BUILD-A-BEAR WORKSHOP INC — Director's Dealing 2021

Dec 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD-A-BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2021-12-07

Reporting Person: Kretchmar Jennifer (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-07	Common Stock	M	3972	$11.43	Acquired	166491	Direct
2021-12-07	Common Stock	M	22314	$13.69	Acquired	188805	Direct
2021-12-07	Common Stock	M	7122	$8.85	Acquired	195927	Direct
2021-12-07	Common Stock	M	32278	$8.60	Acquired	228205	Direct
2021-12-07	Common Stock	S	38307	$21.6186	Disposed	189898	Direct
2021-12-07	Common Stock	S	27379	$22.0665	Disposed	162519	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-07	Employee Stock Option (Right to Buy)	$11.43	M	3972	Disposed	2024-08-12	Common Stock (3972)	Direct
2021-12-07	Employee Stock Option (Right to Buy)	$13.69	M	22314	Disposed	2026-03-07	Common Stock (22314)	Direct
2021-12-07	Employee Stock Option (Right to Buy)	$8.85	M	7122	Disposed	2027-03-14	Common Stock (7122)	Direct
2021-12-07	Employee Stock Option (Right to Buy)	$8.60	M	32278	Disposed	2023-03-15	Common Stock (32278)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.99, inclusive. The Reporting Person undertakes to provide to Build-A-Bear Workshop, Inc., any security holder of Build-A-Bear Workshop, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.17, inclusive. The Reporting Person undertakes to provide to Build-A-Bear Workshop, Inc., any security holder of Build-A-Bear Workshop, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

F3: After giving effect to the transactions reported in this Form 4, Ms. Kretchmar directly owns 99,430 shares of common stock and 63,089 of restricted stock of Build-A-Bear Workshop, Inc. In addition, Ms. Kretchmar holds vested options to purchase 5,826 shares of Build-A-Bear Workshop, Inc.'s common stock.

F4: The options vested one-third on each of August 12, 2015, 2016 and 2017.

F5: The options vested one-third on each of March 15, 2017, 2018 and 2019.

F6: The options vested one-third on each of March 31, 2018, 2019 and 2020.

F7: The options vested on March 15, 2020.