Institutional holder De Lisle reports 5.9% in Build-A-Bear (NYSE: BBW)

Rhea-AI Filing Summary

Build-A-Bear Workshop Inc. received an amended ownership report showing a significant institutional stake. De Lisle Partners LLP, reported through Isabelle Cordwell‑Riant as an institutional investment manager, beneficially owns 765,938 shares of Build-A-Bear common stock, representing 5.9% of the outstanding class as of 12/31/2025, with sole voting and dispositive power over these shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

BUILD-A-BEAR WORKSHOP INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

120076104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 120076104

1

Names of Reporting Persons

De Lisle Partners LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 765,938.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 765,938.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

765,938.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.9 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BUILD-A-BEAR WORKSHOP INC
(b)	Address of issuer's principal executive offices: 415 S. 18TH STREET, SUITE 200, ST LOUIS, MISSOURI, 63103
Item 2.
(a)	Name of person filing: Isabelle Cordwell-Riant
(b)	Address or principal business office or, if none, residence: 3 Firs Lane, Poole, BH14 8JG, United Kingdom
(c)	Citizenship: United Kingdom
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 120076104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Institutional Investment Manager
Item 4.	Ownership
(a)	Amount beneficially owned: 765,938
(b)	Percent of class: 5.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 765,938
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 765,938
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Institutional Investment Manager is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

De Lisle Partners LLP

Signature:	Isabelle Cordwell-Riant
Name/Title:	Head of Finance and Compliance
Date:	02/11/2026

FAQ

What ownership stake in Build-A-Bear (BBW) does De Lisle Partners report?

De Lisle Partners, reported through institutional investment manager Isabelle Cordwell-Riant, reports beneficial ownership of 765,938 Build-A-Bear common shares. This represents 5.9% of the company’s outstanding common stock as of December 31, 2025, with sole voting and dispositive power over these shares.

Who is the reporting person in this Build-A-Bear (BBW) Schedule 13G/A?

The reporting person is Isabelle Cordwell-Riant, an institutional investment manager associated with De Lisle Partners LLP. She is identified as Head of Finance and Compliance and files as an institutional investment manager under Schedule 13G, certifying comparability of the applicable foreign regulatory scheme.

Does De Lisle Partners share voting or dispositive power over Build-A-Bear (BBW) shares?

No. The filing states sole power to vote and dispose of 765,938 Build-A-Bear common shares and zero shared voting or dispositive power. This means the reporting institutional manager alone directs voting decisions and sale or transfer decisions for the reported stake.

What percentage of Build-A-Bear (BBW) common stock is reported in this Schedule 13G/A?

The Schedule 13G/A reports beneficial ownership of 5.9% of Build-A-Bear’s common stock. This figure is based on 765,938 shares held with sole voting and dispositive power, indicating the reporting manager is a holder of more than five percent of the class.

Is this Build-A-Bear (BBW) Schedule 13G/A filed on behalf of a group?

No. The filing indicates that group status is not applicable and there is no identification of group members. Items addressing ownership on behalf of another person, subsidiaries, and group arrangements are all marked not applicable, suggesting the reported holdings are not part of a coordinated group.

What type of filer is identified in the Build-A-Bear (BBW) Schedule 13G/A?

The filer is classified as an institutional investment manager. The certification states that the foreign regulatory scheme applicable to the institutional manager is substantially comparable to U.S. regulation and commits to provide information that would otherwise be disclosed in a Schedule 13D upon request.