Philotimo Fund Ups Stake in eGain Corp

TL;DR

Philotimo Fund just filed an amendment to their 13D on eGain (EGAN), looks like they're increasing their stake.

AI Summary

Philotimo Fund, LP, through its filing on November 27, 2024, has amended its Schedule 13D regarding eGain Corporation. The filing indicates a change in beneficial ownership, with Philotimo Fund, LP now holding a significant stake in eGain Corporation's common stock.

Why It Matters

This filing signals a potential shift in control or influence for eGain Corporation, as a significant investment fund has increased its beneficial ownership.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor intentions or strategic shifts, which may introduce volatility.

Key Players & Entities

• Philotimo Fund, LP (company) — Filing entity
• eGain Corporation (company) — Subject company
• MR. DAVID L. KANEN (person) — Contact person for Kanen Wealth Management, LLC
• KANEN WEALTH MANAGEMENT, LLC (company) — Associated entity

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
• $15,105,380 — lly owned by Philotimo is approximately $15,105,380, including brokerage commissions. The a
• $5,964,057 — icially owned by PHLOX is approximately $5,964,057, including brokerage commissions. The a
• $1,410,621 — n the Managed Accounts is approximately $1,410,621, including brokerage commissions. The a
• $197,419 — lly owned by Mr. Kanen is approximately $197,419, including brokerage commissions. Item

Filing Documents

• sc13da211527egan_11272024.htm (SC 13D/A) — 132KB
• 0000921895-24-002829.txt ( ) — 134KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended

Item 3 is hereby amended and restated as follows: The Shares purchased by Philotimo were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The Shares purchased by PHLOX were purchased with the funds for the accounts of its customers (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The Shares purchased by KWM were purchased with the funds for the accounts of its customers (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The Shares purchased by Mr. Kanen were purchased with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The aggregate purchase price of the 1,738,741 Shares beneficially owned by Philotimo is approximately $15,105,380, including brokerage commissions. The aggregate purchase price of the 737,135 Shares beneficially owned by PHLOX is approximately $5,964,057, including brokerage commissions. The aggregate purchase price of the 163,038 Shares held in the Managed Accounts is approximately $1,410,621, including brokerage commissions. The aggregate purchase price of the 22,429 Shares beneficially owned by Mr. Kanen is approximately $197,419, including brokerage commissions.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a) – (c) are hereby amended and restated as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 28,523,870 Shares outstanding as of November 7, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2024. A. Philotimo (a) As of the close of business on November 26, 2024, Philotimo beneficially owned 1,738,741 Shares. Percentage: Approximately 6.1% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,738,741 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,738,741 (c) Philotimo has not entered into transactions in the Shares during the past sixty days. 6 CUSIP No. 28225C806 B. PHLOX (a) As of the close of business on November 26, 2024, PHLOX beneficially owned 737,135 Shares. Percentage: Approximately 2.6% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 737,135 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 737,135 (c) The transactions in the Shares by PHLOX during the past sixty days are set forth in Schedule A and are incorporated herein by reference. C. KWM (a) As of the close of business on November 26, 2024, KWM beneficially owned 2,638,914 Shares, consisting of (i) the 1,738,741 Shares owned directly by Philotimo, which KWM may be deemed to beneficially own as the general partner of Philotimo, (ii) the 737,135 Shares owned directly by PHLOX, which KWM may be deemed to beneficially own as the investment manager of PHLOX and (iii) 163,038 Shares held in the Managed Accounts. Percentage: Approximately 9.3% (b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 2,638,914 3. Sole power to dispose or direct the disposition: 0

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 27, 2024 Kanen Wealth Management, LLC By: /s/ David L. Kanen Name: David L. Kanen Title: Managing Member Philotimo Fund, LP By: Kanen Wealth Management, LLC, its general partner By: /s/ David L. Kanen Name: David L. Kanen Title: Managing Member Philotimo Focused Growth and Income Fund By: Kanen Wealth Management, LLC, its investment adviser By: /s/ David L. Kanen Name: David L. Kanen Title: Managing Member /s/ David L. Kanen David L. Kanen 8 CUSIP No. 28225C806 SCHEDULE A Transactions in the Shares of the Issuer During the Past Sixty Days Nature of the Transaction Amount of Shares Purchased/(Sold) Price ($) Date of Purchase/Sale PHILOTIMO FOCUSED GROWTH AND INCOME FUND Purchase of Common Stock 4,291 5.68 11/11/2024 Purchase of Common Stock 10,389 5.75 11/12/2024 Purchase of Common Stock 161,996 5.35 11/25/2024 KANEN WEALTH MANAGEMENT, llC ( through the Managed Accounts) Sale of Common Stock 2,000 5.03 10/01/2024 Sale of Common Stock 175 4.93 10/09/2024 Sale of Common Stock 1,500 5.02 10/15/2024 Sale of Common Stock 30 5.18 11/15/2024

View Full Filing

View this SC 13D/A filing on SEC EDGAR