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Filing Details

Accession Number:: 0001235110-19-000031
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-09-26 16:39:34
Reporting Period:: 2019-09-24

Accepted Time:: 2019-09-26 16:39:34
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1113809	Build A Bear Workshop Inc	BBW	Retail-Hobby, Toy & Game Shops (5945)	431883836

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1681614	Kanen Wealth Management Llc	5850 Coral Ridge Dr., Suite 309 Coral Springs FL 33076	No	No	No	Yes
1681743	David Kanen	C/O Build-A-Bear Workshop, Inc. 1954 Innerbelt Business Center Drive St. Louis MO 63114	Yes	No	No	No
1688522	Philotimo Fund, Lp	5850 Coral Ridge Dr., Suite 309 Coral Springs FL 33076	No	No	No	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-09-24	9,800	$2.89	881,632	No	4	P	Indirect	Kanen Wealth Management, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Kanen Wealth Management, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	52,584	Direct
Common Stock	535,007	Indirect	The Philotimo Fund, LP

Footnotes

This Form 4 is filed jointly by David Kanen, Kanen Wealth Management, LLC ("KWM") and The Philotimo Fund, LP (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a group that may be deemed to collectively beneficially own approximately 9.7% of the Issuer's outstanding shares of Common Stock. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owners of any securities of the Issuer he or it does not directly own.
Mr. Kanen beneficially owns, pursuant to the beneficial ownership rules of Section 13(d) of the Exchange Act, 1,469,223 shares of Common Stock, which represent approximately 9.7% of the Issuer's outstanding shares of Common Stock. Pursuant to such beneficial ownership rules, Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the 934,216 shares of Common Stock held in customer accounts managed by KWM (including the 52,584 shares held in Mr. Kanen's account) and the 535,007 shares of Common Stock held by The Philotimo Fund, LP, of which KWM is the general partner. Mr. Kanen expressly disclaims such beneficial ownership except to the extent of his pecuniary interest therein. Mr. Kanen does not have a pecuniary interest under Section 16 of the Exchange Act in the shares of Common Stock held in customer accounts managed by KWM other than the 52,584 shares held in Mr. Kanen's account.
The reporting price is the weighted average purchase price per share for 41 transactions in which the purchase prices range from $2.87 to $2.91 per share. The Reporting Persons undertake to provide full information regarding the number of shares sold at each separate sale price upon request of the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer.
This Form 4 also updates the number of shares of Common Stock held by KWM, which was inadvertently understated by 4,248 shares of Common Stock on the Reporting Persons' Form 3 filed on August 5, 2019.
KWM does not have a pecuniary interest in the shares of Common Stock held in customer accounts managed by KWM. The number reflected above excludes 52,584 shares held in Mr. Kanen's account as described in footnote 2 above.
This Form 4 also updates the number of shares of Common Stock held by The Philotimo Fund, LP, which was inadvertently understated by 10,000 shares of Common Stock on the Reporting Persons' Form 3 filed on August 5, 2019.