William Blair Updates Airgain Stake: 837,679 Shares Disposed

TL;DR

**William Blair updated its Airgain stake, now holding 837,679 shares with sole dispositive power.**

AI Summary

William Blair & Company, L.L.C. has filed an Amendment No. 5 to their Schedule 13G, indicating a change in their beneficial ownership of Airgain, Inc. common stock as of December 31, 2023. They now report sole voting power over 771,954 shares and sole dispositive power over 837,679 shares. This matters to investors because it shows a significant institutional investor's updated stake in Airgain, potentially signaling their confidence or lack thereof in the company's future performance.

Why It Matters

This filing reveals a major institutional investor's current holdings, which can influence market perception and potentially impact Airgain's stock price.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently present a high risk to investors.

Analyst Insight

An investor should monitor future filings from William Blair & Company, L.L.C. regarding Airgain, Inc. to track changes in their investment thesis, as significant increases or decreases could signal a shift in their outlook on the company.

Key Numbers

• 837,679 — Shares with Sole Dispositive Power (Represents the total number of Airgain, Inc. shares William Blair & Company, L.L.C. can sell or dispose of.)
• 771,954 — Shares with Sole Voting Power (Indicates the number of Airgain, Inc. shares William Blair & Company, L.L.C. can vote on corporate matters.)

Key Players & Entities

• William Blair & Company, L.L.C. (company) — the reporting person updating their beneficial ownership in Airgain, Inc.
• Airgain, Inc. (company) — the issuer whose common stock is being reported on
• 771,954 (dollar_amount) — shares over which William Blair & Company, L.L.C. has sole voting power
• 837,679 (dollar_amount) — shares over which William Blair & Company, L.L.C. has sole dispositive power
• December 31, 2023 (date) — the date of the event which required the filing of the statement

Forward-Looking Statements

• William Blair & Company, L.L.C. will continue to be a significant institutional holder of Airgain, Inc. stock. (William Blair & Company, L.L.C.) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• tm245781d1_sc13ga.htm (SC 13G/A) — 52KB
• 0001104659-24-014585.txt ( ) — 54KB

(a)

Item 1(a). Name of Issuer: Airgain, Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 3611 Valley Centre Drive, Suite 150, San Diego, CA 92130

(a)

Item 2(a). Name of Person Filing: William Blair & Company, L.L.C.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 150 North Riverside Plaza, Chicago, IL 60606

(c)

Item 2(c). Citizenship: Delaware

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 00938A104 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) x Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. CUSIP: 00938A104 Page 4 Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 837,679 (b) Percent of class: 8.0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 771,954 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 837,679 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.

View Full Filing

View this SC 13G/A filing on SEC EDGAR