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

Rhea-AI Filing Summary

Jennifer A. Jaffe, EVP & Chief People Officer of BJ's Restaurants, Inc. (BJRI), reported equity awards and option grants executed on 07/15/2025. The filing shows an acquisition of 7,557 restricted stock units (RSUs) that vest in three equal annual installments beginning July 15, 2026, representing a contingent right to one share each. It also reports a non-qualified stock option grant for 10,566 shares with an exercise price of $39.70, exercisable beginning July 15, 2026 and expiring July 15, 2035. Following the reported transactions, Ms. Jaffe beneficially owns 7,557 unvested RSUs and 10,566 options, all held directly.

Positive

• Executive alignment: Grants vest over multiple years, supporting retention and long‑term incentives.
• Clear vesting schedule: RSUs vest in three equal annual installments; options vest ~33.3% per year beginning 07/15/2026.
• Long exercise window: Options expire on 07/15/2035, providing a long timeframe for value realization.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Executive received time‑vesting RSUs and long‑dated options, aligning compensation with multi‑year retention and performance.

The awards are structured with multi‑year vesting (RSUs vesting in three annual installments; options vesting ~33.3% per year starting July 15, 2026), which supports retention and incentives to deliver longer‑term operational performance. The exercise price of $39.70 for the options sets the baseline for any future realized gain and the expiration in 2035 provides a long runway for value creation. These grants are standard for senior executives and signal management alignment with shareholder interests without immediate dilution from vested shares.

Securities Analyst

TL;DR: The disclosure is a routine insider compensation filing; it provides limited near‑term market impact but signals executive commitment.

The Form 4 documents compensation‑related equity rather than open‑market purchases or sales, so direct market impact is likely muted. The reported quantities—7,557 RSUs and 10,566 options—are modest relative to large‑cap share counts but meaningful for executive alignment. Investors should note vesting schedules and exercise price as they affect future dilution timing and potential incentive realization.

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
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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^*

Jaffe Jennifer Anne

(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)
	EVP & Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2025

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	07/15/2025		A		7,557(1)	A	$39.7	7,557(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
Non-Qualified Stock Option	$39.7	07/15/2025		A		10,566(3)		07/15/2026	07/15/2035	Common Stock	10,566	$39.7	10,566	D

Explanation of Responses:

1. These shares represent a Restricted Stock Unit award vesting in three equal annual installments beginning on July 15, 2026. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock.

2. Amount includes 7,557 of unvested Restricted Stock Units.

3. These stock options vest 33.3% per year beginning on July 15, 2026.

	/s/ Jacob J. Guild, Attorney-in-Fact for Jennifer A. Jaffe	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.
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FAQ

What equity did Jennifer A. Jaffe report acquiring in the BJRI Form 4?

The filing reports 7,557 restricted stock units (RSUs) and a non‑qualified stock option for 10,566 shares granted on 07/15/2025.

When do the RSUs and options vest according to the filing?

RSUs vest in three equal annual installments starting July 15, 2026; the options vest 33.3% per year beginning July 15, 2026.

What is the exercise price and expiration for the options?

The non‑qualified stock option has an exercise price of $39.70 and expires July 15, 2035.

How many shares does Ms. Jaffe beneficially own after the reported transactions?

She beneficially owns 7,557 unvested RSUs and 10,566 options, all held directly as reported.

Was this Form 4 filed individually or jointly?

The filing indicates it was filed by one reporting person (individual filing).