Hall William G.

SEC source: 0001437749-26-026579 · rdgdoc.xml · nonDerivative · entry 2

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By: Align Opportunities, LP

Disclosed balance after: 3,550

F2 · price: This transaction was executed in multiple trades at prices ranging from $31.90 to $32.05. 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 securityholder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F4 · balance_after: The 3,550 shares are being held in escrow pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F5 · ownership.nature: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

SEC source: 0001437749-26-026579 · rdgdoc.xml · nonDerivative · entry 1

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By: Align Capital, LLC

Disclosed balance after: 0

F1 · shares: The shares of common stock were transferred from Align Opportunities, LP to Align Capital, LLC in November 2024 in a transaction exempt from Section 16 pursuant to Rule 16a-13.

F2 · price: This transaction was executed in multiple trades at prices ranging from $31.90 to $32.05. 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 securityholder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F5 · ownership.nature: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

SEC source: 0001437749-26-022046 · rdgdoc.xml · derivative · entry 4

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 998

Underlying: Common Stock · 1,016 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.

F5 · price: The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.

F5 · derivative.exercise_date: The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.

F5 · derivative.expiration_date: The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.

SEC source: 0001437749-26-022046 · rdgdoc.xml · nonDerivative · entry 1

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,990

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · price: The reporting person received an award of 1,016 time-based restricted stock units on June 26, 2025, vesting on the first anniversary of the issuance date.

F1 · balance_after: Includes 72 shares currently being held in escrow pursuant to the Agreement and Plan of Reorganization (the "Reorganization Agreement") by and between the issuer and Oakwood Bancshares, Inc. ("Oakwood").

SEC source: 0001437749-26-022046 · rdgdoc.xml · derivative · entry 3

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,014

Underlying: Common Stock · 998 shares

Expires not disclosed

F4 · price: Reflects the grant of time-based restricted stock units to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026. The time-based restricted stock units will fully vest on June 25, 2027. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.

F4 · derivative.exercise_date: Reflects the grant of time-based restricted stock units to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026. The time-based restricted stock units will fully vest on June 25, 2027. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.

F4 · derivative.expiration_date: Reflects the grant of time-based restricted stock units to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 25, 2026. The time-based restricted stock units will fully vest on June 25, 2027. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.

SEC source: 0001437749-25-021615 · rdgdoc.xml · derivative · entry 3

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,016

Underlying: Common Stock · 1,016 shares

Expires not disclosed

F5 · price: Reflects the grant of time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 26, 2025. The time-based restricted stock units will fully vest on June 26, 2026. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.

F5 · derivative.exercise_date: Reflects the grant of time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 26, 2025. The time-based restricted stock units will fully vest on June 26, 2026. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.

F5 · derivative.expiration_date: Reflects the grant of time-based restricted stock units granted to the reporting person under the Business First Bancshares, Inc. 2024 Equity Incentive Plan on June 26, 2025. The time-based restricted stock units will fully vest on June 26, 2026. Each time-based restricted stock unit is economically equivalent to one share of common stock of the issuer. Under the terms of the relevant restricted stock unit grant, the reported unvested restricted stock units are subject to forfeiture upon the occurrence of certain events.

SEC source: 0001437749-24-035613 · rdgdoc.xml · nonDerivative · entry 2

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By: Align Opportunities, LP

Disclosed balance after: 14,939

F2 · kind: Represents a pro rata distribution by Align Opportunities, LP to its partners in accordance with their pro rata ownership of the partnership.

F2 · price: Represents a pro rata distribution by Align Opportunities, LP to its partners in accordance with their pro rata ownership of the partnership.

F3 · ownership.nature: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

SEC source: 0001437749-24-035613 · rdgdoc.xml · nonDerivative · entry 1

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,902

F1 · kind: Represents the receipt of shares in the pro rata distribution described below. The distribution is being voluntarily reported and did not result in a change in the reporting person's pecuniary interest in the shares.

F1 · price: Represents the receipt of shares in the pro rata distribution described below. The distribution is being voluntarily reported and did not result in a change in the reporting person's pecuniary interest in the shares.

SEC source: 0001437749-24-031112 · rdgdoc.xml · derivative · entry 5

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 767

Underlying: Common Stock · 767 shares

Expires 2032-08-17

F4 · derivative.exercise_date: Pursuant to the Agreement and Plan of Reorganization (the "Reorganization Agreement") by and between the issuer and Oakwood, each outstanding and unexercised option to purchase shares of Oakwood common stock became fully vested and was automatically converted into an option to purchase shares of issuer common stock, with the number of underlying shares and the exercise price determined as set forth in the Reorganization Agreement. Each option to purchase shares of issuer common stock is subject to the same terms and conditions as the corresponding option to purchase shares of Oakwood common stock immediately prior to the effective time of the Merger.

SEC source: 0001437749-24-031112 · rdgdoc.xml · derivative · entry 4

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 767

Underlying: Common Stock · 767 shares

Expires 2031-01-01

F4 · derivative.exercise_date: Pursuant to the Agreement and Plan of Reorganization (the "Reorganization Agreement") by and between the issuer and Oakwood, each outstanding and unexercised option to purchase shares of Oakwood common stock became fully vested and was automatically converted into an option to purchase shares of issuer common stock, with the number of underlying shares and the exercise price determined as set forth in the Reorganization Agreement. Each option to purchase shares of issuer common stock is subject to the same terms and conditions as the corresponding option to purchase shares of Oakwood common stock immediately prior to the effective time of the Merger.

SEC source: 0001437749-24-031112 · rdgdoc.xml · derivative · entry 3

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 511

Underlying: Common Stock · 511 shares

Expires 2029-10-16

F4 · derivative.exercise_date: Pursuant to the Agreement and Plan of Reorganization (the "Reorganization Agreement") by and between the issuer and Oakwood, each outstanding and unexercised option to purchase shares of Oakwood common stock became fully vested and was automatically converted into an option to purchase shares of issuer common stock, with the number of underlying shares and the exercise price determined as set forth in the Reorganization Agreement. Each option to purchase shares of issuer common stock is subject to the same terms and conditions as the corresponding option to purchase shares of Oakwood common stock immediately prior to the effective time of the Merger.

SEC source: 0001437749-24-031112 · rdgdoc.xml · nonDerivative · entry 2

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By: Align Opportunities, LP

Disclosed balance after: 238,540

F2 · kind: Acquired in exchange for 466,628 shares of Oakwood in connection with the Merger. At the effective time of the Merger, each share of Oakwood common stock was converted into the right to receive 0.5112 shares of the issuer's common stock. On the effective date of the Merger, the closing price of the issuer's common stock was $24.59 per share. Of the 238,540 shares issued to Align Opportunities, LP in the Merger, 3,550 shares are currently being held in escrow and are subject to forfeiture during the escrow period, which shall be until the later of (i) the date that certain threatened or future litigation directly or indirectly arising out of, involving, or related to Oakwood's banking subsidiary, Oakwood Bank, and a former customer of Oakwood Bank is fully and finally resolved or (ii) two (2) years from the closing date of the Merger.

F2 · price: Acquired in exchange for 466,628 shares of Oakwood in connection with the Merger. At the effective time of the Merger, each share of Oakwood common stock was converted into the right to receive 0.5112 shares of the issuer's common stock. On the effective date of the Merger, the closing price of the issuer's common stock was $24.59 per share. Of the 238,540 shares issued to Align Opportunities, LP in the Merger, 3,550 shares are currently being held in escrow and are subject to forfeiture during the escrow period, which shall be until the later of (i) the date that certain threatened or future litigation directly or indirectly arising out of, involving, or related to Oakwood's banking subsidiary, Oakwood Bank, and a former customer of Oakwood Bank is fully and finally resolved or (ii) two (2) years from the closing date of the Merger.

F3 · ownership.nature: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

SEC source: 0001437749-24-031112 · rdgdoc.xml · nonDerivative · entry 1

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,866

F1 · kind: Acquired in exchange for 9,520 shares of Oakwood Bancshares, Inc. ("Oakwood") in connection with the merger of Oakwood with and into the issuer (the "Merger"). At the effective time of the Merger, each share of Oakwood common stock was converted into the right to receive approximately 0.5112 shares of the issuer's common stock. On the effective date of the Merger, the closing price of the issuer's common stock was $24.59 per share. Of the 4,866 shares issued to the reporting person in the Merger, 72 shares are currently being held in escrow and are subject to forfeiture during the escrow period, which shall be until the later of (i) the date that certain threatened or future litigation directly or indirectly arising out of, involving, or related to Oakwood's banking subsidiary, Oakwood Bank, and a former customer of Oakwood Bank is fully and finally resolved or (ii) two (2) years from the closing date of the Merger.

F1 · price: Acquired in exchange for 9,520 shares of Oakwood Bancshares, Inc. ("Oakwood") in connection with the merger of Oakwood with and into the issuer (the "Merger"). At the effective time of the Merger, each share of Oakwood common stock was converted into the right to receive approximately 0.5112 shares of the issuer's common stock. On the effective date of the Merger, the closing price of the issuer's common stock was $24.59 per share. Of the 4,866 shares issued to the reporting person in the Merger, 72 shares are currently being held in escrow and are subject to forfeiture during the escrow period, which shall be until the later of (i) the date that certain threatened or future litigation directly or indirectly arising out of, involving, or related to Oakwood's banking subsidiary, Oakwood Bank, and a former customer of Oakwood Bank is fully and finally resolved or (ii) two (2) years from the closing date of the Merger.

SEC source: 0001437749-25-021615 · rdgdoc.xml · derivative · entry 6

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 767

Underlying: Common Stock · 767 shares

Expires 2032-08-17

F6 · date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · kind: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · derivative.exercise_date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

SEC source: 0001437749-25-021615 · rdgdoc.xml · derivative · entry 5

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 767

Underlying: Common Stock · 767 shares

Expires 2031-01-01

F6 · date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · kind: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · derivative.exercise_date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

SEC source: 0001437749-25-021615 · rdgdoc.xml · derivative · entry 4

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 511

Underlying: Common Stock · 511 shares

Expires 2029-10-16

F6 · date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · kind: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · derivative.exercise_date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

SEC source: 0001437749-26-022046 · rdgdoc.xml · derivative · entry 7

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 767

Underlying: Common Stock · 767 shares

Expires 2032-08-17

F6 · date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · kind: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · derivative.exercise_date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

SEC source: 0001437749-26-022046 · rdgdoc.xml · derivative · entry 6

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 767

Underlying: Common Stock · 767 shares

Expires 2031-01-01

F6 · date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · kind: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · derivative.exercise_date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

SEC source: 0001437749-26-022046 · rdgdoc.xml · derivative · entry 5

Hall William G. · CIK 0002040034 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 511

Underlying: Common Stock · 511 shares

Expires 2029-10-16

F6 · date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · kind: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.

F6 · derivative.exercise_date: The stock options (right to buy) were granted to the reporting person on October 1, 2024, pursuant to the Reorganization Agreement by and between the issuer and Oakwood.