MANSFIELD KEITH 4

What Happened

• Keith Mansfield, EVP & COO of Business First Bancshares (b1Bank), had 1,324 shares disposed on 2026-03-31 to satisfy a tax liability (transaction code F). The shares were disposed at $27.04 per share, for a total value of $35,801. This type of transaction is a withholding/surrender of shares to cover taxes on equity compensation, not an open-market sale for investment purposes.

Key Details

• Transaction date and price: 2026-03-31 at $27.04 per share.
• Shares disposed: 1,324; total proceeds/withheld value: $35,801.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Reporting person holds 27,000 shares in an investment retirement account.
  • F2: Reporting person has outstanding time‑based RSUs: 3,722 (granted 12/12/2024, vest in two installments), 3,912 (granted 3/1/2025, vest in two installments), and 5,740 (granted 3/2/2026, vest in three installments).
• Timeliness: Filing date 2026-04-02 for a 2026-03-31 transaction; the filing shows no indication of being late.

Context

• Transaction code F indicates the shares were surrendered/withheld to cover taxes or exercise costs associated with equity awards (a routine administrative action). This is not the same as an open‑market sale and does not necessarily signal a change in the insider’s view of the company. For investors, purchases or open-market sales are typically more informative about insider sentiment than tax-withholding disposals.