X0306 4 2020-09-18 0 0001113809 BUILD A BEAR WORKSHOP INC BBW 0001681743 Kanen David 5850 CORAL RIDGE DR STE 309 CORAL SPRINGS FL 33076 0 0 1 0 0001681614 Kanen Wealth Management LLC 5850 CORAL RIDGE DR STE 309 CORAL SPRINGS FL 33076 0 0 1 0 0001688522 Philotimo Fund, LP 5850 CORAL RIDGE DR STE 309 CORAL SPRINGS FL 33076 0 0 1 0 COMMON STOCK 2020-09-18 4 S 0 525000 3.4119 D 10007 I PHILOTIMO FUND, LP COMMON STOCK 2020-09-21 4 S 0 56207 3.2651 D 811013 I KANEN WEALTH MANAGEMENT, LLC COMMON STOCK 2020-09-22 4 S 0 9024 3.251 D 801989 I KANEN WEALTH MANAGEMENT, LLC COMMON STOCK 52584 D 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 5.5% 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, 864,580 shares of Common Stock, which represent approximately 5.5% 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 801,989 shares of Common Stock held in customer accounts managed by KWM (including the 52,584 shares held in Mr. Kanen's account) and the 10,007 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. 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. /s/ David L. Kanen 2020-09-22 /s/ Kanen Wealth Management LLC By: David L. Kanen, Managing Member 2020-09-22 /s/ The Philotimo Fund By: David L. Kanen 2020-09-22