Form 4: Build-A-Bear Director Sells Shares Under 10b5-1 Plan
Insider Trading Report
Build-A-Bear Workshop Director Craig Leavitt sold 4,250 shares of common stock on October 1, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Craig Leavitt, a Director of Build-A-Bear Workshop, Inc. (BBW), reported the sale of 4,250 shares of common stock.
- The transactions occurred on October 1, 2025, and were executed pursuant to a Rule 10b5-1 trading plan established on July 1, 2025.
- The shares were sold in three separate transactions at weighted average prices of $63.0796, $63.5185, and $64.9207.
- Following these transactions, Mr. Leavitt directly beneficially owns 65,667 shares of common stock and 2,475 shares of restricted stock, totaling 68,142 shares.
Sentiment
Score: 5
Explanation: The sale of shares by a director is generally a neutral event when conducted under a pre-arranged 10b5-1 plan, as it suggests a planned liquidity event rather than a reaction to new information.
Positives
- The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating the transactions were scheduled in advance and not based on immediate, non-public information.
Negatives
- A director reduced their direct beneficial ownership in the company by 4,250 shares.
Risks
- No specific risks beyond the general implication of reduced insider ownership.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This routine insider transaction does not provide specific insights into broader industry trends or competitive landscape for Build-A-Bear Workshop, Inc.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Craig A. Leavitt granted a Power of Attorney to Sharon Price John, Voin Todorovic, and Yevgeny Fundler to execute and file Forms 3, 4, and 5 on his behalf. | 09/10/2025 | Streamlines compliance with Section 16(a) of the Securities Exchange Act of 1934 for the reporting person by delegating filing responsibilities. |
Stakeholder Impact
- Shareholders: Minor impact. The reduction in insider ownership is offset by the transparency and pre-planned nature of the 10b5-1 sale, which typically does not signal a change in management's outlook on the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date Rule 10b5-1 trading plan was entered into by Craig Leavitt. |
| 09/10/2025 | Date Power of Attorney was executed by Craig A. Leavitt. |
| 10/01/2025 | Date of reported stock transactions (sales). |
| 10/02/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThe reported transaction is a routine insider sale conducted under a pre-arranged 10b5-1 trading plan. Such planned sales are generally not indicative of a change in the company's fundamental outlook or performance and therefore do not typically warrant a change in investment recommendation. Investors should continue to evaluate the company based on its broader financial performance and strategic initiatives.
Keywords
BBW, Build-A-Bear Workshop, insider trading, Form 4, stock sale, director, Craig Leavitt, 10b5-1 plan
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