Bridgeline (BLIN) CEO Increases Stake to 1.30M Shares After Purchases

Rhea-AI Filing Summary

Roger E. Kahn, President, CEO, Director and >10% owner of Bridgeline Digital, Inc. (BLIN), reported two open-market purchases of common stock in 2025. On 06/20/2025 he acquired 15,000 shares at $1.50, bringing his direct holdings to 1,257,289 shares. On 08/26/2025 he acquired 39,500 shares at $1.38, increasing direct holdings to 1,296,789 shares. The report notes a record reconciliation removed 147 shares that were previously overstated, and disclaims beneficial ownership of 544 shares held by his spouse except for pecuniary interest.

Positive

• Insider purchases total 54,500 shares, indicating direct CEO buying at $1.50 and $1.38
• Direct ownership increased to 1,296,789 shares, reflecting a larger personal stake

Negative

• Reconciliation removed 147 shares previously included in prior Form 4s, indicating a prior overstatement in records

Insights

Securities Analyst

TL;DR: Insider purchases totaling 54,500 shares increase the CEO's direct stake; impact appears neutral-to-modestly positive.

The reported transactions show the CEO executing two purchases totaling 54,500 shares during 2025 at modest prices ($1.50 and $1.38). Insider buys can signal confidence in the company's prospects and slightly increases his direct ownership to 1,296,789 shares. The filing also discloses a bookkeeping reconciliation removing 147 overstated shares, which is administrative in nature. For investors, these are material insider transactions but not transformative for capitalization or control.

Corporate Governance Expert

TL;DR: Form 4 shows routine insider purchases and a minor ownership reconciliation; governance implications are limited.

The filing documents two purchase transactions under Section 16 reporting by the CEO and director, properly disclosed on Form 4 with direct ownership updates. The 147-share correction indicates attention to record accuracy, while the spousal holdings disclaimer (544 shares) clarifies indirect ownership boundaries. These disclosures align with standard Section 16 obligations and do not indicate governance changes or related-party concerns.

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
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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)
06/20/2025

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	06/20/2025		P		15,000	A	$1.5	1,257,289(1)	D
Common Stock	08/26/2025		P		39,500	A	$1.38	1,296,789	D
Common Stock								544(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. Following a reconciliation of the Reporting Person's ownership records, the balance removes 147 shares that were inadvertently included in the Reporting Person's prior Form 4s.

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	08/28/2025
	** 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 insider transactions did Roger E. Kahn report on Form 4 for BLIN?

The filing reports two purchases: 15,000 shares at $1.50 on 06/20/2025 and 39,500 shares at $1.38 on 08/26/2025.

How many shares does Roger E. Kahn beneficially own after the reported transactions?

Following the 08/26/2025 purchase, he beneficially owns 1,296,789 shares (direct).

Was there any correction or adjustment in the Form 4 filing?

Yes. A reconciliation removed 147 shares that were inadvertently included in prior Form 4 filings.

Does Roger E. Kahn report any indirect holdings through a spouse?

The filing discloses 544 shares held by his spouse, and the Reporting Person disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.

What roles does Roger E. Kahn hold at Bridgeline Digital, Inc.?

He is reported as President and CEO, a Director, and a greater-than-10% owner of the issuer.