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[8-K] BJ's Restaurants, Inc. Reports Material Event

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(Neutral)
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8-K
Rhea-AI Filing Summary

Bloom Energy Corp. (BE) � Form 144 filing: Insider Daniel Berenbaum has notified the SEC of his intent to sell 8,000 common shares through Morgan Stanley Smith Barney on 24 Jul 2025. The proposed sale is valued at $262,850, implying an indicative price of roughly $32.86 per share.

The filing also discloses that Berenbaum has already disposed of 48,300 shares over the last three months in eight separate transactions, generating aggregate gross proceeds of approximately $1.02 million. Recent sales include 6,000 shares on 9 Jul 2025 ($168k) and 14,889 shares on 21 May 2025 ($276.9k). No relationship to the issuer is specified in the form, and the signer affirms possession of no undisclosed material adverse information.

While Form 144 only signals an intention to sell and not a completed transaction, investors often view continued insider liquidation—especially following significant recent sales—as a potential negative sentiment indicator.

Bloom Energy Corp. (BE) � Comunicazione Form 144: L'insider Daniel Berenbaum ha notificato alla SEC la sua intenzione di vendere 8.000 azioni ordinarie tramite Morgan Stanley Smith Barney il 24 luglio 2025. La vendita proposta ha un valore stimato di 262.850 $, corrispondente a un prezzo indicativo di circa 32,86 $ per azione.

La comunicazione rivela inoltre che Berenbaum ha già ceduto 48.300 azioni negli ultimi tre mesi in otto operazioni separate, generando proventi lordi complessivi di circa 1,02 milioni di dollari. Tra le vendite recenti figurano 6.000 azioni il 9 luglio 2025 (168.000 $) e 14.889 azioni il 21 maggio 2025 (276.900 $). Nel modulo non è specificato alcun rapporto con l'emittente, e il firmatario conferma di non possedere informazioni materiali riservate non divulgate.

Pur essendo il Form 144 solo una segnalazione di intenzione di vendita e non una transazione conclusa, gli investitori spesso interpretano continue cessioni da parte degli insider � specialmente dopo vendite significative recenti � come un possibile indicatore di sentiment negativo.

Bloom Energy Corp. (BE) � Presentación del Formulario 144: El insider Daniel Berenbaum ha notificado a la SEC su intención de vender 8,000 acciones comunes a través de Morgan Stanley Smith Barney el 24 de julio de 2025. La venta propuesta está valorada en $262,850, lo que implica un precio indicativo de aproximadamente $32.86 por acción.

El formulario también revela que Berenbaum ya ha vendido 48,300 acciones en los últimos tres meses en ocho transacciones separadas, generando ingresos brutos totales de aproximadamente $1.02 millones. Las ventas recientes incluyen 6,000 acciones el 9 de julio de 2025 ($168k) y 14,889 acciones el 21 de mayo de 2025 ($276.9k). No se especifica ninguna relación con el emisor en el formulario, y el firmante afirma no poseer información material adversa no divulgada.

Si bien el Formulario 144 solo indica una intención de venta y no una transacción completada, los inversores suelen interpretar la continua liquidación por parte de los insiders � especialmente tras ventas significativas recientes � como un posible indicador de sentimiento negativo.

Bloom Energy Corp. (BE) � Form 144 제출: 내부� Daniel Berenbaum� 2025� 7� 24� Morgan Stanley Smith Barney� 통해 8,000� 보통�� 매도� 의사� SEC� 통지했습니다. 제안� 매도 가치는 262,850달러�, 주당 � 32.86달러� 표시 가격을 의미합니�.

제출서류� 또한 Berenbaum� 지� 3개월 동안 8건의 별도 거래� 통해 이미 48,300�� 처분했으�, � 매출액은 � 102� 달러� 달한다고 밝혔습니�. 최근 매도 내역에는 2025� 7� 9� 6,000�(168,000달러)와 2025� 5� 21� 14,889�(276,900달러)가 포함됩니�. 제출서류에는 발행사와� 관계가 명시되어 있지 않으�, 서명자는 공개되지 않은 중요� 부정적 정보가 없음� 확인했습니다.

Form 144� 매도 의사만을 알리� 서류� 완료� 거래� 의미하지 않지�, 투자자들은 특히 최근 대규모 매도 이후 내부자의 지속적� 주식 매각� 부정적 심리� 신호� 해석하는 경우가 많습니다.

Bloom Energy Corp. (BE) � Dépôt du Formulaire 144 : ’iԾپé Daniel Berenbaum a informé la SEC de son intention de vendre 8 000 actions ordinaires via Morgan Stanley Smith Barney le 24 juillet 2025. La vente proposée est estimée à 262 850 $, ce qui implique un prix indicatif d’environ 32,86 $ par action.

Le dépôt révèle également que Berenbaum a déjà cédé 48 300 actions au cours des trois derniers mois en huit transactions distinctes, générant des recettes brutes totales d’environ 1,02 million de dollars. Les ventes récentes incluent 6 000 actions le 9 juillet 2025 (168 000 $) et 14 889 actions le 21 mai 2025 (276 900 $). Aucune relation avec l’émetteur n’est précisée dans le formulaire, et le signataire affirme ne pas détenir d’informations matérielles défavorables non divulguées.

Bien que le Formulaire 144 ne signale qu’une intention de vente et non une transaction réalisée, les investisseurs considèrent souvent les liquidations continues par les initiés � surtout après des ventes récentes importantes � comme un indicateur potentiel de sentiment négatif.

Bloom Energy Corp. (BE) � Form 144 Einreichung: Insider Daniel Berenbaum hat der SEC seine Absicht mitgeteilt, am 24. Juli 2025 über Morgan Stanley Smith Barney 8.000 Stammaktien zu verkaufen. Der vorgeschlagene Verkauf hat einen Wert von 262.850 $, was auf einen indikativen Preis von etwa 32,86 $ pro Aktie hindeutet.

Die Einreichung zeigt außerdem, dass Berenbaum in den letzten drei Monaten bereits 48.300 Aktien in acht separaten Transaktionen veräußert hat und dabei Bruttoerlöse von rund 1,02 Millionen Dollar erzielte. Zu den jüngsten Verkäufen zählen 6.000 Aktien am 9. Juli 2025 (168.000 $) und 14.889 Aktien am 21. Mai 2025 (276.900 $). Im Formular wird keine Beziehung zum Emittenten angegeben, und der Unterzeichner bestätigt, keine nicht offengelegten wesentlichen negativen Informationen zu besitzen.

Obwohl das Form 144 nur eine Verkaufsabsicht signalisiert und keine abgeschlossene Transaktion darstellt, sehen Investoren anhaltende Insider-Verkäufe � insbesondere nach bedeutenden jüngsten Verkäufen � oft als möglichen Indikator für negative Stimmung.

Positive
  • None.
Negative
  • Insider intends to sell an additional 8,000 BE shares valued at $262,850 on 24 Jul 2025.
  • Seller has already liquidated 48,300 shares (~$1.02 M) in the prior three months, indicating a sustained disposal trend.

Insights

TL;DR: Continued insider selling totalling >56k shares may pressure sentiment; transaction size small vs. 232 M float.

Form 144 reveals another 8,000-share planned sale after 48,300 shares were already sold in the past quarter. Although the absolute value (~$263k) is immaterial to Bloom Energy’s market cap, persistent insider selling can raise questions about management’s outlook or stock valuation. The float is 232 M shares, so dilution is irrelevant; the issue is signalling. Investors should track whether these sales occur under a 10b5-1 plan and any upcoming earnings catalysts that could explain timing.

TL;DR: Pattern of insider disposals elevates perception risk, but no regulatory or operational red flags disclosed.

From a governance-risk standpoint, multiple insider sales over a compressed window can erode investor confidence, especially in pre-profit or high-volatility names like BE. However, the filer certifies no undisclosed adverse information, and the filing itself imposes no operational risk. Impact is therefore reputational, not fundamental, and is moderately negative.

Bloom Energy Corp. (BE) � Comunicazione Form 144: L'insider Daniel Berenbaum ha notificato alla SEC la sua intenzione di vendere 8.000 azioni ordinarie tramite Morgan Stanley Smith Barney il 24 luglio 2025. La vendita proposta ha un valore stimato di 262.850 $, corrispondente a un prezzo indicativo di circa 32,86 $ per azione.

La comunicazione rivela inoltre che Berenbaum ha già ceduto 48.300 azioni negli ultimi tre mesi in otto operazioni separate, generando proventi lordi complessivi di circa 1,02 milioni di dollari. Tra le vendite recenti figurano 6.000 azioni il 9 luglio 2025 (168.000 $) e 14.889 azioni il 21 maggio 2025 (276.900 $). Nel modulo non è specificato alcun rapporto con l'emittente, e il firmatario conferma di non possedere informazioni materiali riservate non divulgate.

Pur essendo il Form 144 solo una segnalazione di intenzione di vendita e non una transazione conclusa, gli investitori spesso interpretano continue cessioni da parte degli insider � specialmente dopo vendite significative recenti � come un possibile indicatore di sentiment negativo.

Bloom Energy Corp. (BE) � Presentación del Formulario 144: El insider Daniel Berenbaum ha notificado a la SEC su intención de vender 8,000 acciones comunes a través de Morgan Stanley Smith Barney el 24 de julio de 2025. La venta propuesta está valorada en $262,850, lo que implica un precio indicativo de aproximadamente $32.86 por acción.

El formulario también revela que Berenbaum ya ha vendido 48,300 acciones en los últimos tres meses en ocho transacciones separadas, generando ingresos brutos totales de aproximadamente $1.02 millones. Las ventas recientes incluyen 6,000 acciones el 9 de julio de 2025 ($168k) y 14,889 acciones el 21 de mayo de 2025 ($276.9k). No se especifica ninguna relación con el emisor en el formulario, y el firmante afirma no poseer información material adversa no divulgada.

Si bien el Formulario 144 solo indica una intención de venta y no una transacción completada, los inversores suelen interpretar la continua liquidación por parte de los insiders � especialmente tras ventas significativas recientes � como un posible indicador de sentimiento negativo.

Bloom Energy Corp. (BE) � Form 144 제출: 내부� Daniel Berenbaum� 2025� 7� 24� Morgan Stanley Smith Barney� 통해 8,000� 보통�� 매도� 의사� SEC� 통지했습니다. 제안� 매도 가치는 262,850달러�, 주당 � 32.86달러� 표시 가격을 의미합니�.

제출서류� 또한 Berenbaum� 지� 3개월 동안 8건의 별도 거래� 통해 이미 48,300�� 처분했으�, � 매출액은 � 102� 달러� 달한다고 밝혔습니�. 최근 매도 내역에는 2025� 7� 9� 6,000�(168,000달러)와 2025� 5� 21� 14,889�(276,900달러)가 포함됩니�. 제출서류에는 발행사와� 관계가 명시되어 있지 않으�, 서명자는 공개되지 않은 중요� 부정적 정보가 없음� 확인했습니다.

Form 144� 매도 의사만을 알리� 서류� 완료� 거래� 의미하지 않지�, 투자자들은 특히 최근 대규모 매도 이후 내부자의 지속적� 주식 매각� 부정적 심리� 신호� 해석하는 경우가 많습니다.

Bloom Energy Corp. (BE) � Dépôt du Formulaire 144 : ’iԾپé Daniel Berenbaum a informé la SEC de son intention de vendre 8 000 actions ordinaires via Morgan Stanley Smith Barney le 24 juillet 2025. La vente proposée est estimée à 262 850 $, ce qui implique un prix indicatif d’environ 32,86 $ par action.

Le dépôt révèle également que Berenbaum a déjà cédé 48 300 actions au cours des trois derniers mois en huit transactions distinctes, générant des recettes brutes totales d’environ 1,02 million de dollars. Les ventes récentes incluent 6 000 actions le 9 juillet 2025 (168 000 $) et 14 889 actions le 21 mai 2025 (276 900 $). Aucune relation avec l’émetteur n’est précisée dans le formulaire, et le signataire affirme ne pas détenir d’informations matérielles défavorables non divulguées.

Bien que le Formulaire 144 ne signale qu’une intention de vente et non une transaction réalisée, les investisseurs considèrent souvent les liquidations continues par les initiés � surtout après des ventes récentes importantes � comme un indicateur potentiel de sentiment négatif.

Bloom Energy Corp. (BE) � Form 144 Einreichung: Insider Daniel Berenbaum hat der SEC seine Absicht mitgeteilt, am 24. Juli 2025 über Morgan Stanley Smith Barney 8.000 Stammaktien zu verkaufen. Der vorgeschlagene Verkauf hat einen Wert von 262.850 $, was auf einen indikativen Preis von etwa 32,86 $ pro Aktie hindeutet.

Die Einreichung zeigt außerdem, dass Berenbaum in den letzten drei Monaten bereits 48.300 Aktien in acht separaten Transaktionen veräußert hat und dabei Bruttoerlöse von rund 1,02 Millionen Dollar erzielte. Zu den jüngsten Verkäufen zählen 6.000 Aktien am 9. Juli 2025 (168.000 $) und 14.889 Aktien am 21. Mai 2025 (276.900 $). Im Formular wird keine Beziehung zum Emittenten angegeben, und der Unterzeichner bestätigt, keine nicht offengelegten wesentlichen negativen Informationen zu besitzen.

Obwohl das Form 144 nur eine Verkaufsabsicht signalisiert und keine abgeschlossene Transaktion darstellt, sehen Investoren anhaltende Insider-Verkäufe � insbesondere nach bedeutenden jüngsten Verkäufen � oft als möglichen Indikator für negative Stimmung.

false000101348800010134882025-07-242025-07-24

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 24, 2025

 

BJ’S RESTAURANTS, INC.

 (Exact name of registrant as specified in its charter)

 

California
(State or other jurisdiction
of incorporation)

0-21423
(Commission
File Number)

33-0485615
(IRS Employer
Identification No.)

 

7755 Center Avenue

Suite 300

Huntington Beach, California

(Address of principal executive offices)

92647
(Zip Code)

 

Registrant's telephone number, including area code: (714) 500-2400

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Title of Each Class

 

Trading

Symbol

 

 

Name of each exchange on which registered

Common Stock, No Par Value

 

BJRI

 

NASDAQ Global Select Market

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 24, 2025, BJ’s Restaurants, Inc. (the “Company”) announced that it had retained William J. Atkins, a partner at FLG Partners, LLC (“FLG Partners”), a chief financial officer services and board advisory consulting firm, as the Company’s Interim Principal Financial Officer while the Company conducts its ongoing search for a Chief Financial Officer. Mr. Atkins’ appointment as the Company’s Interim Principal Financial Officer is effective as of July 28, 2025.

Mr. Atkins, age 63, has been a partner at FLG Partners since 2023 and has served as consulting Chief Financial Officer for or adviser to various clients of FLG Partners. Before joining FLG Partners, he served as the Chief Financial Officer of Mobileum, Inc., a software and services company, from September 2022 to June 2023 and as the Chief Financial Officer of One Concern, a climate resilience data analytics company, from November 2019 to December 2021. Mr. Atkins previously held Chief Financial Officer positions at various companies, including Clarify Health, a healthcare data analytics company, Airobotics, a robotic drone company, Calix, Inc., a communications systems and software company, and Intelsat, a satellite services company. In addition to his Chief Financial Officer roles, Mr. Atkins was Senior Partner of Fairfax Partners, an investing and advisory firm, and was a Managing Director and senior member of Morgan Stanley’s Investment Banking Division.

In connection with retaining Mr. Atkins as its Interim Principal Financial Officer, the Company entered into a Consulting Agreement with FLG Partners, effective July 14, 2025 (the “FLG Consulting Agreement”), pursuant to which the Company will pay FLG Partners a rate of $650 per hour for Mr. Atkins’ services. The FLG Consulting Agreement requires that the Company indemnify Mr. Atkins and FLG Partners in connection with Mr. Atkins’ performance of services. The FLG Consulting Agreement has an indefinite term, however, it is subject to termination by either party upon 30 days’ notice.

There are no arrangements or understandings between Mr. Atkins and any other persons pursuant to which he was named as Interim Principal Financial Officer of the Company. There are also no family relationships between Mr. Atkins and any director or executive officer of the Company and Mr. Atkins has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The foregoing summary of the FLG Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the FLG Consulting Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 1, 2025.

 

Item 9.01 Exhibits

 

Exhibit No.

Description

 

 

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

July 24, 2025

BJ’S RESTAURANTS, INC.

(Registrant)

 

 

By:  /s/ LYLE D. TICK

Lyle D. Tick,

Chief Executive Officer, President and Director

(Principal Executive Officer)

 


FAQ

What does Bloom Energy's (BE) latest Form 144 disclose?

It signals insider Daniel Berenbaum’s intent to sell 8,000 common shares worth about $262,850 on 24 Jul 2025.

Who is executing the planned BE share sale?

Morgan Stanley Smith Barney LLC, Executive Financial Services, New York.

How many Bloom Energy shares has the insider sold in the last 3 months?

The filing lists 48,300 shares sold between 21 May and 9 Jul 2025, generating roughly $1.02 million.

Does Form 144 guarantee the sale will occur?

No. Form 144 only provides notice of a proposed sale; the insider may choose not to complete it.

What percentage of Bloom Energy’s outstanding shares does 8,000 represent?

With 232,228,606 shares outstanding, the planned sale equals roughly 0.003% of shares outstanding.

Why can insider selling be viewed negatively by investors?

Persistent insider disposals may signal reduced confidence in future share performance, even if not linked to fundamental issues.
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Restaurants
Retail-eating Places
United States
HUNTINGTON BEACH