Bj’s Restaurants, Inc.
A casual-dining restaurant chain known for deep-dish pizzas, handcrafted beers, and its signature Pizookie dessert — a warm cookie baked in a pan and topped with ice cream. It began in 1978 in Santa Ana, California, when the founders had to scrap their planned name "BJ Grunts" after a trademark clash with Chicago's RJ Grunts restaurant, so it opened as BJ's Chicago Pizzeria instead, later evolving into BJ's Restaurant & Brewhouse.
On August 3, 2026, the Reporting Persons completed a block trade (the "Transaction") with an investment bank, as principal (the "Purchaser"), pursuant to which the Reporting Persons sold to the Purchaser: - 710,724 shares of Common Stock; and - warrants to purchase 876,949 shares of Common Stock, which resulted in the issuance of 539,276 shares of Common Stock to the Purchaser upon the Purchaser's immediate cashless exercise of the warrants. The Reporting Persons completed the Transaction solely for the purposes of portfolio diversification and liquidity management and was not related to any change in the Reporting Persons' assessment of the Issuer's business, management, financial condition or prospects.
On August 3, 2026, the Reporting Persons completed a block trade (the "Transaction") with an investment bank, as principal (the "Purchaser"), pursuant to which the Reporting Persons sold to the Purchaser: - 710,724 shares of Common Stock; and - warrants to purchase 876,949 shares of Common Stock, which resulted in the issuance of 539,276 shares of Common Stock to the Purchaser upon the Purchaser's immediate cashless exercise of the warrants. The Reporting Persons completed the Transaction solely for the purposes of portfolio diversification and liquidity management and was not related to any change in the Reporting Persons' assessment of the Issuer's business, management, financial condition or prospects.
On August 3, 2026, the Reporting Persons completed a block trade (the "Transaction") with an investment bank, as principal (the "Purchaser"), pursuant to which the Reporting Persons sold to the Purchaser: - 710,724 shares of Common Stock; and - warrants to purchase 876,949 shares of Common Stock, which resulted in the issuance of 539,276 shares of Common Stock to the Purchaser upon the Purchaser's immediate cashless exercise of the warrants. The Reporting Persons completed the Transaction solely for the purposes of portfolio diversification and liquidity management and was not related to any change in the Reporting Persons' assessment of the Issuer's business, management, financial condition or prospects.
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer.
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer.
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer.
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer.
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer.
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| BJ's Act III, LLC | 13D/AActivist | 1.6% | 349.2K | Aug 5, 2026 |
On August 3, 2026, the Reporting Persons completed a block trade (the "Transaction") with an investment bank, as principal (the "Purchaser"), pursuant to which the Reporting Persons sold to the Purchaser: - 710,724 shares of Common Stock; and - warrants to purchase 876,949 shares of Common Stock, which resulted in the issuance of 539,276 shares of Common Stock to the Purchaser upon the Purchaser's immediate cashless exercise of the warrants. The Reporting Persons completed the Transaction solely for the purposes of portfolio diversification and liquidity management and was not related to any change in the Reporting Persons' assessment of the Issuer's business, management, financial condition or prospects. | ||||
| Act III Holdings, LLC | 13D/AActivist | 1.6% | 349.2K | Aug 5, 2026 |
On August 3, 2026, the Reporting Persons completed a block trade (the "Transaction") with an investment bank, as principal (the "Purchaser"), pursuant to which the Reporting Persons sold to the Purchaser: - 710,724 shares of Common Stock; and - warrants to purchase 876,949 shares of Common Stock, which resulted in the issuance of 539,276 shares of Common Stock to the Purchaser upon the Purchaser's immediate cashless exercise of the warrants. The Reporting Persons completed the Transaction solely for the purposes of portfolio diversification and liquidity management and was not related to any change in the Reporting Persons' assessment of the Issuer's business, management, financial condition or prospects. | ||||
| Ronald M. Shaich | 13D/AActivist | 1.6% | 349.2K | Aug 5, 2026 |
On August 3, 2026, the Reporting Persons completed a block trade (the "Transaction") with an investment bank, as principal (the "Purchaser"), pursuant to which the Reporting Persons sold to the Purchaser: - 710,724 shares of Common Stock; and - warrants to purchase 876,949 shares of Common Stock, which resulted in the issuance of 539,276 shares of Common Stock to the Purchaser upon the Purchaser's immediate cashless exercise of the warrants. The Reporting Persons completed the Transaction solely for the purposes of portfolio diversification and liquidity management and was not related to any change in the Reporting Persons' assessment of the Issuer's business, management, financial condition or prospects. | ||||
| PW Partners Capital Management LLC | 13D/AActivist | 2.6% | 550.7K | Jul 1, 2026 |
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer. | ||||
| Walsh Patrick | 13D/AActivist | 2.6% | 550.7K | Jul 1, 2026 |
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer. | ||||
| PW Partners, LLC | 13D/AActivist | 2.5% | 530.0K | Jul 1, 2026 |
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer. | ||||
| PW Partners Atlas Fund IV LP | 13D/AActivist | 0% | 0 | Jul 1, 2026 |
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer. | ||||
| PW Partners Atlas Fund LP | 13D/AActivist | 0% | 500 | Jul 1, 2026 |
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer. | ||||
| PW Partners Atlas Funds, LLC | 13D/AActivist | 0% | 500 | Jul 1, 2026 |
The Reporting Persons have engaged in transactions in the Common Shares of the Issuer as described in Item 5(c) of this Amendment. Such transactions consist primarily of sales of Common Shares effected in the ordinary course of managing the Reporting Persons investment in the Issuer. As a result of the transactions described herein, including the sales described in Item 5(c), the Reporting Persons have reduced their beneficial ownership of the Common Shares of the Issuer to below five percent of the outstanding Common Shares. Other than as described herein, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate plans or proposals in the future with respect to the Issuer. | ||||
| Woodline Partners LP | 13G/APassive | 4.6% | 983.3K | May 15, 2026 |