BJ’s Restaurants (BJRI): Director Receives $125k Equity Grant in Form 4 Filing

Rhea-AI Filing Summary

Form 4 filed on 20 June 2025 discloses that director Bina Chaurasia of BJ’s Restaurants, Inc. (BJRI) received an equity grant of 2,747 Restricted Stock Units (RSUs) on 19 June 2025. The award is coded “A,” indicating an acquisition from the issuer rather than an open-market purchase. Each RSU will convert into one share of BJRI common stock on 19 June 2026, subject to continued service.

The RSUs were valued at a reference price of $45.52 per share, implying a notional grant value of roughly USD 125,000. Following this transaction, Chaurasia’s total beneficial ownership rose to 18,044 shares, which includes 4,790 unvested RSUs. Ownership is reported as direct; no indirect holdings were disclosed.

No derivative securities, sales, or option exercises were reported, and there is no indication that the transaction was executed under a Rule 10b5-1 trading plan. The filing represents routine annual director compensation and is unlikely to have a material effect on the company’s share count or on near-term earnings dilution.

Insights

Securities Analyst

TL;DR – Routine RSU grant to BJRI director; immaterial to valuation, neutral signal.

The 2,747-share RSU grant to director Bina Chaurasia is standard board compensation. At a reference price of $45.52, the grant value is approximately $125k—less than 0.01 % of BJRI’s roughly 23 million shares outstanding—so dilution is de minimis. Because the shares vest in one year, the award modestly strengthens director alignment but does not represent a discretionary open-market buy, which would normally carry a stronger positive governance signal. No accompanying sales or option exercises were disclosed, so the filing neither adds selling pressure nor suggests liquidity needs. In sum, the event is neutral for investors: it confirms ordinary-course equity compensation without altering the investment thesis or financial outlook.

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

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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^*

Chaurasia Bina

(Last) (First) (Middle)

7755 CENTER AVE

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Stock	06/19/2025		A		2,747(1)	A	$45.52	18,044(2)	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

Explanation of Responses:

1. These shares represent a Restricted Stock Unit award vesting in one installment on June 19, 2026. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock.

2. Amount includes 4,790 of unvested Restricted Stock Units.

	/s/ Jacob J. Guild, Attorney-in-Fact for Bina Chaurasia	06/20/2025
	** 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

How many BJRI shares did director Bina Chaurasia acquire according to the Form 4?

She received 2,747 Restricted Stock Units that will settle into common shares upon vesting.

What is Bina Chaurasia’s total BJRI share ownership after the transaction?

Her beneficial ownership increased to 18,044 shares, including unvested RSUs.

When do the newly granted RSUs to Bina Chaurasia vest?

The RSUs vest in a single installment on 19 June 2026.

Was the transaction part of a Rule 10b5-1 trading plan?

The filing did not indicate that it was executed under a Rule 10b5-1 plan.

What is the implied value of the RSU award based on the reference price disclosed?

At $45.52 per share, the 2,747 RSUs represent roughly $125,000 in value.