SC 13G/A: TACTILE SYSTEMS TECHNOLOGY INC

AI Summary

SC 13G/A filing by TACTILE SYSTEMS TECHNOLOGY INC.

Risk Assessment

Risk Level: low

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti

Filing Documents

• tcmd-sc13ga_063024.htm (SC 13G/A) — 132KB
• 0001999371-24-008463.txt ( ) — 133KB

From the Filing

SC 13G/A 1 tcmd-sc13ga_063024.htm AMENDMENT TO FORM SC 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934* (Amendment No. 2) Tactile Systems Technology, Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securities) 87357P100 (CUSIP Number) June 30, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No . 87357P100 Page 2 of 7 1 NAME OF REPORTING PERSONS First Light Asset Management, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 46-3521994 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 689,815 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 689,815 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 689,815 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.90% 12 TYPE OF REPORTING PERSON IA CUSIP No . 87357P100 Page 3 of 7 1 NAME OF REPORTING PERSONS Mathew P. Arens I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 689,815 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 689,815 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 689,815 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.90% 12 TYPE OF REPORTING PERSON IN CUSIP No . 87357P100 Page 4 of 7 Item 1(a). Name of Issuer: Tactile Systems Technology, Inc. Item 1(b). Address of Issuer’s Principal Executive Offices: 3701 Wayzata Blvd, Suite 300, Minneapolis, MN 55416 Item 2(a). Name of Person Filing: This Schedule 13G is being jointly filed by the following: First Light Asset Management, LLC (the “Manager”) Mathew P. Arens (“Mr. Arens”) The Manager may be deemed to be the beneficial owner of 689,815 of the Issuer’s shares of common stock (the “Shares”). The Manager acts as an investment adviser to certain persons holding separately managed accounts with the Manager, each of whom has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, those shares. The Manager may also be deemed to be the beneficial owner of these shares because it acts as an investment adviser to certain private funds. Mr. Arens may also be deemed to be the beneficial owner of these shares because he controls the Manager in his position as managing member and majority owner of the Manager. The Manager and Mr. Arens are filing this Schedule 13G/A with respect to these Shares pursuant to Rule 13d-1(b) under the Act. The Manager and Mr. Arens may be deemed to be the beneficial owner of the total amount of Shares set forth across from its or his respective name in Item 4 below. The filing of this Schedule 13G shall not be construed as an admission that the reporting persons or any of their affiliates are the beneficial owner of any securities covered by this Schedule 13G for any other purposes other than Section 13(d) of the Securities Exchange Act of 1934. Item 2(b). Address of Principal Business Office or, if None, Residence: Each of the reporting persons identified in Item 2(a) has its principal business office at: 3300 Edinborough Way, Suite 201, Edina, MN 55435 Item 2(c). Citizenship: First Light Asset Management, LLC – Delaware limited liability company Mathew P. Arens – United States citizen Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value Item 2(e). CUSIP Number: 87357P100 Item 3. If This Statement is Filed Pursuant to §§240.13d-1

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