Build-A-Bear Board Member Reduces Stake While Stock Trades Near Highs

Rhea-AI Filing Summary

Build-A-Bear Workshop director Lesli Rotenberg executed a significant insider sale on June 24, 2025, disposing of 1,755 shares at a weighted average price of $53.518 per share, totaling approximately $93,924.

Following the transaction, Rotenberg's holdings consist of 11,825 shares in total, broken down as:

• 9,969 shares of common stock
• 1,856 shares of restricted stock

The sale was conducted through multiple transactions with prices ranging from $53.4621 to $53.59. This Form 4 filing, submitted by Eric R. Fencl as Attorney-in-Fact, indicates a direct ownership position and was reported within the required SEC disclosure timeframe.

Insider Trade Summary

Net Seller: 1,755 shares ($93,924)

Net Sell 1 txn

Insider Rotenberg Lesli

Role Director

Sold 1,755 shs ($94K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,755	$53.518	$94K

Holdings After Transaction: Common Stock — 11,825 shares (Direct)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.4621 to $53.59 inclusive. The Reporting Person undertakes to provide to Build-A-Bear Workshop, Inc., any security holder of Build-A-Bear Workshop, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. After giving effect to the transaction reported in this Form 4, Ms. Rotenberg directly beneficially owns 9,969 shares of common stock and 1,856 shares of restricted stock of Build-A-Bear Workshop, Inc.

Form 4 Insider Transactions: What Each Field Means →

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^*

Rotenberg Lesli

(Last) (First) (Middle)

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

415 SOUTH 18TH STREET

(Street)

ST. LOUIS MO 63103

(City) (State) (Zip)

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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

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

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

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	06/24/2025		S		1,755	D	$53.518(1)	11,825(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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.4621 to $53.59 inclusive. The Reporting Person undertakes to provide to Build-A-Bear Workshop, Inc., any security holder of Build-A-Bear Workshop, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

2. After giving effect to the transaction reported in this Form 4, Ms. Rotenberg directly beneficially owns 9,969 shares of common stock and 1,856 shares of restricted stock of Build-A-Bear Workshop, Inc.

	/s/ Eric R. Fencl, as Attorney-in-Fact for Lesli Rotenberg	06/26/2025
	** 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.

FAQ

How many BBW shares did director Lesli Rotenberg sell on June 24, 2025?

Director Lesli Rotenberg sold 1,755 shares of Build-A-Bear Workshop (BBW) common stock on June 24, 2025 at a weighted average price of $53.518 per share.

What is the total number of BBW shares owned by Lesli Rotenberg after the June 2025 transaction?

After the transaction, Lesli Rotenberg beneficially owned a total of 11,825 shares, consisting of 9,969 shares of common stock and 1,856 shares of restricted stock of Build-A-Bear Workshop.

What was the price range for BBW shares sold by Lesli Rotenberg in the June 2025 transaction?

The shares were sold in multiple transactions at prices ranging from $53.4621 to $53.59 per share, with a weighted average price of $53.518.

Who signed the Form 4 filing for BBW director Lesli Rotenberg?

The Form 4 was signed by Eric R. Fencl, acting as Attorney-in-Fact for Lesli Rotenberg, on June 26, 2025.