Folse Mark P. 4

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.