Johnson Joseph Vernon 4

4 · Business First Bancshares, Inc. · Filed Jun 29, 2026

AI-generated summary of this filing

Updated Jun 29, 2026

BFST Director Johnson Vernon Receives RSUs, Converts 1,016 Shares

What Happened

Johnson Joseph Vernon, a director of Business First Bancshares, Inc. (BFST), received a grant of 998 time‑based restricted stock units (RSUs) on June 25, 2026, and on June 26, 2026 converted/exercised 1,016 derivative units into common shares and disposed of 1,016 shares the same day. The filing reports no per‑share prices or total dollar values (N/A).

Key Details

Transaction dates: RSU grant 2026-06-25; conversion/exercise and same‑day disposal 2026-06-26. Filing date: 2026-06-29.
Counts: 998 RSUs granted (unvested); 1,016 derivative units converted to shares and 1,016 shares disposed.
Prices and values: Reported as N/A — the Form 4 does not provide per‑share or total dollar amounts.
Shares owned after transaction: Not specified in the provided filing details.
Footnotes:
- F1: The 998 RSUs granted 6/25/26 are time‑based, economically equal to one share each, vest on 6/25/27 and are subject to forfeiture under certain conditions.
- F2: The 1,016 units converted on 6/26/26 were previously awarded as time‑based RSUs on 6/26/25 and vested on their first anniversary (6/26/26).
Timeliness: Filed 6/29/26; the filing does not indicate a late report.

Context

Simple explanation: The filing shows an award of new unvested RSUs and the conversion of previously vested RSUs into shares that were then disposed of the same day. Because no prices or sale details are provided, the transaction’s dollar impact cannot be determined from this filing alone.
Interpretation note for investors: Grants of unvested RSUs are compensation and not immediate purchases; conversions of vested RSUs followed by disposals are common for tax or liquidity reasons and do not necessarily signal a change in insider sentiment.

Form 4

Period: 2026-06-25

Director

Transactions

Exercise/Conversion
COMMON STOCK
[F2]
2026-06-26+1,016→ 184,073 total
Award
Restricted Stock Units
[F1]
2026-06-25+998→ 2,014 total
Exercise: $0.00→ Common Stock (998 underlying)
Exercise/Conversion
Restricted Stock Units
[F2]
2026-06-26−1,016→ 998 total
→ Common Stock (1,016 underlying)

Footnotes (2)

[F1]Reflects the grant of time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026. The time-based restricted stock units will fully vest on June 25, 2027. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.
[F2]The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.

Signature

/s/ Heather Roemer, as attorney-in-fact for Joseph Vernon Johnson|2026-06-29

1 file