Buttons
Yellow Ring
Clear panel Artwork facing up ^ Button face blank
Blue Ring
Turn Upside Down:
Green Ring Grey Ring Blue Ring
blank artwork down clear
Yellow Ring
...and push the blank into the artwork and clear layer into the yellow ring.
Pull the Green and Grey Rings out.
Flip upside down.
Insert the Red Ring and push down. Leave the red ring in.
Turn upside down and insert the Green Ring.
Compress it and you're done.