{"url_path":"/sec/bjri/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-03-02","source_url":"https://www.sec.gov/Archives/edgar/data/1013488/0001193125-26-083331-index.html","accession_number":"0001193125-26-083331","cik":"0001013488","ticker":"BJRI","issuer_name":"BJs RESTAURANTS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1013488/0001193125-26-083331-index.html","primary_entity_key":"0001013488","primary_entity_name":"BJs RESTAURANTS INC"},"word_count":937,"has_tables":true,"body_markdown":"ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\n\nMARKET INFORMATION\n\nOur common stock is traded on The NASDAQ Global Select Market under the symbol “BJRI.” As of February 25, 2026, we had approximately 126 shareholders of record. As many of our shares are held by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders.\n\nSTOCK-PERFORMANCE GRAPH\n\nThe Company has elected to use the S&P 600 Restaurants Index as its peer group for fiscal 2025. The following chart compares the five-year cumulative total stock performance of our common stock, the S&P 600 Restaurant Group index and the S&P 500 index. The graph assumes that $100 was invested on December 31, 2020, in our common stock and in each of the indices and that all dividends were reinvested. The measurement points utilized in the graph consist of the last trading day in each calendar year, which closely approximates the last day of our respective fiscal year. The historical stock performance presented below is not intended to and may not be indicative of future stock performance.\n\nCALCULATION OF AGGREGATE MARKET VALUE OF NON-AFFILIATE SHARES\n\nFor purposes of calculating the aggregate market value of shares of our common stock held by non-affiliates as set forth on the cover page of this Annual Report on Form 10-K, we have assumed that all outstanding shares are held by non-affiliates, except for shares held by each of our executive officers, directors and 5% or greater shareholders. In the case of 5% or greater shareholders, we have not deemed such shareholders to be affiliates unless there are facts and circumstances which would indicate that such shareholders exercise any control over our Company, or unless they hold 10% or more of our outstanding common stock and are not qualified institutional investors or passive investors who have filed a Schedule 13G with respect to their ownership. These assumptions should not be deemed to constitute an admission that all executive officers, directors and 5% or greater shareholders are, in fact, affiliates of our Company, or that there are no other persons who may be deemed to be\n\n23\n\n \n\naffiliates of our Company. Further information concerning shareholdings of our officers, directors and principal shareholders, as well as information regarding our stock-based compensation plans, is included or incorporated by reference in Part III, Item 12 of this Annual Report on Form 10-K.\n\nSTOCK-BASED COMPENSATION PLAN INFORMATION\n\nWe have a shareholder approved stock-based compensation plan, the 2024 Equity Incentive Plan (as amended from time to time, “the Plan”), under which we may issue shares of our common stock to team members, officers, directors and consultants. Under the Plan, we have granted stock options and service- and performance-based restricted stock units (“RSUs”). In fiscal 2025, we also granted market-based RSUs. The following table provides information about the shares of our common stock that may be issued upon exercise of awards as of December 30, 2025 (share numbers in thousands):\n\n \n\n \n\n \n\nNumber of Securities\nto be Issued Upon Exercise of Outstanding Stock Options\n\n \n\n \n\nWeighted Average Exercise Price of Outstanding Stock Options\n\n \n\n \n\nNumber of Securities Remaining Available for Future Issuance Under Stock-Based Compensation Plans\n\n \n\nStock-based compensation plans approved by shareholders\n\n \n\n \n\n717\n\n \n\n \n\n$\n\n39.39\n\n \n\n \n\n \n\n1,608\n\n \n\nStock-based compensation plans not approved by shareholders\n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\nTotal\n\n \n\n \n\n717\n\n \n\n \n\n \n\n \n\n \n\n \n\n1,608\n\n \n\nDIVIDEND POLICY AND STOCK REPURCHASES\n\nWe currently do not pay any cash dividends. Any decision to pay cash dividends will be subject to our Board of Directors determining that such dividend payments are in the best interest of the Company and its shareholders.\n\n \n\nAs of December 30, 2025, we have cumulatively repurchased shares valued at approximately $581.8 million in accordance with our approved share repurchase plan since its inception in 2014. During fiscal 2025, we repurchased and retired approximately 2.0 million shares of our common stock at an average price of $33.80 per share for approximately $67.8 million, which is recorded as a reduction in common stock, with any excess charged to retained earnings. Our Board of Directors approved a $50 million increase in our share repurchase program in both February 2024 and February 2025, and a $75 million increase in October 2025. Currently we have $93.2 million available under our authorized $675 million share repurchase program. Repurchases may be made at any time.\n\n \n\n24\n\n \n\nThe following table sets forth information with respect to the repurchase of common shares during fiscal 2025:\n\n \n\nPeriod (1)\n\n \n\nTotal\nNumber\nof Shares\nPurchased\n\n \n\n \n\nAverage\nPrice\nPaid Per\nShare\n\n \n\n \n\nTotal\nNumber of\nShares\nPurchased\nas Part of\nthe Publicly\nAnnounced\nPlans\n\n \n\n \n\nIncrease in\nDollars for\nShare\nRepurchase\nAuthorization\n\n \n\n \n\nDollar Value of\nShares that\nMay Yet Be\nPurchased\nUnder the\nPlans or\nPrograms\n\n \n\n01/01/25 - 01/28/25\n\n \n\n \n\n58,284\n\n \n\n \n\n$\n\n35.07\n\n \n\n \n\n \n\n58,284\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n33,886,105\n\n \n\n01/29/25 - 02/25/25\n\n \n\n \n\n46,960\n\n \n\n \n\n$\n\n36.16\n\n \n\n \n\n \n\n46,960\n\n \n\n \n\n$\n\n50,000,000\n\n \n\n \n\n$\n\n82,187,998\n\n \n\n02/26/25 - 04/01/25\n\n \n\n \n\n298,320\n\n \n\n \n\n$\n\n34.72\n\n \n\n \n\n \n\n298,320\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n71,830,877\n\n \n\n04/02/25 - 04/29/25\n\n \n\n \n\n309,226\n\n \n\n \n\n$\n\n32.21\n\n \n\n \n\n \n\n309,226\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n61,871,926\n\n \n\n04/30/25 - 05/27/25\n\n \n\n \n\n83,891\n\n \n\n \n\n$\n\n37.72\n\n \n\n \n\n \n\n83,891\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n58,707,907\n\n \n\n05/28/25 - 07/01/25\n\n \n\n \n\n45,094\n\n \n\n \n\n$\n\n44.52\n\n \n\n \n\n \n\n45,094\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n56,700,365\n\n \n\n070/2/25 - 07/29/25\n\n \n\n \n\n71,246\n\n \n\n \n\n$\n\n39.92\n\n \n\n \n\n \n\n71,246\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n53,856,416\n\n \n\n07/30/25 - 08/26/25\n\n \n\n \n\n387,758\n\n \n\n \n\n$\n\n34.69\n\n \n\n \n\n \n\n387,758\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n40,406,841\n\n \n\n08/27/25 - 09/30/25\n\n \n\n \n\n537,310\n\n \n\n \n\n$\n\n31.42\n\n \n\n \n\n \n\n537,310\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n23,524,783\n\n \n\n10/01/25 - 10/28/25\n\n \n\n \n\n123,091\n\n \n\n \n\n$\n\n31.02\n\n \n\n \n\n \n\n123,091\n\n \n\n \n\n$\n\n75,000,000\n\n \n\n \n\n$\n\n94,706,670\n\n \n\n10/29/25 - 11/25/25\n\n \n\n \n\n38,486\n\n \n\n \n\n$\n\n34.99\n\n \n\n \n\n \n\n38,486\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n93,359,965\n\n \n\n11/26/25 - 12/30/25\n\n \n\n \n\n5,447\n\n \n\n \n\n$\n\n37.44\n\n \n\n \n\n \n\n5,447\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n$\n\n93,156,007\n\n \n\nTotal\n\n \n\n \n\n2,005,113\n\n \n\n \n\n \n\n \n\n \n\n \n\n2,005,113\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n(1)\nPeriod information is presented in accordance with our fiscal months during fiscal 2025."}