MCCOLLISTER ROLFE H. JR. 4

What Happened
Rolfe H. McCollister Jr., a director of Business First Bancshares, acquired 120 shares of BFST common stock in an open-market purchase on February 10, 2026. The weighted-average price reported was $29.56 per share, for a total cost of approximately $3,547. This was a purchase transaction (code P), which represents a direct buy of company stock.

Key Details

• Transaction date: February 10, 2026 (reported on Form 4 filed Feb 12, 2026). Filing appears timely under normal 2-business-day rules.
• Price and execution: Weighted-average price $29.56; trades executed at prices ranging from $29.50 to $29.60 (footnote F1). The filer offers to provide the full breakdown of individual trades upon request.
• Shares acquired: 120 shares; total value ≈ $3,547.
• Shares owned after transaction: Not stated in the information provided on this filing.
• Other holdings noted: Footnote F2 discloses time-based restricted stock units granted June 26, 2025 that vest on June 26, 2026; each RSU equals one share economically but is subject to forfeiture under certain conditions.
• Filing timeliness: Reported on Feb 12 for a Feb 10 trade—no indication in the filing that it was late.

Context

• Purchases by directors are direct acquisitions of stock and can be of interest to investors as concrete insider buying, but they do not guarantee future performance.
• Footnote F1 indicates the purchase was executed in multiple trades; F2 refers to previously granted unvested RSUs (not the open-market purchase).
• No options exercises, gifts, or tax-withholding actions are part of this transaction.