Sharon Price John - Jun 22, 2023 Form 4 Insider Report for BUILD-A-BEAR WORKSHOP INC (BBW)

Role
President and CEO, Director
Signature
/s/ Eric R. Fencl, attorney-in-fact for Sharon Price John
Stock symbol
BBW
Transactions as of
Jun 22, 2023
Transactions value $
-$639,377
Form type
4
Date filed
6/26/2023, 07:18 PM
Previous filing
Jun 13, 2023
Next filing
Jun 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBW Common Stock Options Exercise $425K +31K +5.15% $13.69 634K Jun 22, 2023 Direct
transaction BBW Common Stock Sale -$628K -31K -4.9% $20.25 603K Jun 22, 2023 Direct F1, F2
transaction BBW Common Stock Options Exercise $263K +29.7K +4.92% $8.85 632K Jun 22, 2023 Direct
transaction BBW Common Stock Sale -$593K -29.7K -4.69% $20.00 603K Jun 22, 2023 Direct F1
transaction BBW Common Stock Options Exercise $219K +16K +2.65% $13.69 619K Jun 23, 2023 Direct
transaction BBW Common Stock Sale -$324K -16K -2.59% $20.25 603K Jun 23, 2023 Direct F1, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BBW Employee Stock Option (right to buy) Options Exercise -31K -33.37% 62K Jun 22, 2023 Common Stock 31K $13.69 Direct F5, F6
transaction BBW Employee Stock Option (right to buy) Options Exercise -29.7K -100% 0 Jun 22, 2023 Common Stock 29.7K $8.85 Direct F6, F7
transaction BBW Employee Stock Option (right to buy) Options Exercise -16K -25.82% 46K Jun 23, 2023 Common Stock 16K $13.69 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 These shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on March 15, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.25 to $20.27 per share. The Reporting Person undertakes to provide to Build-A-Bear Workshop, Inc., any security holder of Build-A-Bear Workshop, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.25 to $20.29 per share. The Reporting Person undertakes to provide to Build-A-Bear Workshop, Inc., any security holder of Build-A-Bear Workshop, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F4 After giving effect to the transactions reported in this Form 4, Ms. John directly owns 557,380 shares of common stock and 45,401 shares of restricted stock of Build-A-Bear Workshop, Inc. In addition, Ms. John holds vested options to purchase 67,986 shares of Build-A-Bear Workshop, Inc.'s common stock.
F5 The options vest in equal annual installments on March 15, 2017, March 15, 2018, and March 15, 2019.
F6 Price is not applicable to acquisitions resulting from grants of stock options.
F7 The options vest in equal annual installments on March 31, 2018, March 31, 2019 and March 31, 2020.