[Form 4] Bridgeline Digital, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Roger E. Kahn, President & CEO of Bridgeline Digital, Inc. (BLIN), reported insider transactions on 09/30/2025. He received a restricted stock award of 169,429 shares under the company’s 2025 Stock Incentive Plan that vests in 12 equal quarterly installments beginning the first fiscal quarter after grant. The filing also shows a disposition of 57,098 shares on the same date at a price of $1.32. After these transactions the report lists beneficial ownership of 1,466,218 shares (direct) and 1,409,120 shares (direct, after the disposition). The reporting person disclaims beneficial ownership of 544 shares held by his spouse except to the extent of pecuniary interest. The Form 4 is signed and dated 10/02/2025.

Positive

• 169,429 restricted shares awarded with 12-quarter vesting, aligning CEO incentives with long-term performance
• Reporting person retains substantial direct ownership: 1,466,218 shares following transactions

Negative

• Disposition of 57,098 shares at $1.32 on the same date as the grant could be perceived as partial monetization of holdings
• Form does not disclose whether the 57,098‑share sale was under a prearranged trading plan (no Rule 10b5‑1 detail provided)

Insights

Corporate Governance Expert

TL;DR: Director/CEO received time‑vested restricted stock and executed a smaller sale the same day.

The Form 4 shows a 169,429-share restricted stock award that vests over 12 quarters, which aligns management incentives with multi‑quarter performance. Time‑based vesting typically encourages retention and links pay to future company performance.

The filing also records a 57,098-share disposition at $1.32. The report does not state whether that sale was pre‑planned (e.g., Rule 10b5-1) or for personal liquidity; the document contains no instruction or plan information. The spouse holdings are disclaimed except for pecuniary interest (544 shares), which is standard disclosure practice.

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).

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)
09/30/2025

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	09/30/2025		A(1)		169,429	A	$0	1,466,218	D
Common Stock	09/30/2025		F		57,098	D	$1.32	1,409,120	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. Reporting Person received a restricted stock award pursuant to the Issuer's 2025 Stock Incentive Plan. 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 the date of grant.

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	10/02/2025
	** 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 did Bridgeline Digital (BLIN) report on this Form 4?

The Form 4 reports that Roger E. Kahn received 169,429 restricted shares and disposed of 57,098 shares on 09/30/2025.

How does the restricted stock award vest for the BLIN CEO?

The restricted stock award vests in 12 equal installments over 12 quarters, starting the first fiscal quarter after the grant.

How many BLIN shares does Roger Kahn beneficially own after the transactions?

The filing lists 1,466,218 shares beneficially owned following the reported transactions.

At what price were shares sold in the reported transaction?

The Form 4 shows a disposition of 57,098 shares at a price of $1.32.

Does the filing disclose spouse ownership for the reporting person?

Yes. The reporting person disclaims beneficial ownership of 544 shares held by his spouse, except to the extent of pecuniary interest.