[Form 4] BJs RESTAURANTS INC Insider Trading Activity
Rhea-AI Filing Summary
BJ's Restaurants EVP & General Counsel Kendra D. Miller exercised stock options and sold shares of common stock. She exercised options for a total of 7,419 shares at strike prices of $37.70 and $35.95 per share, converting them into common stock. On the same date, she completed an open-market sale of 7,419 common shares at a weighted average price of $48.56 per share. Following these transactions, she directly owns 28,599 common shares, which the disclosure notes includes 5,326 unvested Restricted Stock Units.
Positive
- None.
Negative
- None.
Insights
EVP exercised options and sold an equivalent number of shares, a typical liquidity transaction.
The reporting officer of BJ's Restaurants exercised stock options for 7,419 common shares at strike prices of $37.70 and $35.95, then sold 7,419 shares at a weighted average of $48.56. This is a classic exercise-and-sell pattern that turns option value into cash.
After the transactions, she directly holds 28,599 common shares, including 5,326 unvested Restricted Stock Units, so she maintains a meaningful ongoing equity stake. There is no indication of remaining derivative positions in this filing, suggesting these particular options were fully exercised.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock | 2,768 | $0.00 | -- |
| Exercise | Non-Qualified Common Stock | 4,651 | $0.00 | -- |
| Exercise | Common Stock | 2,768 | $35.95 | $100K |
| Exercise | Common Stock | 4,651 | $37.70 | $175K |
| Sale | Common Stock | 7,419 | $48.56 | $360K |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $48.50 to $48.61, inclusive. The reporting person undertakes to provide to BJ's Restaurants, Inc., any security holder of BJ's Restaurants, Inc., or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Amount includes 5,326 of unvested Restricted Stock Units.