Business First (BFST) Director William G. Hall Sells Shares

What Happened
William G. Hall, a director of Business First Bancshares, Inc. (BFST), reported two open-market sales on August 5, 2026: 9,723 shares at a weighted average price of $31.97 for $310,844, and 1,666 shares at $31.97 for $53,262 — a total of 11,389 shares sold for about $364,106. The transactions are reported as sales (code S) and were executed across multiple trades.

Key Details

• Transaction date: August 5, 2026; filing date: August 7, 2026 (filed within the typical 2-business-day window).
• Reported weighted average price: $31.97; actual trade prices ranged from $31.90 to $32.05 (footnote).
• Total sold: 11,389 shares for ~$364,106.
• Footnotes of note:
  • F2: Sale occurred in multiple trades; full trade-level detail is available on request.
  • F1: Some shares were previously transferred between affiliated entities in Nov 2024 under an exemption (Rule 16a-13).
  • F3/F4: Certain shares (72 and 3,550) are held in escrow under the Reorganization Agreement with Oakwood.
  • F5: The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
  • F6/F7: The filer also has time-based restricted stock units (granted June 25, 2026, vesting June 25, 2027) and stock options tied to the Reorganization Agreement (granted Oct 1, 2024).
• Shares owned after the transaction are not specified in the excerpt provided.

Context
This filing reports open-market sales, which are common for insiders and do not by themselves indicate the insider’s broader view of the company. No option exercise or immediate sale of option-derived shares is reported here; the filing only documents the sale of existing shares.