BJ's Restaurants director sells 4,049 shares after exercising

BJ's Restaurants director Noah A. Elbogen reported a combination of option exercises and an open-market sale of the company’s common stock.

Rhea-AI Filing Summary

BJ's Restaurants director Noah A. Elbogen reported a combination of option exercises and an open-market sale of the company’s common stock. On May 29, 2026, he exercised options to acquire a total of 4,049 shares of common stock at exercise prices of $35.95 and $39.33 per share, then sold 4,049 shares at an average price of $47.85 per share.

Following these transactions, Elbogen directly owned 76,235 shares of BJ’s Restaurants common stock, and this amount includes 2,747 unvested Restricted Stock Units. Because the number of shares sold matched the shares acquired through option exercises, his direct share count remained the same while converting option value into cash.

Insider Trade Summary

Exercise and Sale: 4,049 shares ($44K approx. pre-tax spread)

Exercise and Sale 5 txns

Insider Elbogen Noah A.

Role Director

Sold 4,049 shs ($194K)

Approx. gross sale proceeds $194K

Approx. exercise cost $150K

Approx. pre-tax spread $44K

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock	1,281	$0.00	$0.00
Exercise	Non-Qualified Stock	2,768	$0.00	$0.00
Exercise	Common Stock	1,281	$39.33	$50K
Exercise	Common Stock	2,768	$35.95	$100K
Sale	Common Stock	4,049	$47.85	$194K

Holdings After Transaction: Non-Qualified Stock — 0 contracts (Direct); Common Stock — 76,235 shares (Direct)

Footnotes (1)

1. F1. Amount includes 2,747 of unvested Restricted Stock Units.

Key Figures

Shares sold: 4,049 shares Sale price: $47.85/share Option exercise (first grant): 2,768 shares at $35.95/share +4 more

7 metrics

Shares sold 4,049 shares Open-market sale of common stock at $47.85 per share

Sale price $47.85/share Price received for 4,049 BJRI shares sold

Option exercise (first grant) 2,768 shares at $35.95/share Non-qualified stock option exercise into common stock

Option exercise (second grant) 1,281 shares at $39.33/share Non-qualified stock option exercise into common stock

Shares owned after transactions 76,235 shares Direct holdings of BJRI common stock following transactions

Unvested RSUs included 2,747 RSUs Unvested Restricted Stock Units included in ownership total

Net buy/sell shares -4,049 shares Net buy/sell direction in transaction summary (net-sell)

Key Terms

Non-Qualified Stock, Restricted Stock Units, derivative security, open-market sale

4 terms

Non-Qualified Stock financial

"security_title": "Non-Qualified Stock""

Restricted Stock Units financial

"Amount includes 2,747 of unvested Restricted Stock Units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

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

What insider transactions did Noah A. Elbogen report for BJRI?

Noah A. Elbogen reported exercising options for 4,049 BJRI common shares and selling 4,049 shares in an open-market transaction. This combination left his direct share count unchanged while monetizing previously granted stock options.

How many BJRI shares did Noah A. Elbogen sell and at what price?

Elbogen sold 4,049 shares of BJ’s Restaurants (BJRI) common stock at an average price of $47.85 per share. The sale followed option exercises for the same number of shares on the same date.

What option exercises did Noah A. Elbogen report in this BJRI Form 4?

Elbogen exercised non-qualified stock options covering 2,768 BJRI shares at a $35.95 exercise price and 1,281 shares at a $39.33 exercise price. These exercises converted derivative awards into common stock before the same-day share sale.

How many BJRI shares does Noah A. Elbogen own after these transactions?

After the reported transactions, Elbogen directly owned 76,235 shares of BJ’s Restaurants common stock. This figure includes 2,747 unvested Restricted Stock Units that remain subject to vesting conditions under the company’s equity compensation plans.

Did Noah A. Elbogen’s overall BJRI share ownership change after this Form 4?

His direct share count remained 76,235 BJRI shares after exercising options for 4,049 shares and selling 4,049 shares. The pattern reflects an exercise-and-sell transaction converting option value to cash rather than increasing or decreasing his shareholdings.

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 06/01/2026 - 04:30 PM Learn about SEC filing dates

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^*

Elbogen Noah A.

(Last) (First) (Middle)

7755 CENTER AVENUE

SUITE 300

(Street)

HUNTINGTON BEACH CALIFORNIA 92647

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BJs RESTAURANTS INC [ BJRI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/29/2026		M		1,281	A	$39.33	77,516	D
Common Stock	05/29/2026		M		2,768	A	$35.95	80,284	D
Common Stock	05/29/2026		S		4,049	D	$47.85	76,235(1)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock	$39.33	05/29/2026		M			1,281	08/01/2017	08/01/2026	Common Stock	1,281	$0	0	D
Non-Qualified Stock	$35.95	05/29/2026		M			2,768	01/15/2018	01/15/2027	Common Stock	2,768	$0	0	D

Explanation of Responses:

1. Amount includes 2,747 of unvested Restricted Stock Units.

	/s/ Rana Schirmer, Attorney-in-Fact	06/01/2026
	** 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)