McDonald Warren 4
4 · Business First Bancshares, Inc. · Filed Mar 3, 2026
Insider Transaction Report
Form 4
McDonald Warren
EVP & Chief Credit Officer
Transactions
- Exercise/Conversion
COMMON STOCK
[F2][F1]2026-03-01+1,337→ 15,918 total - Tax Payment
COMMON STOCK
[F1]2026-03-01$27.30/sh−565$15,425→ 15,353 total - Exercise/Conversion
Restricted Stock Units
[F2]2026-03-01−1,337→ 5,299 total→ Common Stock (1,337 underlying) - Award
Restricted Stock Units
[F3][F4]2026-03-02+3,974→ 9,273 totalExercise: $0.00→ Common Stock (3,974 underlying)
Footnotes (4)
- [F1]Includes 2,732 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 4,052 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]Reflects the grant of 3,974 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 1,324 shares will vest on March 2, 2027, 1,324 shares will vest on March 2, 2028, and the remaining 1,326 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.
- [F4]Includes: (a) 2,584 time-based restricted stock units granted on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (b) 2,715 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) 3,974 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 Warren McDonald|2026-03-03