[Form 4] Bridgeline Digital Inc. Insider Trading Activity

Rhea-AI Filing Summary

Broadcom Inc. (AVGO) director Gayla J. Delly filed a Form 4 indicating an open-market sale of 3,000 common shares on 26 June 2025 at $265.13 per share (transaction code “S”). After the transaction, Delly’s direct beneficial ownership totals 33,352 shares, which includes 1,602 restricted stock units. No derivative security activity or additional insider transactions were reported. The filing, signed on 30 June 2025, confirms Delly’s continuing status as a Section 16 insider.

Positive

• None.

Negative

• Insider Sale: Director Gayla J. Delly disposed of 3,000 AVGO shares at $265.13, a potential indicator of reduced short-term conviction.

Insights

Securities Analyst

TL;DR: Minor insider sale; limited impact on AVGO fundamentals.

The disposition represents roughly 9% of Delly’s direct holdings and is modest relative to Broadcom’s average daily trading volume. With 33,352 shares still held, the transaction does not materially change insider ownership structure. Given the absence of other concurrent sales or negative catalysts, the sale is best interpreted as routine portfolio management rather than a bearish signal. Insider‐sale frequency and aggregate volumes remain within historical norms for Broadcom, so valuation impact should be minimal.

Corporate Governance Expert

TL;DR: Routine compliance filing; governance posture unaffected.

The Form 4 is timely and compliant, signed by an attorney-in-fact, indicating robust internal controls around insider reporting. No 10b5-1 plan is disclosed, yet the single sale does not raise red flags under governance best practices. Continued ownership of over 33k shares aligns director incentives with shareholders. Overall governance and alignment remain intact.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kahn Roger E.

(Last) (First) (Middle)

100 SYLVAN RD. SUITE G-700

(Street)

WOBURN MA 01801

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bridgeline Digital, Inc. [ BLIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/26/2025		A(1)		129,788	A	$0	1,286,175	D
Common Stock	06/26/2025		F		43,739	D	$1.51	1,242,436	D
Common Stock								545(2)	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reporting Person received a restricted stock award pursuant to the Issuer's 2016 Stock Incentive Plan, as amended. The restricted stock award shall vest in twelve (12) equal installments over a period of twelve (12) quarters, commencing with the first fiscal quarter following June 26, 2025.

2. The Reporting Person disclaims beneficial ownership of the securities held by his spouse, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for the purpose of Section 16 or for any other purpose.

	/s/ Roger E. Kahn	06/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Broadcom (AVGO) director Gayla Delly report?

Sale of 3,000 common shares on 26 Jun 2025, disclosed via Form 4.

How many AVGO shares does Gayla Delly own after the sale?

Delly directly owns 33,352 shares, including 1,602 restricted stock units.

At what price were the Broadcom shares sold?

The shares were sold at $265.13 per share.

Were any derivative securities reported in this Form 4?

No derivative security transactions were reported; Table II is blank.

When was the Form 4 filed with the SEC?

The filing was signed and dated 30 Jun 2025.