Build-A-Bear (BBW) files Form 144 for small 1,755-share insider sale

Rhea-AI Filing Summary

Build-A-Bear Workshop, Inc. (BBW) – Form 144 filing discloses a proposed insider sale of 1,755 common shares through Merrill Lynch on or about 24 June 2025. The aggregate market value of the planned sale is $91,663.65. The seller originally acquired 4,090 shares via a stock-grant transaction on 9 June 2023. No other sales by this individual have occurred in the past three months, and no adverse information is represented to be known by the filer. Shares outstanding total 13,208,592, so the proposed sale represents roughly 0.013 % of the public float.

Positive

• None.

Negative

• Insider selling signal: A company insider intends to sell 1,755 shares, which, although small, may be viewed cautiously by some investors.

Insights

Securities Analyst

TL;DR: Minor Form 144; 1,755-share insider sale (~0.013 % float) is immaterial to BBW valuation.

The filing indicates a routine disposition by an insider via Rule 144. The dollar amount (≈$92k) and fractional ownership being sold are negligible relative to BBW’s $13.2 m share count and typical daily trading volume, suggesting little to no liquidity impact. Absence of additional recent sales and the standard representation of no undisclosed material information further support a neutral interpretation. Investors generally view such small sales as part of normal portfolio diversification rather than a bearish signal.

Corporate Governance Expert

TL;DR: Governance‐neutral; transparent, Rule 144-compliant insider trade with no red flags.

The filer follows proper disclosure, identifying broker, acquisition method (stock grant), and intended sale date. No aggregation issues or prior 90-day transactions appear. Because the sale stems from an equity compensation grant and represents a de minimis percentage of shares outstanding, governance risk is minimal. The attestation that the insider possesses no material non-public information and the absence of a 10b5-1 plan date are standard. Overall, corporate governance impact is neutral.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 1630 South Lindbergh Blvd St Louis MO 63131	1755	91663.65	13208592	06/24/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/09/2023	Stock Grant	Issuer			4090	06/09/2023	Stock Grant

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Build-A-Bear Workshop (BBW) shares are being sold under this Form 144?

1,755 common shares are proposed for sale.

What is the approximate market value of the BBW shares to be sold?

The filing lists an aggregate market value of $91,663.65.

When is the insider planning to complete the BBW share sale?

The approximate sale date disclosed is 24 June 2025.

What percentage of Build-A-Bear Workshop’s outstanding shares does the sale represent?

Roughly 0.013 % of the 13,208,592 shares outstanding.

How were the shares originally acquired by the insider?

They were obtained via a stock grant on 9 June 2023 from the issuer.