BUSINESS FIRST BANCSHARES IN

Ticker: BFST CUSIP: 12326C105 Class: Common Stock

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 8,235 Value ($000) $215 Avg Close $25.09 Range $22.31 - $28.31

Q3 2025

Shares 8,792 Value ($000) $208 Avg Close $24.40 Range $22.24 - $26.18

Q2 2025

Shares 8,186 Value ($000) $202 Avg Close $23.05 Range $19.62 - $24.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	8,235	$215	$25.09	$22.31 - $28.31
Q3 2025	8,792	$208	$24.40	$22.24 - $26.18
Q2 2025	8,186	$202	$23.05	$19.62 - $24.60