Form 4: Build-A-Bear Workshop Director George Carrara Sells Shares Under 10b5-1 Trading Plan

Director George Carrara sold 2,600 shares of Build-A-Bear Workshop Inc. common stock at a weighted average price of $26.3376 per share under a pre-arranged trading plan.

Summary

• On June 7, 2024, George Carrara, a director of Build-A-Bear Workshop Inc., sold 2,600 shares of common stock.
• The sale was executed under a Rule 10b5-1 trading plan established on July 12, 2023.
• The shares were sold at a weighted average price of $26.3376, with individual transaction prices ranging from $26.10 to $26.53.
• Following the transaction, Mr. Carrara directly owns 13,287 shares of common stock and 4,186 shares of restricted stock of Build-A-Bear Workshop, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the director's outlook on the company.

Industry Context

Insider trading activity is always closely watched by investors as it can provide signals, although in this case the trading was pre-planned.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates