Form 4: Build-A-Bear Director Craig Leavitt Reports Stock Transactions, Including Restricted Stock Grant and Common Stock Sale

Build-A-Bear Workshop, Inc. Director Craig Leavitt reported the acquisition of 2,475 restricted shares and the sale of 8,250 common shares, with the sale executed under a pre-arranged 10b5-1 plan.

Summary

• Craig Leavitt, a Director at Build-A-Bear Workshop, Inc. (BBW), reported transactions involving the company's common stock.
• On June 12, 2025, Mr. Leavitt was granted 2,475 shares of restricted stock, which are set to vest on June 12, 2026.
• Also on June 12, 2025, Mr. Leavitt sold 8,250 shares of common stock at a weighted average price of $50.2107 per share.
• The sale transactions occurred at prices ranging from $50.04 to $50.375 per share.
• The sale was conducted pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following these transactions, and accounting for an additional 4,598 restricted shares that vested on June 13, 2025, Mr. Leavitt directly beneficially owns 74,515 shares of common stock and 2,475 shares of restricted stock of Build-A-Bear Workshop, Inc. as of the filing date.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. While there was a sale of common stock, it was pre-planned under a 10b5-1 plan, which mitigates negative interpretations. Simultaneously, the director received a grant of restricted stock, aligning his interests with the company's long-term performance.

Positives

• The grant of 2,475 shares of restricted stock to Director Craig Leavitt aligns his interests with long-term shareholder value.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned sale rather than a reaction to immediate market conditions.

Negatives

• Director Craig Leavitt sold 8,250 shares of common stock, which represents a reduction in his direct common stock holdings.

Future Outlook

The document indicates a future vesting event for 2,475 restricted shares on June 12, 2026, which will convert them into common stock, potentially increasing Mr. Leavitt's common stock holdings at that time.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, common across all publicly traded companies. It reflects a director's individual equity management strategy, which often includes pre-planned sales for diversification or liquidity, alongside equity compensation grants.

Stakeholder Impact

• Shareholders may view the director's sale of common stock as a potential signal, though its execution under a 10b5-1 plan suggests it is not based on new, adverse information.
• The grant of restricted stock to a director reinforces management's alignment with shareholder interests through equity ownership.

Next Steps

• The 2,475 shares of restricted stock granted on June 12, 2025, are scheduled to vest on June 12, 2026.

Key Dates

Recommendation

Keywords

Build-A-Bear Workshop, BBW, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Grant, Director Stock Ownership, 10b5-1 Plan, Equity Compensation