Build-A-Bear director granted 2,663 restricted shares

Iyengar Narayan Raghu reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Iyengar Narayan Raghu reported acquisition or exercise transactions in this Form 4 filing.

Build-A-Bear Workshop director Narayan Raghu Iyengar received 2,663 shares of restricted common stock as an equity award. The grant has no cash purchase price and represents compensation rather than an open-market transaction. The restricted shares are scheduled to vest on June 11, 2027.

After this award and subsequent vesting activity described in the footnotes, he beneficially owns 16,053 shares of common stock and 2,663 shares of restricted stock. The Form 4 shows 18,716 shares of common stock held directly immediately following the reported grant.

Insider Trade Summary

Grant/Award: 2,663 shares

Grant/Award 1 txn

Insider Iyengar Narayan Raghu

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,663	$0.00	$0.00

Holdings After Transaction: Common Stock — 18,716 shares (Direct)

Footnotes (3)

1. F1. Grant to Reporting Person of 2,663 shares of restricted stock. The shares vest on June 11, 2027.
2. F2. Price is not applicable to grants of restricted stock.
3. F3. After giving effect to the transaction reported in this Form 4, Mr. Iyengar directly beneficially owns 16,053 shares of common stock and 2,663 shares of restricted stock of Build-A-Bear Workshop, Inc. 1,856 restricted shares vested on June 12, 2026, a day after the above reported transaction. For purposes of this footnote, we have included these 1,856shares as common stock instead of restricted, making this footnote accurate as of the date of filing.

Key Figures

Restricted stock grant: 2,663 shares Grant price: $0.0000 per share Vesting date: June 11, 2027 +4 more

7 metrics

Restricted stock grant 2,663 shares Restricted common stock awarded to director on June 11, 2026

Grant price $0.0000 per share Equity compensation, not an open-market purchase

Vesting date June 11, 2027 Scheduled vesting date for 2,663 restricted shares

Shares after transaction 18,716 shares Common stock held directly immediately following the reported grant

Beneficial common stock 16,053 shares Common stock beneficially owned as described in footnote

Beneficial restricted stock 2,663 shares Restricted shares beneficially owned as described in footnote

Recently vested restricted shares 1,856 shares Restricted shares that vested on June 12, 2026

Key Terms

restricted stock, vest, beneficially owns, Form 4

4 terms

restricted stock financial

"Grant to Reporting Person of 2,663 shares 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.

vest financial

"The shares vest on June 11, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

beneficially owns financial

"Mr. Iyengar directly beneficially owns 16,053 shares of common stock and 2,663 shares of restricted stock"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

Form 4 regulatory

"After giving effect to the transaction reported in this Form 4, Mr. Iyengar directly beneficially owns"

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.

FAQ

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

What transaction did Narayan Raghu Iyengar report for Build-A-Bear Workshop (BBW)?

He reported receiving 2,663 shares of restricted common stock as an equity grant. The award was recorded at a price of $0.00 per share, reflecting compensation rather than a market purchase, and increased his directly held position in Build-A-Bear Workshop stock.

Is the Build-A-Bear (BBW) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant of restricted stock, not an open-market purchase. Code “A” identifies it as a grant, award, or other acquisition, and the per-share price is listed as $0.0000, confirming it is compensation-based equity rather than a cash-funded trade.

When do Narayan Raghu Iyengar’s new Build-A-Bear restricted shares vest?

The 2,663 restricted shares granted to him are scheduled to vest on June 11, 2027. Vesting means the restrictions lapse and the shares become fully owned, aligning director compensation with longer-term company performance over the specified vesting period.

How many Build-A-Bear (BBW) shares does Narayan Raghu Iyengar beneficially own after this Form 4?

After this grant and footnoted vesting, he beneficially owns 16,053 shares of common stock and 2,663 shares of restricted stock. The Form 4 also reports 18,716 shares of common stock held directly immediately following the reported restricted stock award transaction.

Did Narayan Raghu Iyengar sell any Build-A-Bear shares in this Form 4 filing?

The filing does not report any sales; it shows only an acquisition via restricted stock grant. Transaction code “A” with an acquisition direction indicates a grant or award, and the transaction summary lists no sell or dispose transactions for this reporting period.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/12/2026 - 09:27 AM 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^*

Iyengar Narayan Raghu

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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	06/11/2026		A		2,663(1)	A	(2)	18,716(3)	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. Grant to Reporting Person of 2,663 shares of restricted stock. The shares vest on June 11, 2027.

2. Price is not applicable to grants of restricted stock.

3. After giving effect to the transaction reported in this Form 4, Mr. Iyengar directly beneficially owns 16,053 shares of common stock and 2,663 shares of restricted stock of Build-A-Bear Workshop, Inc. 1,856 restricted shares vested on June 12, 2026, a day after the above reported transaction. For purposes of this footnote, we have included these 1,856shares as common stock instead of restricted, making this footnote accurate as of the date of filing.

Remarks:

EXHIBIT LIST - Exhibit 24 - Power of Attorney for Narayan Iyengar

	/s/ Yevgeny Fundler, as Attorney-in-Fact for Narayan Iyengar	06/12/2026
	** 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)