4//SEC Filing
MELVILLE DAVID R. III 4
Accession 0001437749-25-038057
CIK 0001624322other
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 5:42 PM ET
Size
10.1 KB
Accession
0001437749-25-038057
Insider Transaction Report
Form 4
MELVILLE DAVID R. III
DirectorPresident and CEO
Transactions
- Exercise/Conversion
COMMON STOCK
2025-12-12+4,938→ 218,119 total - Disposition to Issuer
COMMON STOCK
2025-12-12$27.71/sh−4,938$136,832→ 213,181 total - Exercise/Conversion
Restricted Stock Units
2025-12-12−4,938→ 26,321 total→ Common Stock (4,938 underlying)
Footnotes (5)
- [F1]Includes 10,103 shares of unvested restricted stock granted on February 1, 2024, which will vest on March 31, 2026. Under the terms of the relevant restricted stock grants, the reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events.
- [F2]Includes units of the employer stock fund through the issuer's 401(k) plan equivalent to approximately 13,786 shares of common stock of the issuer and 96,288 pledged shares of common stock of the issuer.
- [F3]The reporting person received an award of 14,966 time-based restricted stock units on December 12, 2024, vesting in three substantially equal installments on the first, second, and third anniversary of the issuance date.
- [F4]Includes: (a) 10,028 time-based restricted stock units granted to the reporting person on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; and (b) 16,293 time-based restricted stock units granted to the reporting person on March 1, 2025, of which 5,376 shares will vest on March 1, 2026, 5,376 shares will vest on March 1, 2027, and the remaining 5,541 shares will vest on March 1, 2028.
- [F5]These shares were acquired upon the partial vesting of the previously reported time-based restricted stock units granted to the reporting person on December 12, 2024. The reporting person has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan (the "Deferred Compensation Plan"). In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, on the first business day following the month in which the reporting person's separation of service, death, or disability occurs.
Documents
Issuer
Business First Bancshares, Inc.
CIK 0001624322
Entity typeother
Related Parties
1- filerCIK 0001734795
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 5:42 PM ET
- Size
- 10.1 KB