SC 13G: TACTILE SYSTEMS TECHNOLOGY INC

AI Summary

SC 13G 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-sc13g_123123.htm (SC 13G) — 61KB
• 0001999371-24-002344.txt ( ) — 62KB

(a)

Item 1(a). Name of Issuer: Tactile Systems Technology, Inc.

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 3701 Wayzata Blvd, Suite 300, Minneapolis, MN 55416

(a)

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 2,865,547 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.

(b)

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

(c)

Item 2(c). Citizenship: First Light Asset Management, LLC – Delaware limited liability company Mathew P. Arens – United States citizen

(d)

Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value

(e)

Item 2(e). CUSIP Number: 87357P100 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) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); CUSIP No . 87357P100 Page 5 of 7 (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) 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) Group, in accordance with §240.13d-1(b)(1)(ii)(J). 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: First Light Asset Management, LLC – 2,865,547 Mathew P. Arens –2,865,547 (b) Percent of class: First Light Asset Management, LLC – 12.20% Mathew P. Arens – 12.20% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote First Light Asset Management, LLC – 0 Mathew P. Arens – 0 (ii) Shared power to vote or to direct the vote First Light Asset Management, LLC – 2,865,547 Mathew P. Arens – 2,865,547 (iii) Sole power to dispose or to direct the disposition of First Light Asset Management, LLC – 0 Mathew P. Arens – 0 (iv) Shared power to dispose or to direct the

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