Director George W. Cummings III filed a Form 4 with the SEC on November 2, 2026, disclosing the sale of 18,373 shares of Business First Bancshares, Inc. common stock on October 29, 2026.

Key Highlights

  • Shares Sold: Cummings disposed of 18,373 shares of common stock on October 29, 2026, at a weighted average sale price of $31.73 per share.
  • Price Range: According to the filing, the transaction was executed in multiple trades at prices ranging from $31.73 to $31.74.
  • Remaining Direct Holdings: Following the sale, Cummings directly holds 165,372 shares of common stock.
  • Indirect Holdings: An additional 3,911 shares are held indirectly by spouse, according to the filing.
  • Restricted Stock Units: Cummings holds 998 unvested restricted stock units (RSUs), granted June 25, 2026, scheduled to fully vest on June 25, 2027.
  • RSU Plan: The RSUs were granted under the Business First Bancshares, Inc. 2024 Equity Incentive Plan and are subject to forfeiture upon certain events.

Cummings Share Sale and Ownership Details at Business First Bancshares

According to the Form 4 filed on November 2, 2026, George W. Cummings III, a director of Business First Bancshares, Inc. (NASDAQ:BFST), sold 18,373 shares of common stock on October 29, 2026. The filing notes the weighted average sale price was $31.73, with individual trades executed in a range from $31.73 to $31.74. The filing states that Cummings undertakes to provide full information on the number of shares and prices at each trade level upon request by the SEC staff, the issuer, or a securityholder.

Following the reported transaction, the filing discloses that Cummings directly owns 165,372 shares of common stock. An additional 3,911 shares are held indirectly through his spouse. The Form 4 was signed by Heather Roemer as attorney-in-fact for George W. Cummings III.

Separately, the filing reports that Cummings holds 998 time-based restricted stock units, granted on June 25, 2026, under the Business First Bancshares, Inc. 2024 Equity Incentive Plan. These RSUs are reported to fully vest on June 25, 2027, with each unit economically equivalent to one share of common stock. The filing notes that the unvested RSUs "are subject to forfeiture upon the occurrence of certain events" under the terms of the grant.

What Was Disclosed

The filing discloses a sale of 18,373 common shares by director George W. Cummings III on October 29, 2026, at a weighted average of $31.73 per share, leaving him with 165,372 directly held shares and 998 unvested RSUs set to vest in June 2027.