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BJRI Form 4/A: CIO Receives 2,668 Stock Options, Vesting from 2026

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Brian S. Krakower, identified as Chief Information Officer and reporting person for BJ's Restaurants, Inc. (BJRI), filed an amended Form 4 disclosing a grant of non-qualified stock options covering 2,668 shares of common stock. The options carry an exercise price of $34.28, become exercisable beginning 01/15/2026 and expire 01/15/2035. The options vest at 33.3% per year beginning 01/15/2026. The amendment corrects a prior typographical error in the number of derivative securities reported. The reported transaction date context includes 01/15/2025 as the earliest transaction date and an amendment dated 01/16/2025; the filing is signed by an attorney-in-fact on 09/10/2025.

Positive

  • Alignment of interests: Options link the CIO's compensation to long‑term share performance through vesting and exercise mechanics
  • Retention incentive: Vesting schedule of 33.3% per year beginning 01/15/2026 supports multi‑year retention
  • Disclosure corrected: The amended Form 4/A fixes a prior typographical error, improving transparency

Negative

  • Potential dilution: Grant represents 2,668 underlying shares which will dilute existing shareholders if exercised
  • No information on pro rata materiality: Filing does not state the grant's size relative to total outstanding shares, limiting assessment of impact

Insights

TL;DR: Executive received time‑vesting options tying compensation to share performance; modest-sized grant with long exercise window.

The disclosure shows a grant of 2,668 non‑qualified stock options to the company's Chief Information Officer at a $34.28 exercise price, vesting one‑third annually starting January 15, 2026, and expiring January 15, 2035. From an investor perspective, this aligns management incentives with equity performance while providing multi‑year retention through vesting and a long expiration. The amendment corrects a prior typographical error, improving disclosure accuracy. No cash proceeds, sale transactions, or changes to previously reported cash ownership are shown.

TL;DR: Standard equity compensation and corrective amendment; governance process appears routine.

The Form 4/A reports a typical stock‑option grant to an officer who is also noted as a director on the form. Vesting at 33.3% per year is a common retention schedule. The filing corrects a prior numerical typo, indicating post‑grant reporting oversight was addressed. The form does not disclose any accelerated vesting, related party transactions beyond the grant, or departures from standard option terms that would raise governance concerns.

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*
Krakower Brian S

(Last) (First) (Middle)
7755 CENTER AVENUE
SUITE 300

(Street)
HUNTINGTON BEACH CA 92647

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BJs RESTAURANTS INC [ BJRI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Information Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
01/16/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
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
Non-Qualified Stock Options $34.28 01/15/2026 01/15/2035 Common Stock 2,668(1)(2) 2,668 D
Explanation of Responses:
1. These stock options vest 33.3% per year beginning on January 15, 2026.
2. This Form 4/A is being filed to correct a minor typographical error in the number of derivative securities previously reported.
/s/ Jacob J. Guild, Attorney-in-Fact for Brian Krakower 09/10/2025
** 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.

FAQ

Who filed the Form 4/A for BJRI and what is their role?

Brian S. Krakower filed the Form 4/A; he is identified as the company's Chief Information Officer and a reporting person on the form.

What securities were reported in the BJRI Form 4/A?

The report discloses non‑qualified stock options covering 2,668 underlying shares of BJ's Restaurants common stock.

What are the key terms of the options in the filing?

The options have an exercise price of $34.28, become exercisable beginning 01/15/2026, vest at 33.3% per year, and expire on 01/15/2035.

Why was this Form 4/A amended?

The filing states the amendment corrects a minor typographical error in the previously reported number of derivative securities.

When were the transaction and amendment dates recorded?

The earliest transaction date shown is 01/15/2025, the amendment date is 01/16/2025, and the Form 4/A bears a signature date of 09/10/2025.
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Restaurants
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United States
HUNTINGTON BEACH