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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1624322	Business First Bancshares Inc.	BFST	State Commercial Banks (6022)	205340628

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1811398	Iii J. James Buquet	500 Laurel Street, Suite 101 Baton Rouge LA 70801		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2022-08-31	392	$24.08	83,099	No	4	P	Direct
Common Stock	Disposition	2022-11-30	412	$23.02	83,511	No	4	P	Direct
Common Stock	Disposition	2023-02-28	457	$20.89	83,968	No	4	P	Direct
Common Stock	Disposition	2023-11-16	38,000	$21.03	44,538	No	4	S	Direct
Common Stock	Disposition	2021-10-28	6,110	$0.00	0	No	4	J	Indirect	By Buquet III Children's 1998 Trust
Common Stock	Acquisiton	2020-08-31	75	$15.11	4,000	No	4	P	Indirect	By James Buquet IV Trust No. 2
Common Stock	Disposition	2023-09-25	4,000	$0.00	0	No	4	J	Indirect	By James Buquet IV Trust No. 2
Common Stock	Disposition	2023-11-16	5,700	$12.21	5,689	No	4	S	Indirect	By Mary Mercer Buquet Trust No. 2

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	S	Direct
No	4	J	Indirect	By Buquet III Children's 1998 Trust
No	4	P	Indirect	By James Buquet IV Trust No. 2
No	4	J	Indirect	By James Buquet IV Trust No. 2
No	4	S	Indirect	By Mary Mercer Buquet Trust No. 2

Footnotes

Includes 21,361.28 shares received via distribution of The Buquet Family 2012 Trust on June 18, 2020, which distribution did not result in a change in the reporting person's pecuniary interest in the shares. Intervening reports do not reflect this transaction.
Intervening reports do not reflect the impact of these transactions.
Includes 1,584 shares of restricted stock granted on May 8, 2023, which vest on May 8, 2024.
This transaction was executed in multiple trades at prices ranging from $21.00 to $21.32. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which at the transaction was effected.
Represents the distribution of shares to the adult children of the reporting person as beneficiaries of the trust.