BFST SEC Filing News — Business First Bancshares, Inc.

Latest SEC filings for Business First Bancshares, Inc. (BFST) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-09-11.

Business First Bancshares, Inc. operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas. It offers various deposit products and services, including checking and savings, time, and money market accounts; and certificates of deposits, remote deposit capture, and direct deposit services. The company also provides commercial and industrial loans, such as working capital, term, equipment financing, asset acquisition, expansion and dev…
Sector: Financial Services Industry: Banks - Regional Market Cap: $1.0B
20
Total Filings
1
Bullish Classifications
11
Bearish Classifications
12
Insider Transactions
1
Material Events (8-K)
1
Periodic Reports
Rule-based classifications for BFST currently lean bearish. Of the 20 filing records displayed, 11 carry bearish classifications (such as insider sales or negative 8-K disclosures) versus 1 bullish. This does not necessarily signal fundamental deterioration — insiders sell for many reasons — but it is worth monitoring alongside the company's core financial metrics.
BFST Filing Activity Snapshot 2026-07-29 — 2026-09-11
Insider Transactions (Form 4)
1 buy vs 11 sells
Net insider selling in this period — insiders sell for many reasons beyond conviction.
Largest Form 144 Filing
$958.2K
George W. Cummings · 2026-07-30
30,000 shares · Form 144
Form 144 Notices
6
Proposed insider sales filed — Form 144 is a notice of intent, not a confirmed transaction. Actual sales are confirmed via Form 4.
Insider Transactions 12 · Forms 3, 4 and 5

A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 12 filings in this group are Form 4s for Business First Bancshares, Inc.

The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.

Across the 12 insider filings shown, the breakdown is 11 open-market sale and 1 open-market purchase. 12 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.

What each transaction type means

Open-market sale ×11
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Open-market purchase ×1
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Form 4 Open-market sale Insider Selling 2026-08-25

BFST insider Cummings George W. III (Director) sold 14,200 shares (~$444.6K)

Cummings George W. III, listed as Director at Business First Bancshares, Inc., reported an open-market sale of 14,200 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 4,200 $31.27 $131.3K
S Open-market sale 10,000 $31.33 $313.3K
Filing: Form 4 (Insider Transaction) Insider: Cummings George W. III (Director) Shares: 14,200 Est. Value: $444.6K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-21

BFST insider Cummings George W. III (Director) sold 3,235 shares (~$102.9K)

Cummings George W. III, listed as Director at Business First Bancshares, Inc., reported an open-market sale of 3,235 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 3,235 $31.80 $102.9K
Filing: Form 4 (Insider Transaction) Insider: Cummings George W. III (Director) Shares: 3,235 Est. Value: $102.9K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-19

BFST insider Cummings George W. III (Director) sold 10,000 shares (~$317.8K)

Cummings George W. III, listed as Director at Business First Bancshares, Inc., reported an open-market sale of 10,000 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 10,000 $31.78 $317.8K
Filing: Form 4 (Insider Transaction) Insider: Cummings George W. III (Director) Shares: 10,000 Est. Value: $317.8K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-07

BFST insider Carter Donald Chad (EVP, Correspondent Banking) sold 1,875 shares (~$59.3K)

Carter Donald Chad, listed as EVP, Correspondent Banking at Business First Bancshares, Inc., reported an open-market sale of 1,875 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 1,875 $31.64 $59.3K
Filing: Form 4 (Insider Transaction) Insider: Carter Donald Chad (EVP, Correspondent Banking) Shares: 1,875 Est. Value: $59.3K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-07

BFST insider Hall William G. (Director) sold 11,389 shares (~$364.1K)

Hall William G., listed as Director at Business First Bancshares, Inc., reported an open-market sale of 11,389 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 9,723 $31.97 $310.8K
S Open-market sale 1,666 $31.97 $53.3K
Filing: Form 4 (Insider Transaction) Insider: Hall William G. (Director) Shares: 11,389 Est. Value: $364.1K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-06

BFST insider Strong Saundra (EVP & General Counsel) sold 1,000 shares (~$32.0K)

Strong Saundra, listed as EVP & General Counsel at Business First Bancshares, Inc., reported an open-market sale of 1,000 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 1,000 $31.98 $32.0K
Filing: Form 4 (Insider Transaction) Insider: Strong Saundra (EVP & General Counsel) Shares: 1,000 Est. Value: $32.0K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-08-05

BFST insider Cummings George W. III (Director) sold 10,000 shares (~$318.7K)

Cummings George W. III, listed as Director at Business First Bancshares, Inc., reported an open-market sale of 10,000 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 10,000 $31.87 $318.7K
Filing: Form 4 (Insider Transaction) Insider: Cummings George W. III (Director) Shares: 10,000 Est. Value: $318.7K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-07-31

BFST insider MANSFIELD KEITH (EVP&COO of b1Bank) sold 4,200 shares (~$134.7K)

MANSFIELD KEITH, listed as EVP&COO of b1Bank at Business First Bancshares, Inc., reported an open-market sale of 4,200 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 4,200 $32.08 $134.7K
Filing: Form 4 (Insider Transaction) Insider: MANSFIELD KEITH (EVP&COO of b1Bank) Shares: 4,200 Est. Value: $134.7K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-07-31

BFST insider Cummings George W. III (Director) sold 20,000 shares (~$635.8K)

Cummings George W. III, listed as Director at Business First Bancshares, Inc., reported an open-market sale of 20,000 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 10,000 $32.08 $320.8K
S Open-market sale 10,000 $31.50 $315.0K
Filing: Form 4 (Insider Transaction) Insider: Cummings George W. III (Director) Shares: 20,000 Est. Value: $635.8K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-07-30

BFST insider Cummings George W. III (Director) sold 20,000 shares (~$637.4K)

Cummings George W. III, listed as Director at Business First Bancshares, Inc., reported an open-market sale of 20,000 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 10,000 $31.86 $318.6K
S Open-market sale 10,000 $31.88 $318.8K
Filing: Form 4 (Insider Transaction) Insider: Cummings George W. III (Director) Shares: 20,000 Est. Value: $637.4K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market sale Insider Selling 2026-07-30

BFST insider Johnson Joseph Vernon (Director) sold 12,000 shares (~$379.8K)

Johnson Joseph Vernon, listed as Director at Business First Bancshares, Inc., reported an open-market sale of 12,000 BFST shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 10,000 $31.75 $317.5K
S Open-market sale 2,000 $31.15 $62.3K
Filing: Form 4 (Insider Transaction) Insider: Johnson Joseph Vernon (Director) Shares: 12,000 Est. Value: $379.8K
View on SEC EDGAR → Open Filing Document →
Form 4 Open-market purchase Insider Buying 2026-07-29

BFST insider Day Rick D. (Director) bought 1,500 shares (~$47.4K)

Day Rick D., listed as Director at Business First Bancshares, Inc., reported an open-market purchase of 1,500 BFST shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code Nature Shares Price Value
P Open-market purchase 1,500 $31.61 $47.4K
Filing: Form 4 (Insider Transaction) Insider: Day Rick D. (Director) Shares: 1,500 Est. Value: $47.4K
View on SEC EDGAR → Open Filing Document →
Proposed Insider Sales 6 · Form 144

A Form 144 is a notice of intent to sell restricted or control securities. It is not a record that anything was sold. Business First Bancshares, Inc. has 6 such notices in this period.

The distinction matters because a Form 144 is frequently reported as though it were a completed insider sale. The filer may sell all of the shares covered, some of them, or none at all, and there is no obligation to update the notice either way. A sale that is actually executed by an officer or director shows up separately on a Form 4, which is the filing to check before treating a proposed sale as a real one.

Form 144 Proposed Insider Sale 2026-08-24

BFST Form 144 filed for proposed insider sale by George W. Cummings (2,435 shares) ~$76.2K

George W. Cummings filed a Form 144 with the SEC indicating intent to sell BFST (Business First Bancshares, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: George W. Cummings Shares: 2,435 Est. Value: $76.2K
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-08-18

BFST Form 144 filed for proposed insider sale by George W. Cummings (25,000 shares) ~$799.2K

George W. Cummings filed a Form 144 with the SEC indicating intent to sell BFST (Business First Bancshares, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: George W. Cummings Shares: 25,000 Est. Value: $799.2K
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-08-06

BFST Form 144 filed for proposed insider sale by Carter Donald Chad (1,875 shares) ~$60.0K

Carter Donald Chad filed a Form 144 with the SEC indicating intent to sell BFST (Business First Bancshares, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: Carter Donald Chad Shares: 1,875 Est. Value: $60.0K
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-08-05

BFST Form 144 filed for proposed insider sale by William G. Hall (11,389 shares) ~$365.2K

William G. Hall filed a Form 144 with the SEC indicating intent to sell BFST (Business First Bancshares, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: William G. Hall Shares: 11,389 Est. Value: $365.2K
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-07-30

BFST Form 144 filed for proposed insider sale by George W. Cummings (30,000 shares) ~$958.2K

George W. Cummings filed a Form 144 with the SEC indicating intent to sell BFST (Business First Bancshares, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: George W. Cummings Shares: 30,000 Est. Value: $958.2K
View on SEC EDGAR → Open Filing Document →
Form 144 Proposed Insider Sale 2026-07-30

BFST Form 144 filed for proposed insider sale by KEITH MANSFIELD (4,200 shares) ~$134.7K

KEITH MANSFIELD filed a Form 144 with the SEC indicating intent to sell BFST (Business First Bancshares, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: KEITH MANSFIELD Shares: 4,200 Est. Value: $134.7K
View on SEC EDGAR → Open Filing Document →
Material Events 1 · Form 8-K

An 8-K reports a material event in the window between scheduled reports. There is 1 in this period for Business First Bancshares, Inc. Each 8-K names the item number it is filed under, and that number is the fastest way to tell a routine disclosure from a consequential one.

Item 2.02 is an earnings release, Item 5.02 is a change of directors or officers, and Item 1.01 or 2.01 covers a material agreement or a completed acquisition. Item 7.01 and Item 8.01 are the general-purpose disclosure items and carry no fixed meaning on their own.

Form 8-K Material Company Update 2026-09-11

BFST filed 8-K — material company event

Business First Bancshares, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
View on SEC EDGAR → Open Filing Document →
Periodic Reports 1 · Forms 10-K and 10-Q

The periodic reports are where the audited and reviewed financial statements live. This period contains 1 quarterly report (10-Q) for Business First Bancshares, Inc.

The two are not equivalent in weight. A 10-K is audited by an external firm and includes the full risk factor disclosure, business description and management discussion; a 10-Q is unaudited, reviewed rather than examined, and much shorter. When a figure in a quarterly report is later revised, the annual report is usually where the correction appears.

An amended report — 10-K/A or 10-Q/A — restates or corrects something in the original filing, and is worth reading against the version it replaces.

Form 10-Q Quarterly Report 2026-07-31

BFST filed Quarterly Report (10-Q)

Business First Bancshares, Inc. filed its quarterly report with the SEC. This report includes unaudited financial statements and management discussion for the quarter.

Filing: 10-Q (Quarterly Report)
View on SEC EDGAR → Open Filing Document →

How we classify Business First Bancshares, Inc.'s filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on BFST. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — BFST SEC Filings

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Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
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