[Form 4] BUILD-A-BEAR WORKSHOP INC Insider Trading Activity

Build-A-Bear Workshop Chief Financial Officer Vojin Todorovic surrendered 1,609 shares of common stock to cover taxes due on vesting of restricted stock.

Rhea-AI Filing Summary

Build-A-Bear Workshop Chief Financial Officer Vojin Todorovic surrendered 1,609 shares of common stock to cover taxes due on vesting of restricted stock. The shares were disposed of at an implied price of $36.94 per share as a tax-withholding transaction, not an open-market sale.

After this event, he directly owns 58,001 shares of common stock and 21,607 shares of restricted stock in Build-A-Bear Workshop, reflecting continued substantial equity exposure to the company.

Insider Trade Summary

Exercise Price or Tax Liability: 1,609 shares

Exercise Price or Tax Liability 1 txn

Insider Todorovic Vojin

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,609	$36.94	$59K

Holdings After Transaction: Common Stock — 79,608 shares (Direct)

Footnotes (2)

1. F1. Shares surrendered in payment of tax withholding due upon vesting of restricted stock.
2. F2. After giving effect to the transactions reported in this Form 4, Mr. Todorovic directly owns 58,001 shares of common stock and 21,607 shares of restricted stock of Build-A-Bear Workshop, Inc.

Key Figures

Shares surrendered for taxes: 1,609 shares Implied share value: $36.94 per share Common shares held after: 58,001 shares +2 more

5 metrics

Shares surrendered for taxes 1,609 shares Tax withholding on restricted stock vesting on April 30, 2026

Implied share value $36.94 per share Valuation used for tax-withholding disposition

Common shares held after 58,001 shares Direct common stock ownership after the transaction

Restricted shares held after 21,607 shares Restricted stock position after tax-withholding event

Total equity-based holdings 79,608 shares Sum of common and restricted shares after the event

Key Terms

restricted stock, tax withholding, Form 4, Chief Financial Officer

4 terms

restricted stock financial

"Shares surrendered in payment of tax withholding due upon vesting of restricted stock."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax withholding financial

"Shares surrendered in payment of tax withholding due upon vesting of restricted stock."

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

Form 4 regulatory

"After giving effect to the transactions reported in this Form 4, Mr. Todorovic directly owns 58,001 shares"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Chief Financial Officer financial

"officer_title": "Chief Financial Officer""

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Build-A-Bear (BBW) CFO Vojin Todorovic report?

He reported surrendering 1,609 shares of common stock to cover taxes on vesting restricted stock. This Form 4 transaction used a tax-withholding method, meaning no open-market sale occurred and it reflects a routine compensation-related event.

Was the Build-A-Bear (BBW) CFO’s 1,609-share disposition an open-market sale?

No, the 1,609-share disposition was for tax withholding upon restricted stock vesting, not an open-market sale. Shares were delivered back to satisfy tax obligations tied to equity compensation, a common administrative transaction for executives.

How many Build-A-Bear (BBW) shares does the CFO hold after this Form 4?

After the reported transaction, CFO Vojin Todorovic directly holds 58,001 shares of common stock and 21,607 shares of restricted stock. These holdings show he maintains a significant equity stake aligned with Build-A-Bear Workshop’s long-term performance.

At what price were the 1,609 Build-A-Bear (BBW) shares valued for tax withholding?

The 1,609 shares surrendered for tax withholding were valued at $36.94 per share. This value determines the tax obligation satisfied by delivering shares instead of paying cash when the restricted stock vested.

Does this Build-A-Bear (BBW) Form 4 indicate any change in the CFO’s confidence?

The filing reflects a routine tax-withholding disposition tied to restricted stock vesting, not a discretionary sale. Such administrative transactions are standard for equity compensation and typically do not signal a change in executive sentiment about the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 04:08 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Todorovic Vojin

(Last) (First) (Middle)

C/O BUILD-A-BEAR WORKSHOP, INC.

415 SOUTH 18TH STREET

(Street)

ST. LOUIS MISSOURI 63103

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BUILD-A-BEAR WORKSHOP INC [ BBW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/30/2026		F		1,609(1)	D	$36.94	79,608(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares surrendered in payment of tax withholding due upon vesting of restricted stock.

2. After giving effect to the transactions reported in this Form 4, Mr. Todorovic directly owns 58,001 shares of common stock and 21,607 shares of restricted stock of Build-A-Bear Workshop, Inc.

	/s/ Yevgeny Fundler, attorney-in-fact for Vojin Todorovic	05/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)