Divisadero Street Capital Management Increases Stake in Build-a-Bear Workshop to 7.9%

On May 15, 2026, Divisadero Street Capital Management, LP, along with William Zolezzi and associated entities, filed a Schedule 13G/A reporting an increased stake in Build-a-Bear Workshop, Inc. (BBW). The filing reveals that the reporting group now beneficially owns a total of 1,024,970 shares of common stock, representing a 7.9% ownership interest in the company. This marks an increase from a previously reported 0.0% position in earlier filings. Specifically, Divisadero Street Capital Management, LP, William Zolezzi, and Divisadero Street Capital, LLC each report shared voting and dispositive power over the full 1,024,970 shares. Additionally, Divisadero Street Partners, L.P. and its general partner, Divisadero Street Partners GP, LLC, report shared power over 709,761 of those shares, or 5.5% of the class. The securities are held directly by advisory clients of Divisadero Street Capital Management, LP. The filing was made under Rule 13d-1(c), indicating a passive investment intent without the purpose of influencing control over the issuer.