[144] BUILD-A-BEAR WORKSHOP INC SEC Filing

Rhea-AI Filing Summary

Build-A-Bear Workshop, Inc. (BBW) filing a Form 144 notifies a proposed sale of 42,643 shares of common stock through Merrill Lynch on the NYSE with an approximate sale date of 09/16/2025. The filing lists an aggregate market value of $3,234,471.50 and reports 13,126,157 shares outstanding, indicating the block equals about 0.325% of outstanding shares. The securities were acquired on 04/30/2024 as a stock grant from the issuer, with payment recorded the same date. The filer reports no sales of the issuer's securities in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information and contains no identifying filer CIK or contact details in the provided content.

Positive

• Transaction transparency: The filing provides clear details on shares, acquisition date, broker, and planned sale date
• No recent dispositions: The filer reports "Nothing to Report" for securities sold in the past three months

Negative

• Filer identity missing in provided content, limiting ability to assess whether the seller is an officer, director, or other insider
• Materiality unclear: While disclosed, the filing alone does not explain the purpose of the sale or relation to any trading plan

Insights

Financial Analyst

TL;DR: Routine insider sale notice for ~0.33% of outstanding shares; transaction stems from a prior stock grant.

The Form 144 discloses a proposed sale of 42,643 shares valued at $3.23 million to be executed via Merrill Lynch on the NYSE. The shares were acquired by the seller as a stock grant on 04/30/2024, so this is a disposal of compensation-related equity rather than an open-market purchase followed by a sale. No sales were reported in the past three months, which suggests this is not part of a recent pattern of dispositions. The position size is small relative to total outstanding shares and is unlikely, by itself, to be market-moving. Missing filer identification details in the provided content limit visibility into the seller's role or potential signaling.

Corporate Governance Expert

TL;DR: Standard Rule 144 notification; governance implications are limited but filer identity is unclear in the provided text.

The notice conforms to Rule 144 mechanics: it specifies acquisition date, nature (stock grant), broker, and planned sale date. The seller’s representation that they lack undisclosed material information is included, as required. From a governance perspective, the key missing element in the supplied extract is the filer identity (CIK/contact), which is important for assessing insider status and potential signaling. Absent that, this filing appears routine and procedural.

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	42643	3234471.5	13126157	09/16/2025	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	04/30/2024	Stock Grant	Issuer			42643	04/30/2024	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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

What does Build-A-Bear Workshop's (BBW) Form 144 disclose?

The Form 144 notifies a proposed sale of 42,643 common shares via Merrill Lynch on the NYSE with an approximate sale date of 09/16/2025 and an aggregate market value of $3,234,471.50.

How and when were the shares being sold acquired?

The shares were acquired on 04/30/2024 as a stock grant from the issuer, with the filing listing payment as the same date.

What percentage of outstanding shares does this proposed sale represent for BBW?

The filing lists 13,126,157 shares outstanding; 42,643 shares represent approximately 0.325% of outstanding shares.

Were any issuer securities sold by the filer in the past three months?

The Form 144 states "Nothing to Report" for securities sold during the past three months.

Which broker and exchange are named for the proposed sale?

The broker is listed as Merrill Lynch, 1630 South Lindbergh Blvd, St Louis MO 63131 and the named exchange is the NYSE.

Does the filing indicate whether the filer knows any undisclosed material information?

Yes, the notice includes the required representation that the person signing the notice does not know any material adverse information about the issuer that has not been publicly disclosed.