JORDAN PHILIP 4
4 · Business First Bancshares, Inc. · Filed Mar 3, 2026
Insider Transaction Report
Form 4
JORDAN PHILIP
EVP&CBO of b1Bank
Transactions
- Exercise/Conversion
COMMON STOCK
[F3][F1][F2]2026-03-01+1,926→ 82,568 total - Tax Payment
COMMON STOCK
[F1][F2]2026-03-01$27.30/sh−527$14,387→ 82,041 total - Exercise/Conversion
Restricted Stock Units
[F3]2026-03-01−1,926→ 7,634 total→ Common Stock (1,926 underlying) - Award
Restricted Stock Units
[F4][F5]2026-03-02+5,701→ 13,335 totalExercise: $0.00→ Common Stock (5,701 underlying)
Footnotes (5)
- [F1]Includes 3,776 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 4,000 shares of common stock of the issuer held by the reporting person's investment retirement account and units of the employer stock fund through the issuer's 401(k) plan equivalent to approximately 14,993 shares of common stock of the issuer.
- [F3]The reporting person received an award of 5,838 time-based restricted stock units on March 1, 2025, vesting in three substantially equal installments on the first, second, and third anniversary of the issuance date.
- [F4]Reflects the grant of 5,701 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 1,900 shares will vest on March 2, 2027, 1,900 shares will vest on March 2, 2028, and the remaining 1,901 shares will vest on March 2, 2029. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer.
- [F5]Includes: (a) 3,722 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; (b) 3,912 time-based restricted stock units granted to the reporting person on March 1, 2025, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; and (c) 5,701 time-based restricted stock units granted to the reporting person on March 2, 2026, which will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date.
Signature
/s/ Heather Roemer, as attorney-in-fact for Phillip Jordan|2026-03-03