Business First Bancshares, Inc. (BFST) Insider Trading

Last 12 months

Insiders bought $131k and sold $6.61M on the open market.

None of the selling was scheduled in advance under a 10b5-1 plan. Director William G. Hall sold $364k on Aug 5, 32% of their stake, outside a plan.

Net open-market

−$6.48M

4 buys · 21 sales

Under a 10b5-1 plan

of the value sold

Insiders who bought / sold

2 / 8

executives and directors

Last open-market buy

Jul 2026

Jul 28, 2026

Get an email when BFST's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Aug 21 – 24	George W. Cummings III Director	SoldNo plan 2 parts	14,200	$31.31 average	$445k	7.0%	Form 4
Aug 19	George W. Cummings III Director	SoldNo plan	3,235	$31.80	$103k	1.6%	Form 4
Aug 18	George W. Cummings III Director	SoldNo plan	10,000	$31.78	$318k	4.6%	Form 4
Aug 6	Donald Chad Carter EVP, Correspondent Banking	SoldNo plan	1,875	$31.64	$59k	13%	Form 4
Aug 5	William G. Hall Director	SoldNo plan 2 parts	11,389	$31.97 average	$364k	32%	Form 4
Aug 5	Saundra Strong EVP & General Counsel	SoldNo plan	1,000	$31.98	$32k	17%	Form 4
Aug 3	George W. Cummings III Director	SoldNo plan	10,000	$31.87	$319k	4.4%	Form 4
Jul 30 – 31	George W. Cummings III Director	SoldNo plan 2 parts	20,000	$31.79 average	$636k	8.2%	Form 4
Jul 30	Keith Mansfield EVP&COO of b1Bank	SoldNo plan	4,200	$32.08	$135k	5.2%	Form 4
Jul 28 – 29	George W. Cummings III Director	SoldNo plan 2 parts	20,000	$31.87 average	$637k	7.5%	Form 4
Jul 28 – 29	Joseph Vernon Johnson Director	SoldNo plan 2 parts	12,000	$31.65 average	$380k	6.5%	Form 4
Jul 28	Rick D. Day Director	Bought	1,500	$31.61	$47k	0.6%	Form 4
Jun 10 – 11	George W. Cummings III Director	SoldNo plan 2 parts	20,000	$28.86 average	$577k	7.0%	Form 4
Jun 8	George W. Cummings III Director	SoldNo plan	15,000	$28.54	$428k	5.0%	Form 4
May 27	George W. Cummings III Director	SoldNo plan	11,595	$27.92	$324k	3.7%	Form 4
May 22	George W. Cummings III Director	SoldNo plan	10,000	$27.99	$280k	3.1%	Form 4
Mar 4	George W. Cummings III Director	SoldNo plan	11,000	$27.60	$304k	3.3%	Form 4
Mar 2 – 3	George W. Cummings III Director	SoldNo plan 2 parts	10,000	$27.43 average	$274k	2.9%	Form 4
Feb 25	George W. Cummings III Director	SoldNo plan	20,000	$28.00	$560k	5.5%	Form 4
Feb 10	Rolfe H. McCollister Jr. Director	Bought	120	$29.56	$4k	0.1%	Form 4
Feb 9 – 10	Mark P. Folse Director	SoldNo plan 2 parts	10,000	$29.63 average	$296k	16%	Form 4
Jan 29	Donald Chad Carter EVP, Correspondent Banking	SoldNo plan	3,778	$27.27	$103k	21%	Form 4
Jan 27	Rick D. Day Director	Bought	1,500	$27.55	$41k	0.6%	Form 4
Dec 1, 2025	Greg Robertson EVP and CFO	SoldNo plan	1,400	$26.41	$37k	2.0%	Form 4
Oct 28, 2025	Rick D. Day Director	Bought	1,600	$24.21	$39k	0.6%	Form 4
Aug 22, 2025	Saundra Strong EVP & General Counsel	SoldNo plan	2,363	$25.38	$60k	28%	Form 4
Aug 4, 2025	James J. Buquet III Director	SoldNo plan	5,164	$23.08	$119k	14%	Form 4
Jul 31, 2025	John P. Ducrest Director	Bought	2,225	$23.62	$53k	13%	Form 4
Jun 6, 2025	Rolfe H. McCollister Jr. Director	Bought	680	$23.40	$16k	0.7%	Form 4
May 29, 2025	Greg Robertson EVP and CFO	SoldNo plan	1,086	$23.72	$26k	1.5%	Form 4
Mar 5, 2025	Rick D. Day Director	Bought	1,500	$25.46	$38k	0.6%	Form 4
Nov 13, 2024	James J. Buquet III Director	SoldNo plan 2 parts	14,000	$29.13 average	$408k	27%	Form 4
Nov 7, 2024	Warren McDonald Chief Credit Officer	SoldNo plan	2,560	$28.70	$73k	13%	Form 4
Nov 4, 2024 – Nov 6, 2024	David R. Melville III President and CEO	SoldNo plan 3 parts	20,000	$27.18 average	$544k	8.3%	Form 4
Nov 1, 2024 – Nov 4, 2024	Joseph Vernon Johnson Director	SoldNo plan 2 parts	8,500	$26.35 average	$224k	4.4%	Form 4
Oct 29, 2024 – Oct 30, 2024	Joseph Vernon Johnson Director	SoldNo plan 2 parts	15,500	$27.02 average	$419k	7.5%	Form 4

Aug 21 – 24No plan
George W. Cummings III
Director · sold 14,200 at avg $31.31
$445k
7.0% of stake
Aug 19No plan
George W. Cummings III
Director · sold 3,235 at $31.80
$103k
1.6% of stake
Aug 18No plan
George W. Cummings III
Director · sold 10,000 at $31.78
$318k
4.6% of stake
Aug 6No plan
Donald Chad Carter
EVP, Correspondent Banking · sold 1,875 at $31.64
$59k
13% of stake
Aug 5No plan
William G. Hall
Director · sold 11,389 at avg $31.97
$364k
32% of stake
Aug 5No plan
Saundra Strong
EVP & General Counsel · sold 1,000 at $31.98
$32k
17% of stake
Aug 3No plan
George W. Cummings III
Director · sold 10,000 at $31.87
$319k
4.4% of stake
Jul 30 – 31No plan
George W. Cummings III
Director · sold 20,000 at avg $31.79
$636k
8.2% of stake
Jul 30No plan
Keith Mansfield
EVP&COO of b1Bank · sold 4,200 at $32.08
$135k
5.2% of stake
Jul 28 – 29No plan
George W. Cummings III
Director · sold 20,000 at avg $31.87
$637k
7.5% of stake
Jul 28 – 29No plan
Joseph Vernon Johnson
Director · sold 12,000 at avg $31.65
$380k
6.5% of stake
Jul 28
Rick D. Day
Director · bought 1,500 at $31.61
$47k
0.6% of stake
Jun 10 – 11No plan
George W. Cummings III
Director · sold 20,000 at avg $28.86
$577k
7.0% of stake
Jun 8No plan
George W. Cummings III
Director · sold 15,000 at $28.54
$428k
5.0% of stake
May 27No plan
George W. Cummings III
Director · sold 11,595 at $27.92
$324k
3.7% of stake
May 22No plan
George W. Cummings III
Director · sold 10,000 at $27.99
$280k
3.1% of stake
Mar 4No plan
George W. Cummings III
Director · sold 11,000 at $27.60
$304k
3.3% of stake
Mar 2 – 3No plan
George W. Cummings III
Director · sold 10,000 at avg $27.43
$274k
2.9% of stake
Feb 25No plan
George W. Cummings III
Director · sold 20,000 at $28.00
$560k
5.5% of stake
Feb 10
Rolfe H. McCollister Jr.
Director · bought 120 at $29.56
$4k
0.1% of stake
Feb 9 – 10No plan
Mark P. Folse
Director · sold 10,000 at avg $29.63
$296k
16% of stake
Jan 29No plan
Donald Chad Carter
EVP, Correspondent Banking · sold 3,778 at $27.27
$103k
21% of stake
Jan 27
Rick D. Day
Director · bought 1,500 at $27.55
$41k
0.6% of stake
Dec 1, 2025No plan
Greg Robertson
EVP and CFO · sold 1,400 at $26.41
$37k
2.0% of stake
Oct 28, 2025
Rick D. Day
Director · bought 1,600 at $24.21
$39k
0.6% of stake
Aug 22, 2025No plan
Saundra Strong
EVP & General Counsel · sold 2,363 at $25.38
$60k
28% of stake
Aug 4, 2025No plan
James J. Buquet III
Director · sold 5,164 at $23.08
$119k
14% of stake
Jul 31, 2025
John P. Ducrest
Director · bought 2,225 at $23.62
$53k
13% of stake
Jun 6, 2025
Rolfe H. McCollister Jr.
Director · bought 680 at $23.40
$16k
0.7% of stake
May 29, 2025No plan
Greg Robertson
EVP and CFO · sold 1,086 at $23.72
$26k
1.5% of stake
Mar 5, 2025
Rick D. Day
Director · bought 1,500 at $25.46
$38k
0.6% of stake
Nov 13, 2024No plan
James J. Buquet III
Director · sold 14,000 at avg $29.13
$408k
27% of stake
Nov 7, 2024No plan
Warren McDonald
Chief Credit Officer · sold 2,560 at $28.70
$73k
13% of stake
Nov 4, 2024 – Nov 6, 2024No plan
David R. Melville III
President and CEO · sold 20,000 at avg $27.18
$544k
8.3% of stake
Nov 1, 2024 – Nov 4, 2024No plan
Joseph Vernon Johnson
Director · sold 8,500 at avg $26.35
$224k
4.4% of stake
Oct 29, 2024 – Oct 30, 2024No plan
Joseph Vernon Johnson
Director · sold 15,500 at avg $27.02
$419k
7.5% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch BFST, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Spot a number that looks wrong? Check it in BFST's SEC filings or

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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