Director Keith Tillage Receives Restricted Stock Units in Business First Bancshares

This SEC Form 4 filing reports equity compensation transactions for Keith Alexis Tillage, a director of Business First Bancshares, Inc. (BFST). On June 25, 2026, Tillage received 998 time-based restricted stock units under the company's 2024 Equity Incentive Plan, which will fully vest on June 25, 2027. Each RSU is economically equivalent to one share of common stock. The following day, on June 26, 2026, 1,016 previously granted RSUs vested and were converted to common stock, resulting in Tillage acquiring 1,016 shares of BFST common stock at $0 cost. After these transactions, Tillage holds 6,409 shares of common stock and 998 unvested RSUs. The filing demonstrates the company's ongoing equity compensation program for directors and provides transparency about insider ownership changes.