BJRI insider files Form 144 to sell 9,521 shares valued at $338,062

Rhea-AI Filing Summary

BJ's Restaurants, Inc. (BJRI) filed a Form 144 notifying of a proposed sale of 9,521 common shares through Morgan Stanley Smith Barney on the NASDAQ, with an aggregate market value of $338,062.15. The filing lists total shares outstanding of 22,124,179, making the proposed sale roughly 0.043% of outstanding common stock. The shares were acquired as 4,216 performance shares on 02/19/2020 and 5,305 restricted shares on 10/30/2018. No sales by the reporting person were reported in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• None.

Negative

• Proposed insider sale disclosed: 9,521 shares valued at $338,062.15 are planned to be sold, which could be noted by investors monitoring insider activity.

Insights

Financial Analyst

TL;DR: Routine insider sale notice for a small percentage of outstanding stock; not material to valuation alone.

The Form 144 indicates a planned brokered sale of 9,521 shares valued at $338,062.15, representing about 0.043% of BJRI's 22.1 million shares outstanding. The shares were acquired via company compensation (performance and restricted stock) in 2018 and 2020, which suggests these are vested equity awards being liquidated. There are no reported sales in the prior three months. On its own, this filing appears to be a routine disposition of granted shares and is unlikely to be materially value-changing for investors.

Corporate Governance Expert

TL;DR: Disclosure follows Rule 144 requirements; timing and source of shares imply compensation-related sale, not necessarily signaling new governance issues.

The filing properly identifies the broker, planned sale date (~08/19/2025), and the acquisition details (performance shares 02/19/2020 and restricted stock 10/30/2018). The representation that no undisclosed material adverse information is known is standard. Absence of recent sales in the prior three months and the stated acquisition types are consistent with routine post-vesting sales by an insider. This notice does not indicate governance concerns or extraordinary insider activity.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	9521	338062.15	22124179	08/19/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/19/2020	Performance Shares	Issuer			4216	02/19/2020	Not Applicable
Common	10/30/2018	Restricted Stock	Issuer			5305	10/30/2018	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the BJRI Form 144 disclose?

The filing discloses a proposed sale of 9,521 common shares via Morgan Stanley Smith Barney on NASDAQ with aggregate value $338,062.15.

When is the approximate date of the planned sale in the Form 144 for BJRI?

The approximate date of sale listed is 08/19/2025.

How many BJ's Restaurants shares are outstanding per the filing?

The filing reports 22,124,179 shares outstanding.

What is the origin of the shares being sold according to the filing?

The shares were acquired as 4,216 performance shares on 02/19/2020 and 5,305 restricted stock on 10/30/2018.

Has the reporting person sold BJRI shares in the past three months?

No sales were reported in the past three months ("Nothing to Report").

Does the filing state undisclosed material information exists?

The signer represents they do not know any material adverse information that has not been publicly disclosed.