Vascocu Norman Jerome Jr 4
4 · Business First Bancshares, Inc. · Filed Mar 3, 2026
Insider Transaction Report
Form 4
Vascocu Norman Jerome Jr
President of b1Bank
Transactions
- Exercise/Conversion
COMMON STOCK
[F2][F1]2026-03-01+2,655→ 25,850 total - Disposition to Issuer
COMMON STOCK
[F3][F1]2026-03-01$27.30/sh−2,655$72,482→ 23,195 total - Exercise/Conversion
Restricted Stock Units
[F2]2026-03-01−2,655→ 10,523 total→ Common Stock (2,655 underlying) - Award
Restricted Stock Units
[F4]2026-03-02+1,577→ 12,100 totalExercise: $0.00→ Common Stock (1,577 underlying) - Award
Restricted Stock Units
[F5][F6]2026-03-02+6,309→ 18,409 totalExercise: $0.00→ Common Stock (6,309 underlying)
Footnotes (6)
- [F1]Includes 3,776 shares of unvested restricted stock granted on February 1, 2024, which will vest on March 31, 2026. Under the terms of the relevant restricted stock grants, the reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events.
- [F2]The reporting person received an award of 8,047 time-based restricted stock units on March 1, 2025, vesting in three substantially equal installments on the first, second, and third anniversary of the issuance date.
- [F3]These shares were acquired upon the partial vesting of the previously reported time-based restricted stock units granted to the reporting person on December 12, 2024. The reporting person has irrevocably elected to defer the reported securities under the b1BANK Deferred Compensation Plan (the "Deferred Compensation Plan"). In accordance with the Deferred Compensation Plan, the reporting person has elected to received cash in an amount equal to the vested securities under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, distributed in equal annual installments over a 10-year period commencing on the first business day of the month following the month in with the reporting person's separation of service occurs.
- [F4]Reflects the grant of 1,577 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 525 shares will vest on March 2, 2027, 525 shares will vest on March 2, 2028, and the remaining 527 shares will vest on March 2, 2029. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer.
- [F5]Reflects the grant of 6,309 time-based restricted stock units granted to the reporting person on March 2, 2026, of which 2,103 shares will vest on March 2, 2027, 2,103 shares will vest on March 2, 2028, and the remaining 2,103 shares will vest on March 2, 2029. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. The reporting person has irrevocably elected to defer the reported securities under the Deferred Compensation Plan. In accordance with the Deferred Compensation Plan, the reporting person will receive a lump sum cash distribution in an amount equal to the vested securities deferred under the Deferred Compensation Plan, plus any earnings or losses attributable thereto, distributed in equal annual installments over a 10-year period commencing on the first business day of the month following the month in which the reporting person's separation of service occurs.
- [F6]Includes: (a) 5,131 time-based restricted stock units granted to the reporting person on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (b) 5,392 time-based restricted stock units granted to the reporting person on March 1, 2025, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (c) 1,577 time-based restricted stock units granted to the reporting person on March 2, 2026, which will vest in three substantially equal installments on the first, second, and third anniversary of the issue date; and (d) 6,309 time-based restricted stock units granted to the reporting person on March 2, 2026, which will vest in three substantially equal installments on the first, second, and third anniversary of the issue date.
Signature
/s/ Heather Roemer, as attorney-in-fact for Norman Jerome Vascocu, Jr.|2026-03-03