What performance period ties to the 1,182-share award for BBW’s CFO?

The 1,182-share restricted stock award represents payout of an earned performance share award. It is based on achievement of performance metrics covering fiscal years 2023, 2024 and 2025, aligning the CFO’s compensation with multi-year company performance results over that period.

Build-A-Bear CFO receives restricted stock awards

Todorovic Vojin reported acquisition or exercise transactions in this Form 4 filing.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Todorovic Vojin reported acquisition or exercise transactions in this Form 4 filing.

Build-A-Bear Workshop’s Chief Financial Officer Vojin Todorovic reported several equity awards of common stock as compensation. He received 1,182 shares of restricted stock upon payout of an earned performance share award tied to performance metrics for fiscal 2023, 2024 and 2025, vesting on April 30, 2026. He was also granted 5,916 restricted shares that vest in equal installments on April 30, 2027, April 30, 2028 and April 30, 2029, plus a 8,872-share retention grant of restricted stock that vests over time. After these grants, he directly holds 55,469 shares of common stock and 25,748 shares of restricted stock in the company.

Insider Trade Summary

Grant/Award: 15,970 shares

Grant/Award 3 txns

Insider Todorovic Vojin

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,182	$0.00	$0.00
Grant/Award	Common Stock	5,916	$0.00	$0.00
Grant/Award	Common Stock	8,872	$0.00	$0.00

Holdings After Transaction: Common Stock — 81,217 shares (Direct)

Footnotes (5)

F1. Grant to reporting person of restricted stock upon payout of earned performance share award under a shareholder-approved equity incentive plan. The payout was based on the level of achievement of performance metrics for fiscal 2023, 2024 and 2025. The shares will vest, subject to the reporting person's continued employment with the issuer, on April 30, 2026.
F2. Price is not applicable to grants of restricted stock.
F3. Grant to reporting person of 5,916 shares of restricted stock. The shares vest in equal installments on April 30, 2027, April 30, 2028, and April 30, 2029.
F4. Retention grant to reporting person of 8,872 shares of restricted stock that vests over time.
F5. After giving effect to the transactions reported in this Form 4, Mr. Todorovic directly owns 55,469 shares of common stock and 25,748 shares of restricted stock of Build-A-Bear Workshop, Inc.

Key Figures

Performance-based restricted stock grant: 1,182 shares Time-vested restricted stock grant: 5,916 shares Retention restricted stock grant: 8,872 shares +3 more

6 metrics

Performance-based restricted stock grant 1,182 shares Payout of earned performance share award for fiscal 2023–2025, vesting April 30, 2026

Time-vested restricted stock grant 5,916 shares Vests in equal installments on April 30, 2027, April 30, 2028 and April 30, 2029

Retention restricted stock grant 8,872 shares Retention grant of restricted stock that vests over time

Common shares held after grants 55,469 shares Direct common stock ownership after reported Form 4 transactions

Restricted shares held after grants 25,748 shares Direct restricted stock holdings after these equity awards

Transaction price per share $0.0000 Price not applicable to grants of restricted stock

Key Terms

restricted stock, performance share award, equity incentive plan, retention grant, +1 more

5 terms

restricted stock financial

"Grant to reporting person of restricted stock upon payout of earned performance share award"

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.

equity incentive plan financial

"earned performance share award under a shareholder-approved equity incentive plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

retention grant financial

"Retention grant to reporting person of 8,872 shares of restricted stock that vests over time"

A retention grant is a promise by a company to give an employee future pay or stock if they remain employed for a set period or meet specific conditions, functioning like a delayed bonus to discourage departures. For investors, retention grants signal efforts to keep key staff and shape management behavior, while also creating future compensation expense and potential share dilution that can affect earnings and shareholder value.

vest financial

"The shares will vest, subject to the reporting person's continued employment with the issuer"

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.

FAQ

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

What insider transaction did Build-A-Bear (BBW) report for its CFO?

Build-A-Bear’s CFO Vojin Todorovic reported equity compensation grants of restricted common stock. The awards include performance-based and retention-focused grants, increasing his direct common and restricted share ownership in the company rather than reflecting any open-market purchases or sales.

How many restricted shares did the Build-A-Bear (BBW) CFO receive?

The CFO received 1,182 restricted shares from a performance share payout, 5,916 restricted shares vesting in three future installments, and a 8,872-share retention grant. These grants are compensation awards with no cash price per share, not market transactions.

When do the new Build-A-Bear (BBW) restricted stock awards vest?

The 1,182 performance-based restricted shares vest on April 30, 2026. The 5,916-share grant vests in equal installments on April 30, 2027, April 30, 2028 and April 30, 2029, while the 8,872-share retention grant vests over time as specified in the award terms.

What are the Build-A-Bear (BBW) CFO’s holdings after these grants?

After these equity grants, CFO Vojin Todorovic directly owns 55,469 shares of Build-A-Bear common stock and 25,748 shares of restricted stock. This reflects his updated equity position, combining fully owned shares with time- or performance-based restricted awards.

Is there a purchase price for the BBW restricted stock grants to the CFO?

There is no purchase price for these restricted stock grants to the CFO. A footnote specifies that price is not applicable to grants of restricted stock, confirming these awards are compensation-based grants rather than shares bought in open-market transactions.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/16/2026 - 06:10 PM EDT

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)
04/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/14/2026		A		1,182⁽¹⁾	A	$0⁽²⁾	66,429	D
Common Stock	04/14/2026		A		5,916⁽³⁾	A	$0⁽²⁾	72,345	D
Common Stock	04/14/2026		A		8,872⁽⁴⁾	A	$0⁽²⁾	81,217⁽⁵⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Grant to reporting person of restricted stock upon payout of earned performance share award under a shareholder-approved equity incentive plan. The payout was based on the level of achievement of performance metrics for fiscal 2023, 2024 and 2025. The shares will vest, subject to the reporting person's continued employment with the issuer, on April 30, 2026.

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

3. Grant to reporting person of 5,916 shares of restricted stock. The shares vest in equal installments on April 30, 2027, April 30, 2028, and April 30, 2029.

4. Retention grant to reporting person of 8,872 shares of restricted stock that vests over time.

5. After giving effect to the transactions reported in this Form 4, Mr. Todorovic directly owns 55,469 shares of common stock and 25,748 shares of restricted stock of Build-A-Bear Workshop, Inc.

	/s/ Yevgeny Fundler, attorney-in-fact for Vojin Todorovic	04/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR