restricted stock units that are scheduled to vest in installments on future anniversaries of the underlying grant dates.
Business First Bancshares, Inc. reported an insider equity transaction by its EVP & CBO of b1Bank on December 12, 2025. The executive had 1,833 restricted stock units convert into an equal number of shares of common stock and then disposed of those 1,833 shares at $27.71 per share in connection with a deferral election under the b1BANK Deferred Compensation Plan.
After these transactions, the executive directly owned 80,642 shares of common stock and held 9,560 restricted stock units. The holdings also include 3,776 shares of unvested restricted stock granted on February 1, 2024, vesting on March 31, 2026, plus 4,000 shares in an investment retirement account and employer stock fund units equivalent to approximately 14,993 shares through the issuer's 401(k) plan.
Business First Bancshares, Inc. executive vice president and CFO Gregory Robertson reported equity transactions dated 12/12/2025. One line item shows 1,833 shares of common stock associated with a transaction coded “M,” and another shows 502 shares of common stock disposed of in a transaction coded “F” at $27.71 per share. After these transactions, he directly owns 69,166 shares of common stock.
The filing notes that this direct holding includes 3,776 shares of unvested restricted stock granted on February 1, 2024, scheduled to vest on March 31, 2026 and subject to forfeiture under certain conditions. Robertson also beneficially owns 9,560 time‑based restricted stock units, reflecting grants made on December 12, 2024 and March 1, 2025, with tranches scheduled to vest between 2026 and 2028.
Business First Bancshares President and CEO David R. Melville III, who also serves as a director, reported the vesting of 4,938 restricted stock units into common stock on December 12, 2025. He then deferred the resulting 4,938 shares, reported as a disposition at $27.71 per share, into the company’s b1BANK Deferred Compensation Plan. After these transactions, he directly beneficially owned 213,181 shares of common stock, which include unvested restricted stock, units held through the 401(k) plan, and pledged shares.
Business First Bancshares, Inc. executive vice president and COO of b1Bank, Keith Mansfield, reported insider equity transactions in company common stock and restricted stock units on December 12, 2025.
On that date, he acquired 1,833 shares of common stock in a transaction related to restricted stock units and disposed of 643 shares at a price of $27.71 per share, resulting in 82,056 common shares beneficially owned directly. This total includes 3,776 shares of unvested restricted stock granted on February 1, 2024 that are scheduled to vest on March 31, 2026 and are subject to forfeiture, and 27,000 shares held in his investment retirement account.
He also reported derivative holdings of 9,560 time-based restricted stock units. These comprise 3,722 units from a December 12, 2024 grant, with 1,833 shares scheduled to vest on December 12, 2026 and 1,889 shares on December 12, 2027, and 5,838 units from a March 1, 2025 grant, with tranches of 1,926 shares vesting on March 1, 2026 and March 1, 2027, and 1,986 shares vesting on March 1, 2028.
Business First Bancshares, Inc. executive vice president Donald Chad Carter reported equity activity dated December 12, 2025. He recorded acquisition of 1,272 shares of common stock and a disposition of 348 shares at $27.71 per share, resulting in direct ownership of 17,641 common shares following the reported transactions.
After these changes, he also beneficially owns 6,636 time-based restricted stock units, which are scheduled to vest in installments between March 1, 2026 and March 1, 2028 under awards granted on December 12, 2024 and March 1, 2025. His reported common stock holdings include units of the employer stock fund in the company 401(k) plan equivalent to 6,799 shares and 1,156 shares of unvested restricted stock that are subject to forfeiture upon certain events.
Business First Bancshares, Inc. reported insider equity activity by its EVP & General Counsel, Saundra Strong. On December 12, 2025, 1,272 restricted stock units were converted into 1,272 shares of common stock in a transaction coded M.
On the same date, 561 shares of common stock were disposed of at $27.71 per share in a transaction coded F. After these transactions, Strong directly beneficially owned 6,708 shares of common stock, including 2,732 shares of unvested restricted stock scheduled to vest on March 31, 2026, and held 6,636 time-based restricted stock units that are scheduled to vest in installments from 2026 through 2028.
Business First Bancshares EVP and Chief Credit Officer Warren McDonald reported equity transactions in company stock. On December 12, 2025, he acquired 1,272 shares of common stock and disposed of 539 shares at $27.71 per share. After these transactions, he directly owned 14,581 shares of common stock. He also held 6,636 time-based restricted stock units that are scheduled to vest in installments on December 12, 2026 and 2027, and on March 1, 2026, 2027 and 2028. In addition, his holdings include 2,732 shares of unvested restricted stock granted on February 1, 2024, which are expected to vest on March 31, 2026 and are subject to forfeiture upon certain events.
Business First Bancshares, Inc. (BFST) reported insider equity activity by its President of b1Bank, Norman Jerome Vascocu, Jr. On November 21, 2025, he acquired 1,945 shares of common stock, reported as a grant of restricted stock at a price of $25.72 per share, which fully vested on that date. On the same day, 824 shares of common stock at $25.72 per share were disposed of using transaction code “F,” indicating shares were withheld, leaving him with 23,195 shares of common stock held directly.
The filing notes that this total includes 3,776 shares of unvested restricted stock granted on February 1, 2024, scheduled to vest on March 31, 2026, which remain subject to forfeiture under certain conditions. In addition, he beneficially owns 15,704 time-based restricted stock units, consisting of 7,657 units granted on December 12, 2024 that vest in three equal annual installments, and 8,047 units granted on March 1, 2025 that vest in tranches in 2026, 2027, and 2028.
Business First Bancshares (BFST) director Rick D. Day bought 1,600 shares of common stock at $24.21 on October 28, 2025, as reported on Form 4. Following the purchase, he directly beneficially owns 265,885 shares.
He also holds 1,016 restricted stock units (RSUs) granted on June 26, 2025 under the 2024 Equity Incentive Plan, which are economically equivalent to one share each and will fully vest on June 26, 2026. The unvested RSUs are subject to forfeiture under certain events.