Carter Donald Chad 4
4 · Business First Bancshares, Inc. · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
Business First Bancshares (BFST) EVP Donald Chad Carter Sells 3,778 Shares
What Happened
Donald Chad Carter, EVP, Correspondent Banking at Business First Bancshares (BFST), sold 3,778 shares of BFST common stock in an open-market transaction on January 29, 2026. The weighted-average sale price was $27.27 per share, producing total proceeds of approximately $103,026. This was a sale (not a purchase or option exercise), which for many insiders is often routine cashing-out rather than a signal of changed company outlook.
Key Details
- Transaction date: 2026-01-29; reported on Form 4 filed 2026-01-30 (filed next business day; not indicated as late).
- Price(s): Trades executed at $27.27–$27.28; $27.27 is the weighted-average sale price reported (footnote F1).
- Shares sold: 3,778; proceeds ≈ $103,026.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- F1: Multiple trades at $27.27–$27.28; reporting person can provide full trade-level details on request.
- F2: The filer’s reported holdings include 6,799 shares held via the employer stock fund/401(k) equivalent.
- F3: Includes 1,156 unvested restricted shares (granted Feb 1, 2024) that vest Mar 31, 2026 and remain subject to forfeiture under certain conditions.
- F4: Includes time-based RSUs: (a) 2,584 RSUs from Dec 12, 2024 (1,272 vest 12/12/2026; 1,312 vest 12/12/2027); (b) 4,052 RSUs from Mar 1, 2025 (1,337 vest 3/1/2026; 1,337 vest 3/1/2027; 1,378 vest 3/1/2028).
Context
This filing records a straightforward open-market sale. Sales by executives can be routine (e.g., diversification, tax needs, or planned sales) and do not by themselves prove a change in the insider’s view of the company. There were no option exercises, gifts, or awards reported in this transaction; the filing primarily documents the disposal of shares and details of other holdings/vesting schedules.
Insider Transaction Report
- Sale
COMMON STOCK
[F1][F2][F3]2026-01-29$27.27/sh−3,778$103,026→ 13,863 total
- 6,636
Restricted Stock Units
[F4]Exercise: $0.00→ Common Stock (6,636 underlying)
Footnotes (4)
- [F1]This transaction was executed in multiple trades at prices ranging from $27.27 to $27.28. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F2]Includes units of the employer stock fund through the issuer's 401(k) plan equivalent to 6,799 shares of common stock of the issuer.
- [F3]Includes 1,156 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.
- [F4]Includes: (a) 2,584 time-based restricted stock units granted on December 12, 2024, of which 1,272 shares will vest on December 12, 2026 and the remaining 1,312 shares will vest on December 12, 2027; and (b) 4,052 time-based restricted stock units granted to the reporting person on March 1, 2025, of which 1,337 shares will vest on March 1, 2026, 1,337 shares will vest on March 1, 2027, and the remaining 1,378 shares will vest on March 1, 2028.