Iyengar Narayan Raghu 4

What Happened

• Narayan Iyengar, a director of Build‑A‑Bear Workshop, was granted 2,663 shares of restricted common stock on June 11, 2026. The grant is a restricted stock award (transaction code A); price is not applicable for restricted stock grants. The awarded shares vest on June 11, 2027. This is an award (not a market purchase or sale) and does not involve a cash transaction.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-12 (timely).
• Shares awarded: 2,663 restricted shares; vesting date: June 11, 2027.
• Price/value: N/A for restricted stock grants (per footnote).
• Holdings after grant: reported beneficial ownership of 16,053 common shares and 2,663 restricted shares (footnote notes that 1,856 restricted shares vested on 6/12/2026 and were accounted for as common in the filing).
• Filing exhibits: Exhibit 24 — Power of Attorney for Narayan Iyengar.
• Filing appears timely (reporting period 2026-06-11, filed 2026-06-12).

Context

• Restricted stock awards to directors are a common form of compensation and retention; they differ from open‑market purchases or sales and do not by themselves indicate buying or selling intent. The one‑year vesting schedule means the shares are not transferable until the stated vest date.