Jennifer Kretchmar - Dec 7, 2021 Form 4 Insider Report for BUILD-A-BEAR WORKSHOP INC (BBW)

Role
Chief Digital and Merchandising Officer
Signature
/s/ Eric R. Fencl, attorney-in-fact for Jennifer Kretchmar
Stock symbol
BBW
Transactions as of
Dec 7, 2021
Transactions value $
-$740,803
Form type
4
Date filed
12/9/2021, 03:07 PM
Previous filing
Oct 8, 2021
Next filing
Apr 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBW Common Stock Options Exercise $45.4K +3.97K +2.44% $11.43 166K Dec 7, 2021 Direct
transaction BBW Common Stock Options Exercise $305K +22.3K +13.4% $13.69 189K Dec 7, 2021 Direct
transaction BBW Common Stock Options Exercise $63K +7.12K +3.77% $8.85 196K Dec 7, 2021 Direct
transaction BBW Common Stock Options Exercise $278K +32.3K +16.47% $8.60 228K Dec 7, 2021 Direct
transaction BBW Common Stock Sale -$828K -38.3K -16.79% $21.62 190K Dec 7, 2021 Direct F1
transaction BBW Common Stock Sale -$604K -27.4K -14.42% $22.07 163K Dec 7, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BBW Employee Stock Option (Right to Buy) Options Exercise $0 -3.97K -100% $0.00* 0 Dec 7, 2021 Common Stock 3.97K $11.43 Direct F4
transaction BBW Employee Stock Option (Right to Buy) Options Exercise $0 -22.3K -100% $0.00* 0 Dec 7, 2021 Common Stock 22.3K $13.69 Direct F5
transaction BBW Employee Stock Option (Right to Buy) Options Exercise $0 -7.12K -100% $0.00* 0 Dec 7, 2021 Common Stock 7.12K $8.85 Direct F6
transaction BBW Employee Stock Option (Right to Buy) Options Exercise $0 -32.3K -100% $0.00* 0 Dec 7, 2021 Common Stock 32.3K $8.60 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.

Remarks:

Chief Digital and Merchandising Officer