Folse Mark P. 4
4 · Business First Bancshares, Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Business First Bancshares (BFST) Director Mark Folse Sells Shares
What Happened
Mark P. Folse, a director of Business First Bancshares, sold a total of 10,000 shares in open-market transactions on Feb 9–10, 2026. He disposed of 5,146 shares at a reported weighted-average price of $29.75 (proceeds $153,094) and 4,854 shares at a reported weighted-average price of $29.51 (proceeds $143,242), for aggregate proceeds of roughly $296,336. These were outright sales (code S), not purchases or option exercises.
Key Details
- Transaction dates and reported prices:
- Feb 9, 2026 — 5,146 shares @ $29.75 (WAAP; price range $29.70–$29.82) — $153,094 (see footnote F1)
- Feb 10, 2026 — 4,854 shares @ $29.51 (WAAP; price range $29.50–$29.54) — $143,242 (see footnote F2)
- Shares owned after the transactions: Not disclosed in the provided filing.
- Footnotes:
- F1 & F2: Each sale was executed in multiple trades; the filing reports weighted-average prices and offers to provide the detailed trade-by-trade breakdown on request.
- F3: Separately, the filer holds time-based restricted stock units granted June 26, 2025 that vest June 26, 2026; those unvested RSUs are subject to forfeiture under the grant terms.
- Filing timeliness: Form 4 was filed Feb 11, 2026 covering Feb 9–10 transactions — within the standard reporting window (appears timely).
Context
These were open-market sales by a company director. Sales are common and can reflect many reasons (cash needs, portfolio rebalancing, tax planning) and do not by themselves indicate the director’s view of the company’s prospects. The filing’s footnotes offer to supply trade-level details if you need the exact timing and prices of the individual executions.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-02-09$29.75/sh−5,146$153,094→ 58,140 total - Sale
Common Stock
[F2]2026-02-10$29.51/sh−4,854$143,242→ 53,286 total
- 1,016
Restricted Stock Units
[F3]Exercise: $0.00→ Common Stock (1,016 underlying)
Footnotes (3)
- [F1]This transaction was executed in multiple trades at prices ranging from $29.70 to $29.82. 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]This transaction was executed in multiple trades at prices ranging from $29.50 to $29.54. 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.
- [F3]The time-based restricted stock units were granted to the reporting person on June 26, 2025 under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. The time-based restricted stock units will fully vest on June 26, 2026. 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.