Cummings George W. III 4

What Happened

• George W. Cummings III, a director of Business First Bancshares, sold 11,595 shares of BFST common stock in an open-market transaction on May 27, 2026. The shares were sold at $27.92 per share for aggregate proceeds of $323,732. This was a sale (not a purchase); sales by insiders can be routine and do not alone indicate a change in company outlook.

Key Details

• Transaction date: 2026-05-27; Filing date: 2026-05-28 (timely filing).
• Price per share: $27.92; Shares sold: 11,595; Total value: $323,732.
• Transaction type: Sale (open-market or private sale designation on the form).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: The filing notes that 223,669 shares of the issuer’s common stock are pledged (the filing states “Includes 223,669 pledged shares”).
• No 10b5-1 plan, gift, option exercise, or tax-withholding details were indicated in the transaction summary provided.

Context

• Insider sales are common for liquidity, diversification, or other personal reasons; a single sale does not by itself indicate negative insider sentiment. Retail investors should consider this data point alongside other insider transactions, recent company performance, and broader market factors before drawing conclusions.