Anika Therapeutics (ANIK) holder discloses 1.2% passive stake update

Rhea-AI Filing Summary

Anika Therapeutics, Inc. received an updated ownership report on its common stock from Trigran Investments, Inc. and related individuals on 12/31/2025. The group reports beneficial ownership of 168,400 shares of common stock, representing 1.2% of the outstanding class.

The filing shows no sole voting or dispositive power, with all voting and dispositive authority reported as shared. Each reporting person states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Anika. They also disclaim beneficial ownership of the shares except to the extent of any pecuniary interest.

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Accepted by SEC EDGAR 01/08/2026 - 03:00 PM Learn about SEC filing dates

FAQ

What does the Schedule 13G/A filing report for ANIK?

The Schedule 13G/A reports that Trigran Investments, Inc. and related individuals beneficially own 168,400 shares of Anika Therapeutics common stock, representing 1.2% of the class.

Who are the reporting persons in this Anika Therapeutics (ANIK) filing?

The reporting persons are Trigran Investments, Inc., Douglas T. Granat, Lawrence A. Oberman, Steven G. Simon, Bradley F. Simon, and Steven R. Monieson.

How much of Anika Therapeutics’ stock does the Trigran group report owning?

The group reports beneficial ownership of 168,400 shares of Anika Therapeutics common stock, which equals 1.2% of the outstanding class.

Do the reporting persons seek to influence control of Anika Therapeutics (ANIK)?

No. They certify the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Anika.

What voting and dispositive powers are reported over ANIK shares?

The filing shows 0 shares with sole voting or dispositive power and 124,358 shares with shared voting power and 168,400 shares with shared dispositive power for each reporting person.

Why does the filing mention ownership of 5 percent or less of a class?

Item 5 states ownership of 5 percent or less of the class, reflecting that the reported 1.2% stake is below the 5% threshold for larger blockholders.

Do the Trigran reporting persons fully accept beneficial ownership of the ANIK shares?

Each reporting person disclaims beneficial ownership of the reported shares, except to the extent of any pecuniary interest.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Anika Therapeutics, Inc.

(Name of Issuer)

Common Stock, Par Value $0.01 Per Share

(Title of Class of Securities)

035255108

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 035255108

1

Names of Reporting Persons

Trigran Investments, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 124,358.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 168,400.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

168,400.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.2 %

12

Type of Reporting Person (See Instructions)

IA, CO

Comment for Type of Reporting Person: The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of its pecuniary interest.

SCHEDULE 13G

CUSIP No. 035255108

1

Names of Reporting Persons

Douglas T. Granat

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 124,358.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 168,400.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

168,400.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.2 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of its pecuniary interest.

SCHEDULE 13G

CUSIP No. 035255108

1

Names of Reporting Persons

Lawrence A. Oberman

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 124,358.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 168,400.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

168,400.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.2 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of its pecuniary interest.

SCHEDULE 13G

CUSIP No. 035255108

1

Names of Reporting Persons

Steven G. Simon

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 124,358.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 168,400.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

168,400.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.2 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of its pecuniary interest.

SCHEDULE 13G

CUSIP No. 035255108

1

Names of Reporting Persons

Bradley F. Simon

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 124,358.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 168,400.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

168,400.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.2 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of its pecuniary interest.

SCHEDULE 13G

CUSIP No. 035255108

1

Names of Reporting Persons

Steven R. Monieson

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 124,358.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 168,400.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

168,400.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.2 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of its pecuniary interest.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Anika Therapeutics, Inc.
(b)	Address of issuer's principal executive offices: 32 Wiggins Avenue Bedford, MA, 01730
Item 2.
(a)	Name of person filing: See Item 2(c)
(b)	Address or principal business office or, if none, residence: See Item 2(c)
(c)	Citizenship: Trigran Investments, Inc., 630 Dundee Road, Suite 230, Northbrook, IL 60062 (Illinois corporation) Douglas T. Granat, 630 Dundee Road, Suite 230, Northbrook, IL 60062 (U.S. Citizen) Lawrence A. Oberman, 630 Dundee Road, Suite 230, Northbrook, IL 60062 (U.S. Citizen) Steven G. Simon, 630 Dundee Road, Suite 230, Northbrook, IL 60062 (U.S. Citizen) Bradley F. Simon, 630 Dundee Road, Suite 230, Northbrook, IL 60062 (U.S. Citizen) Steven R. Monieson, 630 Dundee Road, Suite 230, Northbrook, IL 60062 (U.S. Citizen)
(d)	Title of class of securities: Common Stock, Par Value $0.01 Per Share
(e)	CUSIP No.: 035255108
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);
(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)(1)(ii)(G);
(h)	A savings associations 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 of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Incorporated by reference to Item 9 of the cover page pertaining to each reporting person. Douglas Granat, Lawrence A. Oberman, Steven G. Simon, Bradley F. Simon, and Steven R. Monieson are the controlling shareholders and officers of Trigran Investments, Inc. and thus may be considered the beneficial owners of shares beneficially owned by Trigran Investments, Inc.
(b)	Percent of class: Incorporated by reference to Item 11 of the cover page pertaining to each reporting person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Incorporated by reference to Item 5 of the cover page pertaining to each reporting person.
	(ii) Shared power to vote or to direct the vote: Incorporated by reference to Item 6 of the cover page pertaining to each reporting person.
	(iii) Sole power to dispose or to direct the disposition of: Incorporated by reference to Item 7 of the cover page pertaining to each reporting person.
	(iv) Shared power to dispose or to direct the disposition of: Incorporated by reference to Item 8 of the cover page pertaining to each reporting person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

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.

Trigran Investments, Inc.

Signature:	/s/ Lawrence A. Oberman
Name/Title:	Executive Vice President
Date:	01/08/2026

Douglas T. Granat

Signature:	/s/ Douglas T. Granat
Name/Title:	Douglas T. Granat
Date:	01/08/2026

Lawrence A. Oberman

Signature:	/s/ Lawrence A. Oberman
Name/Title:	Lawrence A. Oberman
Date:	01/08/2026

Steven G. Simon

Signature:	/s/ Steven G. Simon
Name/Title:	Steven G. Simon
Date:	01/08/2026

Bradley F. Simon

Signature:	/s/ Bradley F. Simon
Name/Title:	Bradley F. Simon
Date:	01/08/2026

Steven R. Monieson

Signature:	/s/ Steven R. Monieson
Name/Title:	Steven R. Monieson
Date:	01/08/2026

Exhibit Information

Exhibit 1: Agreement to Make a Joint Filing