[Form 4] BJ's Restaurants, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Alexander M. Puchner, Sr. Vice President Brewing Ops at BJ's Restaurants, Inc. (BJRI), reported an insider sale. On 09/08/2025 he disposed of 1,821 shares of BJRI common stock at a reported price of $34.06 per share. After the sale he beneficially owned 10,622 shares directly, which the filing notes includes 3,532 unvested restricted stock units, and 2,891 shares indirectly via a trust. The Form 4 was signed by an attorney-in-fact on 09/09/2025.

Positive

• Clear disclosure of transaction date, price and post-transaction beneficial ownership
• Separation of direct and indirect holdings and explicit note of unvested restricted stock units

Negative

• No statement in the filing indicating a Rule 10b5-1 trading plan or rationale for the sale
• Transaction provides no company performance data to assess material impact on investors

Insights

Financial Analyst

TL;DR: A routine insider sale of 1,821 shares; holdings remain concentrated with both vested and unvested equity.

The transaction is a straightforward Section 16 disclosure showing a sale of 1,821 shares at $34.06 on 09/08/2025. Post-transaction beneficial ownership remains at 10,622 shares direct (including 3,532 unvested RSUs) plus 2,891 indirect via trust. This filing provides no company financial performance data or change in executive role. The sale size relative to total holdings is disclosed, but the filing does not state any Rule 10b5-1 plan or reason for the sale, so no inference about intent or timing can be drawn from the document alone.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 reporting; includes both direct and indirect holdings and unvested awards.

The Form 4 properly identifies the reporting person, relationship to issuer, transaction date, price and post-transaction holdings. It also discloses the presence of 3,532 unvested restricted stock units and indirect ownership via a trust, which is useful for understanding the executive's economic exposure. The filing was executed by an attorney-in-fact and dated 09/09/2025. There is no indication of any amendment or additional arrangements in this submission.

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^*

PUCHNER ALEX

(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)
	Sr. Vice President Brewing Ops

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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 Holding	09/08/2025		S		1,821	D	$34.06	10,622(1)	D
Common Stock Holdings								2,891	I	By Trust

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. Amount includes 3,532 of unvested Restricted Stock Units.

	/s/ Jacob J. Guild, Attorney-in-Fact for Alexander M. Puchner	09/09/2025
	** 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

What did BJRI insider Alexander M. Puchner report on Form 4?

The filing reports a sale of 1,821 shares of BJRI common stock on 09/08/2025 at $34.06 per share and post-transaction holdings of 10,622 direct and 2,891 indirect shares.

How many unvested restricted stock units does Alexander M. Puchner have?

The Form 4 states that the direct holdings include 3,532 unvested restricted stock units.

Does the Form 4 state the reason for the sale or a 10b5-1 plan?

No. The filing does not disclose any reason for the sale nor indicate that it was made pursuant to a Rule 10b5-1 trading plan.

When was the Form 4 signed and by whom?

The Form 4 was signed by Jacob J. Guild, Attorney-in-Fact for Alexander M. Puchner on 09/09/2025.

What relationship does the reporting person have to BJ's Restaurants, Inc. (BJRI)?

The reporting person is listed as Sr. Vice President Brewing Ops and an officer of the issuer.