Todorovic Vojin 4

What Happened

• Vojin Todorovic, Chief Financial Officer of Build-A-Bear Workshop, received three grants totaling 15,970 restricted shares on 2026-04-14. The grants were reported on a Form 4 filed 2026-04-16. The awards are grants (transaction code A); price is listed as $0 / not applicable for restricted stock.
• Grants detail: 1,182 shares (payout of earned performance share award tied to FY2023–2025; vests April 30, 2026, subject to continued employment), 5,916 shares (restricted stock that vests in equal installments April 30, 2027/2028/2029), and 8,872 shares (retention restricted stock that vests over time). Total shares received = 15,970. No cash changed hands for these restricted stock grants.

Key Details

• Transaction date (reporting period): 2026-04-14; Form 4 filed: 2026-04-16.
• Transaction type: Awards/Grants of restricted stock (code A); price not applicable for restricted stock (footnote F2).
• Vesting: performance award vests 4/30/2026 (F1); 5,916-share grant vests in equal installments 4/30/2027, 4/30/2028, 4/30/2029 (F3); 8,872-share retention grant vests over time (F4).
• Shares owned after transaction: 55,469 shares of common stock and 25,748 shares of restricted stock (F5) — this reflects holdings after giving effect to the reported grants.
• These awards were issued under the company’s shareholder‑approved equity incentive plan and include a performance-based payout component for fiscal years 2023–2025 (F1).
• Filing appears timely (no late‑filing indicator reported).

Context

• These transactions are compensation-related awards (not open‑market purchases or sales). Restricted stock grants are commonly used for performance pay and retention and vest over time or upon meeting performance conditions. They do not by themselves indicate the insider is buying or selling shares in the market.