Kahn Amends Bridgeline Digital Stake

TL;DR

Ari Kahn updated his Bridgeline Digital stake filing. Watch for more details.

AI Summary

Roger "Ari" Kahn has amended his Schedule 13D filing for Bridgeline Digital, Inc. on August 20, 2024. This amendment, the sixth for Kahn, indicates a change in his beneficial ownership of the company's common stock. The filing does not specify the exact number of shares or percentage change but signifies an update to his holdings.

Why It Matters

Changes in beneficial ownership filings like this can signal shifts in major shareholder sentiment or strategy, potentially impacting the stock price.

Risk Assessment

Risk Level: medium — Schedule 13D filings often involve significant shareholders, and changes in their holdings can indicate potential strategic moves or market sentiment shifts.

Key Players & Entities

• Roger "Ari" Kahn (person) — Filing person and major shareholder
• Bridgeline Digital, Inc. (company) — Subject company
• August 20, 2024 (date) — Date of event requiring filing

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
• $0.81 — er Common Stock at an exercise price of $0.81 per share (the "February 2024 Options")

Filing Documents

• kahn20240822_sc13da.htm (SC 13D/A) — 35KB
• 0001437749-24-027607.txt ( ) — 37KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 6 ("Amendment No. 6") amends the statement on Schedule 13D originally filed by Roger "Ari" Kahn with the United States Securities and Exchange Commission (the "SEC") on August 30, 2022, as amended by Amendment No. 1, filed with the SEC on September 20, 2022, Amendment No. 2, filed with the SEC on February 2, 2023, Amendment No. 3, filed with the SEC on March 15, 2023, Amendment No. 4, filed with the SEC on June 21, 2023, and Amendment No. 5, filed with the SEC on September 19, 2023 (collectively, the "Report"). This Amendment No. 6 relates to the issued and outstanding shares of common stock, par value $0.001 per share (the "Common Stock"), of Bridgeline Digital, Inc., a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 100 Sylvan Road, Suite G700, Woburn, Massachusetts. Information contained in the Report remains effective except to the extent that it is amended, restated, or superseded by the information contained in this Amendment No. 6. All capitalized terms used herein and not otherwise defined in this Amendment No. 6 have the meaning set forth in the Report.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration

of the Report is hereby amended and supplemented by adding the following information

Item 3 of the Report is hereby amended and supplemented by adding the following information: On February 7, 2024, in consideration for Mr. Kahn's services as Chief Executive Officer of the Issuer, Mr. Kahn received an option to purchase an aggregate of 100,000 shares of Issuer Common Stock at an exercise price of $0.81 per share (the "February 2024 Options"). The February 2024 Options vest ratably on a quarterly basis over a period of 36-months, with such incremental vesting taking place on the seventh day of each month and having commenced three-months after the date of grant. On August 20, 2024, Mr. Kahn purchased an aggregate of 60,000 shares of Issuer Common Stock through a series of open market purchases of Issuer Common Stock, purchased with Mr. Kahn's personal funds.

Purpose of Transaction

Item 4. Purpose of Transaction

of the Report is hereby amended and supplemented to incorporate by reference the disclosure made under Item 3

Item 4 of the Report is hereby amended and supplemented to incorporate by reference the disclosure made under Item 3.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer

of the Report is hereby amended and restated in its entirety as follows

Item 5 of the Report is hereby amended and restated in its entirety as follows: (a) As of the date of this Amendment No. 6, Mr. Kahn beneficially owns 1,712,166 shares of Issuer Common Stock (comprised of (i) 929,186 shares of Issuer Common Stock (including 545 shares owned by Mr. Kahn's spouse), (ii) options to acquire 716,313 shares of Issuer Common Stock which have vested or which will vest within 60 days of August 20, 2024, and (iii) 33,333 restricted shares of Issuer Common Stock), which number of shares represents approximately 15.4% of the outstanding Issuer Common Stock based on 10,417,609 shares issued and outstanding as of August 14, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed on August 14, 2024. The percentage of ownership reported in this Item 5 was calculated in accordance with Rule 13d-3(d)(1)(i) promulgated under the Securities Exchange Act of 1934, as amended. (b) Mr. Kahn may be deemed to have the sole power to vote or direct the vote, or to dispose or direct the disposition, of an aggregate of 1,711,621 shares of Issuer Common Stock. For the purposes hereof, Mr. Kahn may be deemed to beneficially own an aggregate of 545 shares of Issuer Common Stock owned by his spouse. (c) Except as described in Item 3, which is hereby incorporated by reference, Mr. Kahn has not effected any transaction in Issuer Common Stock during the past 60 days. (d)-(e) Not applicable. Schedule 13D/A6 CUSIP No. 10807Q304 Page 4 of 4 Pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: August 22, 2024 /s/ Roger " Ari " Kahn Name: Roger "Ari" Kahn

View Full Filing

View this SC 13D/A filing on SEC EDGAR