BJ's Restaurants EVP sells 19,261 shares
BJ's Restaurants EVP & General Counsel Kendra D. Miller reported an exercise-and-sell transaction in company stock.
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Form Type
4
Rhea-AI Filing Summary
BJ's Restaurants EVP & General Counsel Kendra D. Miller reported an exercise-and-sell transaction in company stock. On June 18, 2026, she sold 19,261 shares of common stock in open-market trades at a weighted average price of $55.60 per share.
Those shares came from the exercise of non-qualified stock options covering 19,261 shares of common stock at exercise prices between $31.34 and $38.90 per share. After these transactions, she directly owns 28,599 common shares, which the filing notes include 5,326 unvested Restricted Stock Units.
Insider Trade Summary
Exercise and Sale: 19,261 shares ($407K approx. pre-tax spread)
Exercise and Sale
10 txns
Insider
Miller Kendra D
Role
EVP & General Counsel
Sold
19,261 shs ($1.07M)
Approx. gross sale proceeds
$1.07M
Approx. exercise cost
$663K
Approx. pre-tax spread
$407K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock | 7,163 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock | 4,315 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock | 4,545 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock | 3,238 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,163 | $38.90 | $279K |
| Exercise | Common Stock | 4,315 | $32.27 | $139K |
| Exercise | Common Stock | 4,545 | $31.34 | $142K |
| Exercise | Common Stock | 3,238 | $31.86 | $103K |
| Sale | Common Stock | 14,716 | $55.60 | $818K |
| Sale | Common Stock | 4,545 | $55.60 | $253K |
Holdings After Transaction:
Non-Qualified Stock — 0 contracts (Direct);
Common Stock — 28,599 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $55.60 to $55.65, 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.
- F2. Amount includes 5,326 of unvested Restricted Stock Units.
Key Figures
Shares sold: 19,261 shares
Weighted average sale price: $55.60 per share
Options exercised: 19,261 shares
+4 more
7 metrics
Shares sold
19,261 shares
Open-market sales of common stock on June 18, 2026
Weighted average sale price
$55.60 per share
Average price across multiple trades between $55.60 and $55.65
Options exercised
19,261 shares
Non-qualified stock options converted into common stock
Post-transaction holdings
28,599 shares
Common stock directly owned after June 18, 2026 transactions
Unvested RSUs included
5,326 units
Unvested Restricted Stock Units included in total direct holdings
Option exercise prices
$31.34–$38.90 per share
Exercise prices for non-qualified stock options converted to common
Exercise date references
2021–2025 grant exercise dates
Options with exercise dates in 2021, 2023, 2024 and 2025
Key Terms
Non-Qualified Stock, Restricted Stock Units, weighted average price, derivative security, +1 more
5 terms
Non-Qualified Stock financial
"security_title": "Non-Qualified Stock""
Restricted Stock Units financial
"Amount includes 5,326 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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 transaction did BJRI executive Kendra D. Miller report?
EVP & General Counsel Kendra D. Miller reported an exercise-and-sell transaction. She exercised non-qualified stock options for 19,261 BJ's Restaurants shares and sold the same number in open-market trades on June 18, 2026.
What stock options did Kendra D. Miller exercise in this BJRI Form 4?
She exercised non-qualified stock options covering 19,261 shares of BJ's Restaurants common stock. The options carried exercise prices of $31.34, $31.86, $32.27 and $38.90 per share before being fully exercised into common stock.
Were Kendra D. Miller’s BJRI sales open-market transactions?
Yes. The Form 4 identifies the two dispositions as open-market sales of BJ's Restaurants common stock. They are coded with transaction code "S," described as sales in open market or private transactions at market-based prices.
What does the weighted average price disclosure mean for BJRI investors?
The weighted average price shows the average sale price across multiple trades in a narrow range. For these BJ's Restaurants transactions, shares sold between $55.60 and $55.65, giving a weighted average of $55.60 disclosed for transparency.
AI-generated analysis. How Rhea-AI works. Not financial advice.
