Manning Kathryn 4
4 · Business First Bancshares, Inc. · Filed Mar 3, 2026
Insider Transaction Report
Form 4
Manning Kathryn
EVP & Chief Risk Officer
Transactions
- Exercise/Conversion
COMMON STOCK
[F2][F1]2026-03-01+1,239→ 17,904 total - Disposition to Issuer
COMMON STOCK
[F3][F1]2026-03-01$27.30/sh−1,239$33,825→ 16,665 total - Exercise/Conversion
Restricted Stock Units
[F2]2026-03-01−1,239→ 4,912 total→ Common Stock (1,239 underlying) - Award
Restricted Stock Units
[F4]2026-03-02+745→ 5,657 totalExercise: $0.00→ Common Stock (745 underlying) - Award
Restricted Stock Units
[F5][F6]2026-03-02+2,984→ 8,641 totalExercise: $0.00→ Common Stock (2,984 underlying)
Footnotes (6)
- [F1]Includes 2,470 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]The reporting person received an award of 3,756 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.
- [F3]These shares were acquired upon the partial vesting of the previously reported time-based restricted stock units granted to the reporting person on March 1, 2025. The reporting person has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan (the "Deferred Compensation Plan"). In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, on the first business day following the month in which the reporting person's separation of service, death, or disability occurs.
- [F4]Reflects the grant of 745 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 248 shares will vest on March 2, 2027, 248 shares will vest on March 2, 2028, and the remaining 249 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]Reflects the grant of 2,984 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 994 shares will vest on March 2, 2027, 994 shares will vest on March 2, 2028, and the remaining 996 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. The reporting person has irrevocably elected to defer the reported securities under the Deferred Compensation Plan. In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, on the first business day following the month in which the reporting person's separation of service, death, or disability occurs.
- [F6]Includes: (a) 2,395 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) 2,517 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; (c) 745 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; and (d) 2,984 time-based restricted stock units, 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 Kathryn Manning|2026-03-03