Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) Not applicable.
(b) Not applicable.
(c) On October 28, 2025, our board of directors approved a stock repurchase program which authorized Business First to repurchase shares of its common stock with an aggregate purchase price of up to $30.0 million from time to time, subject to certain limitations and conditions. The stock repurchase program became effective immediately and will continue until October 28, 2027. The stock repurchase program does not obligate Business First to repurchase any shares of its common stock.
Business First repurchased 176,849 shares for $4.8 million under the 2025 stock repurchase program between April 1, 2026 and June 30, 2026.
Period
Total number of shares purchased
Average price paid per share
Total number of shares purchased as part of publicly announced plans or programs
Approximate dollar value of shares that may yet be purchased under the plan (in thousands)
April 1 through April 30, 2026 10,000 $ 27.43 10,000 $ 23,245
May 1 through May 31, 2026 137,238 27.06 137,238 19,531
June 1 through June 30, 2026 29,611 27.86 29,611 18,706
Total 176,849 $ 27.22 176,849 $ 18,706
Item 3. Defaults upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.