AGÕæÈ˹ٷ½

STOCK TITAN

[Form 4] Business First Bancshares, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

BOX Inc. (NYSE: BOX) filed a Form 4 on 30 June 2025 reporting that director Daniel J. Levin received an annual equity award of 6,158 restricted stock units (RSUs) on 27 June 2025 under the company’s Outside Director Compensation Policy. Each RSU converts into one share of Class A common stock at no purchase price. The award will vest 100 % on the earlier of 27 June 2026 or the next annual meeting of shareholders, contingent on Levin’s continued board service.

After this grant, Levin’s total beneficial ownership rises to 57,688 Class A shares, a figure that includes previously awarded but unvested RSUs. The filing shows no share sales and lists the ownership form as direct. No derivative securities were exercised or disposed.

This is a routine director compensation event; it neither alters BOX’s share count materially nor signals any strategic shift. Investors may view the continued equity-based compensation as maintaining alignment between the director and shareholders, but the transaction is not expected to have a meaningful impact on valuation or governance dynamics.

BOX Inc. (NYSE: BOX) ha presentato un Modulo 4 il 30 giugno 2025, segnalando che il direttore Daniel J. Levin ha ricevuto un premio azionario annuale di 6.158 unità azionarie vincolate (RSU) il 27 giugno 2025 secondo la Politica di Compenso per Direttori Esterni della società. Ogni RSU si converte in una azione ordinaria di Classe A senza alcun prezzo di acquisto. Il premio maturerà al 100% entro il 27 giugno 2026 o alla prossima assemblea annuale degli azionisti, a seconda di quale evento si verifichi prima, subordinatamente al continuo servizio di Levin nel consiglio.

Dopo questa assegnazione, la posizione complessiva detenuta da Levin sale a 57.688 azioni di Classe A, includendo RSU precedentemente assegnate ma non ancora maturate. La segnalazione mostra nessuna vendita di azioni e indica che la proprietà è diretta. Non sono stati esercitati o ceduti strumenti derivati.

Si tratta di un evento di compenso ordinario per il direttore; non modifica in modo significativo il numero di azioni BOX né segnala cambiamenti strategici. Gli investitori possono interpretare la continuazione della remunerazione basata su azioni come un modo per mantenere l’allineamento tra il direttore e gli azionisti, ma l’operazione non dovrebbe avere un impatto rilevante su valutazione o dinamiche di governance.

BOX Inc. (NYSE: BOX) presentó un Formulario 4 el 30 de junio de 2025 informando que el director Daniel J. Levin recibió un premio anual en acciones restringidas (RSU) de 6,158 unidades el 27 de junio de 2025 bajo la Política de Compensación para Directores Externos de la empresa. Cada RSU se convierte en una acción ordinaria Clase A sin costo de compra. El premio se consolidará al 100% el 27 de junio de 2026 o en la próxima junta anual de accionistas, lo que ocurra primero, condicionado a que Levin continúe en el consejo.

Tras esta asignación, la posesión total beneficiosa de Levin aumenta a 57,688 acciones Clase A, cifra que incluye RSU previamente otorgadas pero no consolidadas. El informe no muestra ventas de acciones y señala que la propiedad es directa. No se ejercieron ni dispusieron valores derivados.

Este es un evento rutinario de compensación para directores; no altera significativamente el número de acciones de BOX ni indica un cambio estratégico. Los inversores pueden ver la compensación continua basada en acciones como un medio para mantener la alineación entre el director y los accionistas, pero se espera que la transacción no tenga un impacto relevante en la valoración o en la dinámica de gobernanza.

BOX Inc. (NYSE: BOX)ëŠ� 2025ë…� 6ì›� 30ì� 제출í•� Form 4ë¥� 통해 ì´ì‚¬ Daniel J. Levinì� 2025ë…� 6ì›� 27ì� 회사ì� 외부 ì´ì‚¬ ë³´ìƒ ì •ì±…ì—� ë”°ë¼ 6,158ì£¼ì˜ ì œí•œë¶€ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� ì—°ê°„ ì£¼ì‹ ë³´ìƒìœ¼ë¡œ 받았ë‹�ê³� 보고했습니다. ê°� RSUëŠ� 구매 ê°€ê²� ì—†ì´ í´ëž˜ìŠ� A 보통ì£� 1주로 전환ë©ë‹ˆë‹�. ì� ë³´ìƒì€ 2026ë…� 6ì›� 27ì� ë˜ëŠ” ë‹¤ìŒ ì—°ë¡€ 주주ì´íšŒ ì¤� 빠른 시ì ì—� 100% 베스팅ë˜ë©�, Levinì� ì´ì‚¬íš� ì§€ì†� 근무가 조건입니ë‹�.

ì´ë²ˆ ë¶€ì—� ì´í›„ Levinì� ì´� 실질 소유 ì£¼ì‹ ìˆ˜ëŠ” 57,688ì£� í´ëž˜ìŠ� A 주ì‹ìœ¼ë¡œ ì¦ê°€í–ˆìœ¼ë©�, ì´ëŠ” ì´ì „ì—� 부여ë˜ì—ˆìœ¼ë‚� ì•„ì§ ë² ìŠ¤íŒ…ë˜ì§€ ì•Šì€ RSUë� í¬í•¨ë©ë‹ˆë‹�. 제출 서류ì—는 ì£¼ì‹ ë§¤ë„ ë‚´ì—­ì� 없으ë©� 소유 형태ëŠ� ì§ì ‘ 소유ë¡� 기재ë˜ì–´ 있습니다. íŒŒìƒ ì¦ê¶Œì� 행사ë‚� ì²˜ë¶„ì€ ì—†ì—ˆìŠµë‹ˆë‹�.

ì´ëŠ” ì¼ìƒì ì¸ ì´ì‚¬ ë³´ìƒ í–‰ì‚¬ë¡�, BOXì� ì£¼ì‹ ìˆ˜ì— ì‹¤ì§ˆì ì¸ ë³€ë™ì„ 주거ë‚� ì „ëžµì � 변화를 시사하지 않습니다. 투ìžìžë“¤ì€ ì§€ì†ì ì� ì£¼ì‹ ê¸°ë°˜ ë³´ìƒì� ì´ì‚¬ì™€ 주주 ê°„ì˜ ì´í•´ê´€ê³� ì¼ì¹˜ë¥� 유지하는 수단으로 ë³� ìˆ� 있으ë‚�, ì´ë²ˆ 거래가 ê°€ì¹� í‰ê°€ë‚� ì§€ë°°êµ¬ì¡°ì— ì¤‘ëŒ€í•� ì˜í–¥ì� 미칠 것으ë¡� 예ìƒë˜ì§€ëŠ� 않습니다.

BOX Inc. (NYSE: BOX) a déposé un formulaire 4 le 30 juin 2025, indiquant que le directeur Daniel J. Levin a reçu une attribution annuelle de 6 158 unités d’actions restreintes (RSU) le 27 juin 2025, conformément à la politique de rémunération des administrateurs externes de la société. Chaque RSU se convertit en une action ordinaire de classe A sans prix d’achat. L’attribution sera acquise à 100 % au plus tôt entre le 27 juin 2026 ou la prochaine assemblée générale annuelle des actionnaires, sous réserve que Levin continue à siéger au conseil d’administration.

Après cette attribution, la détention bénéficiaire totale de Levin s’élève à 57 688 actions de classe A, incluant les RSU précédemment attribuées mais non acquises. Le dépôt ne montre aucune vente d’actions et indique que la détention est directe. Aucun titre dérivé n’a été exercé ou cédé.

Il s’agit d’un événement de rémunération courant pour un administrateur ; il ne modifie pas de manière significative le nombre d’actions BOX ni ne signale de changement stratégique. Les investisseurs peuvent considérer la rémunération continue en actions comme un moyen de maintenir l’alignement entre l’administrateur et les actionnaires, mais cette opération ne devrait pas avoir d’impact significatif sur la valorisation ou la gouvernance.

BOX Inc. (NYSE: BOX) reichte am 30. Juni 2025 ein Formular 4 ein und berichtete, dass der Direktor Daniel J. Levin am 27. Juni 2025 eine jährliche Aktienzuteilung von 6.158 Restricted Stock Units (RSUs) gemäß der Vergütungspolitik für externe Direktoren des Unternehmens erhalten hat. Jede RSU wandelt sich ohne Kaufpreis in eine Aktie der Klasse A um. Die Zuteilung wird zu 100 % fällig am früheren Datum von 27. Juni 2026 oder der nächsten jährlichen Hauptversammlung, vorausgesetzt, Levin bleibt im Vorstand.

Nach dieser Zuteilung steigt Levins gesamtes wirtschaftliches Eigentum auf 57.688 Aktien der Klasse A, einschließlich zuvor gewährter, aber noch nicht fälliger RSUs. Die Meldung zeigt keine Aktienverkäufe und gibt an, dass das Eigentum direkt gehalten wird. Es wurden keine derivativen Wertpapiere ausgeübt oder veräußert.

Dies ist ein routinemäßiges Vergütungsereignis für Direktoren; es verändert die Aktienanzahl von BOX nicht wesentlich und signalisiert keine strategische Änderung. Investoren können die fortgesetzte aktienbasierte Vergütung als Mittel zur Wahrung der Interessenangleichung zwischen Direktor und Aktionären sehen, doch wird erwartet, dass die Transaktion keinen wesentlichen Einfluss auf Bewertung oder Governance hat.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU grant to director; no shares sold; negligible impact on BOX fundamentals.

The Form 4 shows a standard annual RSU award of 6,158 units to Daniel J. Levin, increasing his stake to 57,688 shares. Because the grant is part of the pre-existing Outside Director Compensation Policy and involves no open-market purchase or sale, it carries little informational value regarding insider sentiment or future performance. Vesting is straightforward—one-year cliff or next AGM—mirroring prior grants. Overall, this is customary board compensation and should be viewed as not impactful for short-term trading or long-term valuation.

BOX Inc. (NYSE: BOX) ha presentato un Modulo 4 il 30 giugno 2025, segnalando che il direttore Daniel J. Levin ha ricevuto un premio azionario annuale di 6.158 unità azionarie vincolate (RSU) il 27 giugno 2025 secondo la Politica di Compenso per Direttori Esterni della società. Ogni RSU si converte in una azione ordinaria di Classe A senza alcun prezzo di acquisto. Il premio maturerà al 100% entro il 27 giugno 2026 o alla prossima assemblea annuale degli azionisti, a seconda di quale evento si verifichi prima, subordinatamente al continuo servizio di Levin nel consiglio.

Dopo questa assegnazione, la posizione complessiva detenuta da Levin sale a 57.688 azioni di Classe A, includendo RSU precedentemente assegnate ma non ancora maturate. La segnalazione mostra nessuna vendita di azioni e indica che la proprietà è diretta. Non sono stati esercitati o ceduti strumenti derivati.

Si tratta di un evento di compenso ordinario per il direttore; non modifica in modo significativo il numero di azioni BOX né segnala cambiamenti strategici. Gli investitori possono interpretare la continuazione della remunerazione basata su azioni come un modo per mantenere l’allineamento tra il direttore e gli azionisti, ma l’operazione non dovrebbe avere un impatto rilevante su valutazione o dinamiche di governance.

BOX Inc. (NYSE: BOX) presentó un Formulario 4 el 30 de junio de 2025 informando que el director Daniel J. Levin recibió un premio anual en acciones restringidas (RSU) de 6,158 unidades el 27 de junio de 2025 bajo la Política de Compensación para Directores Externos de la empresa. Cada RSU se convierte en una acción ordinaria Clase A sin costo de compra. El premio se consolidará al 100% el 27 de junio de 2026 o en la próxima junta anual de accionistas, lo que ocurra primero, condicionado a que Levin continúe en el consejo.

Tras esta asignación, la posesión total beneficiosa de Levin aumenta a 57,688 acciones Clase A, cifra que incluye RSU previamente otorgadas pero no consolidadas. El informe no muestra ventas de acciones y señala que la propiedad es directa. No se ejercieron ni dispusieron valores derivados.

Este es un evento rutinario de compensación para directores; no altera significativamente el número de acciones de BOX ni indica un cambio estratégico. Los inversores pueden ver la compensación continua basada en acciones como un medio para mantener la alineación entre el director y los accionistas, pero se espera que la transacción no tenga un impacto relevante en la valoración o en la dinámica de gobernanza.

BOX Inc. (NYSE: BOX)ëŠ� 2025ë…� 6ì›� 30ì� 제출í•� Form 4ë¥� 통해 ì´ì‚¬ Daniel J. Levinì� 2025ë…� 6ì›� 27ì� 회사ì� 외부 ì´ì‚¬ ë³´ìƒ ì •ì±…ì—� ë”°ë¼ 6,158ì£¼ì˜ ì œí•œë¶€ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� ì—°ê°„ ì£¼ì‹ ë³´ìƒìœ¼ë¡œ 받았ë‹�ê³� 보고했습니다. ê°� RSUëŠ� 구매 ê°€ê²� ì—†ì´ í´ëž˜ìŠ� A 보통ì£� 1주로 전환ë©ë‹ˆë‹�. ì� ë³´ìƒì€ 2026ë…� 6ì›� 27ì� ë˜ëŠ” ë‹¤ìŒ ì—°ë¡€ 주주ì´íšŒ ì¤� 빠른 시ì ì—� 100% 베스팅ë˜ë©�, Levinì� ì´ì‚¬íš� ì§€ì†� 근무가 조건입니ë‹�.

ì´ë²ˆ ë¶€ì—� ì´í›„ Levinì� ì´� 실질 소유 ì£¼ì‹ ìˆ˜ëŠ” 57,688ì£� í´ëž˜ìŠ� A 주ì‹ìœ¼ë¡œ ì¦ê°€í–ˆìœ¼ë©�, ì´ëŠ” ì´ì „ì—� 부여ë˜ì—ˆìœ¼ë‚� ì•„ì§ ë² ìŠ¤íŒ…ë˜ì§€ ì•Šì€ RSUë� í¬í•¨ë©ë‹ˆë‹�. 제출 서류ì—는 ì£¼ì‹ ë§¤ë„ ë‚´ì—­ì� 없으ë©� 소유 형태ëŠ� ì§ì ‘ 소유ë¡� 기재ë˜ì–´ 있습니다. íŒŒìƒ ì¦ê¶Œì� 행사ë‚� ì²˜ë¶„ì€ ì—†ì—ˆìŠµë‹ˆë‹�.

ì´ëŠ” ì¼ìƒì ì¸ ì´ì‚¬ ë³´ìƒ í–‰ì‚¬ë¡�, BOXì� ì£¼ì‹ ìˆ˜ì— ì‹¤ì§ˆì ì¸ ë³€ë™ì„ 주거ë‚� ì „ëžµì � 변화를 시사하지 않습니다. 투ìžìžë“¤ì€ ì§€ì†ì ì� ì£¼ì‹ ê¸°ë°˜ ë³´ìƒì� ì´ì‚¬ì™€ 주주 ê°„ì˜ ì´í•´ê´€ê³� ì¼ì¹˜ë¥� 유지하는 수단으로 ë³� ìˆ� 있으ë‚�, ì´ë²ˆ 거래가 ê°€ì¹� í‰ê°€ë‚� ì§€ë°°êµ¬ì¡°ì— ì¤‘ëŒ€í•� ì˜í–¥ì� 미칠 것으ë¡� 예ìƒë˜ì§€ëŠ� 않습니다.

BOX Inc. (NYSE: BOX) a déposé un formulaire 4 le 30 juin 2025, indiquant que le directeur Daniel J. Levin a reçu une attribution annuelle de 6 158 unités d’actions restreintes (RSU) le 27 juin 2025, conformément à la politique de rémunération des administrateurs externes de la société. Chaque RSU se convertit en une action ordinaire de classe A sans prix d’achat. L’attribution sera acquise à 100 % au plus tôt entre le 27 juin 2026 ou la prochaine assemblée générale annuelle des actionnaires, sous réserve que Levin continue à siéger au conseil d’administration.

Après cette attribution, la détention bénéficiaire totale de Levin s’élève à 57 688 actions de classe A, incluant les RSU précédemment attribuées mais non acquises. Le dépôt ne montre aucune vente d’actions et indique que la détention est directe. Aucun titre dérivé n’a été exercé ou cédé.

Il s’agit d’un événement de rémunération courant pour un administrateur ; il ne modifie pas de manière significative le nombre d’actions BOX ni ne signale de changement stratégique. Les investisseurs peuvent considérer la rémunération continue en actions comme un moyen de maintenir l’alignement entre l’administrateur et les actionnaires, mais cette opération ne devrait pas avoir d’impact significatif sur la valorisation ou la gouvernance.

BOX Inc. (NYSE: BOX) reichte am 30. Juni 2025 ein Formular 4 ein und berichtete, dass der Direktor Daniel J. Levin am 27. Juni 2025 eine jährliche Aktienzuteilung von 6.158 Restricted Stock Units (RSUs) gemäß der Vergütungspolitik für externe Direktoren des Unternehmens erhalten hat. Jede RSU wandelt sich ohne Kaufpreis in eine Aktie der Klasse A um. Die Zuteilung wird zu 100 % fällig am früheren Datum von 27. Juni 2026 oder der nächsten jährlichen Hauptversammlung, vorausgesetzt, Levin bleibt im Vorstand.

Nach dieser Zuteilung steigt Levins gesamtes wirtschaftliches Eigentum auf 57.688 Aktien der Klasse A, einschließlich zuvor gewährter, aber noch nicht fälliger RSUs. Die Meldung zeigt keine Aktienverkäufe und gibt an, dass das Eigentum direkt gehalten wird. Es wurden keine derivativen Wertpapiere ausgeübt oder veräußert.

Dies ist ein routinemäßiges Vergütungsereignis für Direktoren; es verändert die Aktienanzahl von BOX nicht wesentlich und signalisiert keine strategische Änderung. Investoren können die fortgesetzte aktienbasierte Vergütung als Mittel zur Wahrung der Interessenangleichung zwischen Direktor und Aktionären sehen, doch wird erwartet, dass die Transaktion keinen wesentlichen Einfluss auf Bewertung oder Governance hat.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
WHITE STEVEN GERARD

(Last) (First) (Middle)
500 LAUREL STREET, SUITE 101

(Street)
BATON ROUGE LA 70801

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Business First Bancshares, Inc. [ BFST ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 13,914(1) D
COMMON STOCK 29,749(1) I By William A. Robinson Trust(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0 06/26/2025 A 1,016 (3) (3) Common Stock 1,016 (3) 1,016 D
Explanation of Responses:
1. No transaction is being reported at this time. This line is only reporting holdings as of June 26, 2025.
2. Represents the holdings of William A. Robinson Private Foundation, of which the reporting person is the trustee. The reporting person disclaims beneficial ownership of registrant common stock held by William A. Robinson Private Foundation except to the extent of his pecuniary interest.
3. 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.
/s/ Heather Roemer, as attorney-in-fact for Steven Gerard White 06/30/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many BOX shares did Director Daniel J. Levin acquire on 27 June 2025?

He was granted 6,158 Class A RSUs (no cash outlay).

What is the vesting schedule for the newly granted RSUs to Levin?

The RSUs vest 100 % on 27 June 2026 or at the next annual shareholder meeting, whichever comes first.

What is Daniel Levin’s total BOX share ownership after the grant?

Following the award, Levin beneficially owns 57,688 Class A shares, including unvested RSUs.

Did the Form 4 report any sale of BOX shares by Director Levin?

No. The filing only records an RSU grant; no shares were sold.

Was the transaction executed under a Rule 10b5-1 trading plan?

The Form 4 does not indicate that the grant was made pursuant to a Rule 10b5-1 plan.
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