Sharon Price John - Jan 12, 2024 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
Jan 12, 2024
Transactions value $
-$412,152
Form type
4
Date filed
1/17/2024, 06:36 PM
Previous filing
Dec 28, 2023
Next filing
Jan 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBW Common Stock Sale -$277K -12.4K -2.06% $22.27 590K Jan 12, 2024 Direct F1, F2
transaction BBW Common Stock Sale -$135K -6.14K -1.04% $22.02 584K Jan 16, 2024 Direct F1, F3, F4
* 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 September 1, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.025 to $22.59 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 $22.00 to $22.06 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 538,804 shares of common stock and 45,401 shares of restricted stock of Build-A-Bear Workshop, Inc.