AllianceBernstein Holds 287,833 Shares of Build-A-Bear (BBW)

Rhea-AI Filing Summary

AllianceBernstein L.P. reports beneficial ownership of 287,833 shares of Build-A-Bear Workshop Inc. common stock, representing approximately 2.2% of the class. These shares are held in discretionary client investment advisory accounts and are reported as acquired and held in the ordinary course of business for investment purposes. The filer discloses sole voting power over 268,475 shares and sole dispositive power over the full 287,833 shares. The filing states that the holdings were not acquired to change or influence control of the issuer. No additional transactions, group affiliations, or control claims are disclosed in the document.

Positive

• Reported beneficial ownership of 287,833 shares, representing approximately 2.2% of Build-A-Bear Workshop common stock
• Disclosed sole voting power on 268,475 shares and sole dispositive power on 287,833 shares
• Holdings stated as acquired and held in the ordinary course for investment purposes, not to influence control

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine institutional disclosure: AllianceBernstein holds a modest 2.2% passive stake with sole voting and dispositive powers.

The Schedule 13G/A confirms an institutional passive position of 287,833 shares in BBW, below the 5% threshold that typically triggers Schedule 13D scrutiny. Sole voting power on 268,475 shares indicates the adviser retains voting discretion for most of its position while reporting full dispositive authority for investment decisions. The filing explicitly states holdings are for investment purposes and not aimed at influencing control, which signals a standard index/portfolio or client advisory exposure rather than activist intent. Impact on shareholder dynamics is limited given the sub-5% stake.

Corporate Governance Expert

TL;DR: Governance impact is minimal: reported position is passive and below actionable control thresholds.

From a governance perspective, the disclosure does not signal a change in control or coordinated group activity. The declaration that securities were acquired and are held in the ordinary course of business and not to influence control supports a non-activist posture. Reporting of sole voting authority on the majority of the holdings suggests the adviser will exercise voting rights but not pursue governance changes. For boardroom or strategic implications, the position is immaterial absent further accumulation or coordination with other holders.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Build-A-Bear Workshop Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

120076104

(CUSIP Number)

06/30/2025

(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

AllianceBernstein L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 268,475.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 287,833.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

287,833.00

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)

2.2 %

12

Type of Reporting Person (See Instructions)

IA

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, MO 63103
Item 2.
(a)	Name of person filing: AllianceBernstein L.P. ("AllianceBernstein L.P.")
(b)	Address or principal business office or, if none, residence: 501 Commerce Street, Nashville, TN 37203 All media outlets, please contact Jennifer Will at AllianceBernstein (212-969-1157) with any questions. All other questions can be directed to Section13USFilings@alliancebernstein.com.
(c)	Citizenship: Delaware
(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).
Item 4.	Ownership
(a)	Amount beneficially owned: 287,833 shares acquired solely for investment purposes on behalf of client discretionary investment advisory accounts.* *AllianceBernstein L.P. is a majority owned subsidiary of Equitable Holdings, Inc. ("EQH"). AllianceBernstein operates under independent management and makes independent decisions from EQH and its respective subsidiaries, and EQH calculates and reports beneficial ownership separately from AllianceBernstein pursuant to guidance provided by the Securities and Exchange Commission in Release Number 34-39538 (January 12, 1998).
(b)	Percent of class: 2.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 268,475
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 287,833
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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 securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

AllianceBernstein L.P.

Signature:	Melissa Guerra
Name/Title:	VP/Director of Compliance
Date:	08/13/2025

FAQ

How many BBW shares does AllianceBernstein own?

AllianceBernstein reports beneficial ownership of 287,833 shares of Build-A-Bear Workshop Inc. common stock.

What percentage of BBW does AllianceBernstein's stake represent?

The reported position represents approximately 2.2% of the outstanding class of common stock.

Does AllianceBernstein have voting control over its BBW shares?

Yes. The filing discloses sole voting power for 268,475 shares and sole dispositive power for 287,833 shares.

Is this a passive investment or an attempt to influence control of BBW?

The filing states the securities were acquired and are held in the ordinary course of business for investment purposes and were not acquired to change or influence control.

Is this a Schedule 13G or 13D filing for BBW?

This document is filed as a Schedule 13G (amendment) reporting beneficial ownership by an institutional investor.