BUSINESS FIRST BANCSHARES IN

Ticker: BFST CUSIP: 12326C105 Class: Common Stock

Penn Capital Management Company, LLC's Holding History (CIK: 0001158202)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 21,956 Value ($000) $574 Avg Close $25.09 Range $22.31 - $28.31

Q3 2025

Shares 25,191 Value ($000) $595 Avg Close $24.40 Range $22.24 - $26.18

Q2 2025

Shares 21,080 Value ($000) $520 Avg Close $23.05 Range $19.62 - $24.60

Q1 2025

Shares 23,023 Value ($000) $561 Avg Close $25.14 Range $22.32 - $27.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	21,956	$574	$25.09	$22.31 - $28.31
Q3 2025	25,191	$595	$24.40	$22.24 - $26.18
Q2 2025	21,080	$520	$23.05	$19.62 - $24.60
Q1 2025	23,023	$561	$25.14	$22.32 - $27.53