[SCHEDULE 13D/A] Bridgeline Digital Inc. SEC Filing

Rhea-AI Filing Summary

Amendment No. 7 to a Schedule 13D discloses that Roger "Ari" Kahn now beneficially owns 2,171,465 shares of Bridgeline Digital, Inc. common stock, representing approximately 16.7% of the 12,112,068 shares outstanding as of August 28, 2025. Between September 13, 2024 and August 26, 2025 Mr. Kahn purchased an aggregate of 157,100 shares in open market buys, exercised an option on January 29, 2025 to acquire 25,000 shares at $0.81 per share, participated in a private placement on March 26, 2025 for 33,334 shares at $1.52 per share, and received a restricted stock award on June 26, 2025 of 129,788 shares (net 86,049 after 43,739 shares withheld for taxes). All purchases and payments were made with Mr. Kahn's personal funds. He holds sole voting/dispositive power over 2,170,921 shares and 544 shares are attributed to his spouse.

Positive

• Material insider accumulation: Beneficial ownership increased to 2,171,465 shares, ~16.7% of outstanding stock.
• Diverse acquisition methods: Open-market purchases (157,100 shares), option exercise (25,000 shares at $0.81), private placement (33,334 shares at $1.52), and restricted stock issuance (net 86,049 shares).
• Personal funding: All purchases and the option exercise were funded with personal funds, indicating direct insider commitment.
• Concentrated voting power: Holds sole voting/dispositive power over 2,170,921 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider accumulation and option exercise raise ownership to 16.7%, a material stake that may influence control and signaling.

Mr. Kahn's combination of open-market purchases, option exercise, private placement participation, and receipt of restricted stock increased his economic and voting exposure to Bridgeline Digital to a sizable 16.7% of outstanding shares. The use of personal funds for acquisitions signals continued insider commitment. The mix of exercised options and equity awards indicates ongoing compensation alignment with shareholders rather than opportunistic buying alone. Investors should note this is a disclosure of ownership change rather than a corporate action by the issuer.

Corporate Governance Expert

TL;DR: A 16.7% beneficial position by a named insider is material for governance and may affect shareholder dynamics.

The reported sole voting power over 2,170,921 shares and inclusion of spousal holdings is standard but underscores concentrated insider voting influence. The filings show no group affiliation and no recent contested transactions; the amendment documents routine insider equity activity, option exercise, and compensation-related issuances. This level of insider ownership warrants attention to potential board influence but the filing does not disclose any explicit intent to change control or governance arrangements.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

Bridgeline Digital, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

10807Q700

(CUSIP Number)

Roger "Ari" Kahn
C/O Bridgeline Digital, Inc., 100 Sylvan Road, Suite G700
Woburn, MA, 01801
781-376-5555

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/26/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 10807Q700

1

Name of reporting person

Kahn Roger E.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,170,921.00
8	Shared Voting Power 544.00
9	Sole Dispositive Power 2,170,921.00
10	Shared Dispositive Power 544.00

11

Aggregate amount beneficially owned by each reporting person

2,171,465.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.7 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001 per share
(b)	Name of Issuer: Bridgeline Digital, Inc.
(c)	Address of Issuer's Principal Executive Offices: 100 Sylvan Road, Suite G700, Woburn, MASSACHUSETTS , 01801.
Item 1 Comment: This Amendment No. 7 ("Amendment No. 7") amends the statement on Schedule 13D originally filed by Roger "Ari" Kahn with the United States Securities and Exchange Commission (the "SEC") on August 30, 2022, as amended by Amendment No. 1, filed with the SEC on September 20, 2022, Amendment No. 2, filed with the SEC on February 2, 2023, Amendment No. 3, filed with the SEC on March 15, 2023, Amendment No. 4, filed with the SEC on June 21, 2023, Amendment No. 5, filed with the SEC on September 19, 2023, and Amendment No. 6, filed with the SEC on August 22, 2024 (collectively, the "Report"). This Amendment No. 7 relates to the issued and outstanding shares of common stock, par value $0.001 per share (the "Common Stock"), of Bridgeline Digital, Inc., a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 100 Sylvan Road, Suite G700, Woburn, Massachusetts. Information contained in the Report remains effective except to the extent that it is amended, restated, or superseded by the information contained in this Amendment No. 7. All capitalized terms used herein and not otherwise defined in this Amendment No. 7 have the meaning set forth in the Report.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Report is hereby amended and supplemented by adding the following information: Between September 13, 2024 and August 26, 2025, Mr. Kahn purchased an aggregate of 157,100 shares of Issuer Common Stock through a series of open market purchases of Issuer Common Stock, purchased with Mr. Kahn's personal funds. On January 29, 2025, Mr. Kahn exercised a stock option to purchase 25,000 shares of Issuer Common Stock at an exercise price of $0.81 per share. The exercise price was paid with Mr. Kahn's personal funds. On March 26, 2025, Mr. Kahn purchased 33,334 shares of Issuer Common Stock in a private placement at a price of $1.52 per share, purchased with Mr. Kahn's personal funds. On June 26, 2025, Mr. Kahn received a restricted stock award of 129,788 shares of Issuer Common Stock pursuant to the Issuer's 2016 Equity Incentive Plan (the "2016 Plan"), of which 43,739 shares were withheld by the Issuer to satisfy Mr. Kahn's tax withholding obligations, resulting in a net issuance to Mr. Kahn of 86,049 shares of Issuer Common Stock.
Item 4.	Purpose of Transaction
	Item 4 of the Report is hereby amended and supplemented to incorporate by reference the disclosure made under Item 3.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date of this Amendment No. 7, Mr. Kahn beneficially owns 2,171,465 shares of Issuer Common Stock (comprised of (i) 1,297,333 shares of Issuer Common Stock (including 544 shares owned by Mr. Kahn's spouse), and (ii) options to acquire 874,132 shares of Issuer Common Stock which have vested or which will vest within 60 days of August 28, 2025, which number of shares represents approximately 16.7% of the outstanding Issuer Common Stock based on 12,112,068 shares issued and outstanding as of August 28, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed on August 14, 2025. The percentage of ownership reported in this Item 5 was calculated in accordance with Rule 13d-3(d)(1)(i) promulgated under the Securities Exchange Act of 1934, as amended.
(b)	Mr. Kahn may be deemed to have the sole power to vote or direct the vote, or to dispose or direct the disposition, of an aggregate of 2,170,921 shares of Issuer Common Stock. For the purposes hereof, Mr. Kahn may be deemed to beneficially own an aggregate of 544 shares of Issuer Common Stock owned by his spouse.
(c)	Except as described in Item 3, which is hereby incorporated by reference, Mr. Kahn has not effected any transaction in Issuer Common Stock during the past 60 days.
(d)	Not applicable.
(e)	Not applicable.

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.

Kahn Roger E.

Signature:	/s/ Roger "Ari" Kahn
Name/Title:	Roger "Ari" Kahn
Date:	08/28/2025

FAQ

How many Bridgeline Digital (BLIN) shares does Roger "Ari" Kahn beneficially own after this amendment?

He beneficially owns 2,171,465 shares, representing approximately 16.7% of the 12,112,068 shares outstanding as of August 28, 2025.

What transactions did Mr. Kahn complete between September 13, 2024 and August 26, 2025?

He made open-market purchases totaling 157,100 shares, exercised an option for 25,000 shares at $0.81 on January 29, 2025, bought 33,334 shares in a private placement at $1.52 on March 26, 2025, and received a restricted stock award of 129,788 shares on June 26, 2025 (net 86,049 after tax withholding).

Did Mr. Kahn use company funds for these purchases?

No. The filing states all purchases and the option exercise were paid with Mr. Kahn's personal funds.

What voting power does Mr. Kahn have over BLIN shares?

He may be deemed to have sole voting and dispositive power over 2,170,921 shares; 544 shares are attributed to his spouse.

Does the filing indicate any intent to form a group or change control?

No. The filing indicates Mr. Kahn is not reporting membership in a group and does not disclose any intent to effect a change in control.