BUILD-A-BEAR WORKSHOP INC — Director's Dealing 2022

Dec 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BUILD-A-BEAR WORKSHOP INC (BBW)
CIK: 0001113809
Period of Report: 2022-11-30

Reporting Person: Todorovic Vojin (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-30	Common Stock	M	2640	$12.64	Acquired	188583	Direct
2022-11-30	Common Stock	S	2640	$23.0224	Disposed	185943	Direct
2022-11-30	Common Stock	M	22314	$13.69	Acquired	208257	Direct
2022-11-30	Common Stock	S	22314	$23.5008	Disposed	185943	Direct
2022-11-30	Common Stock	M	7122	$8.85	Acquired	193065	Direct
2022-11-30	Common Stock	S	7122	$23.0767	Disposed	185943	Direct
2022-12-01	Common Stock	S	5918	$24.0396	Disposed	180025	Direct
2022-12-01	Common Stock	S	9310	$24.3086	Disposed	170715	Direct
2022-12-02	Common Stock	M	5826	$20.8	Acquired	176541	Direct
2022-12-02	Common Stock	S	5826	$25.0308	Disposed	170715	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-30	Employee Stock Option (Right to Buy)	$12.64	M	2640	Disposed	2024-09-15	Common Stock (2640)	Direct
2022-11-30	Employee Stock Option (Right to Buy)	$13.69	M	22314	Disposed	2026-03-07	Common Stock (22314)	Direct
2022-11-30	Employee Stock Option (Right to Buy)	$8.85	M	7122	Disposed	2027-03-14	Common Stock (7122)	Direct
2022-12-02	Employee Stock Option (Right to Buy)	$20.8	M	5826	Disposed	2025-03-17	Common Stock (5826)	Direct

Footnotes

F1: The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.09, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.50 to $23.53, 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.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.20, 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.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.30, 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.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.185 to $24.40, 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.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.12, 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.

F8: After giving effect to the transactions reported in this Form 4, Mr. Todorovic directly owns 132,274 shares of common stock and 38,441 shares of restricted stock of Build-A-Bear Workshop, Inc.

F9: The options vest in equal annual installments over three years from the date of the grant.

F10: The options vest in equal annual installments on March 31, 2018, March 31, 2019 and March 31, 2020.