TechTarget, Inc. ownership filing: Lynrock Lake LP, Lynrock Lake Partners LLC and Cynthia Paul report beneficial ownership of 7,498,717 shares of common stock, representing 10.4% of the class.
This percentage is based on 72,157,906 shares outstanding as of November 5, 2025, as stated in the issuer's Form 10-Q. The shares are held directly by Lynrock Lake Master Fund LP; Lynrock Lake LP acts as investment manager and Cynthia Paul may be deemed to exercise voting and investment power.
Positive
None.
Negative
None.
Insights
Large passive ownership stake disclosed by an investment manager and related parties.
The filing lists 7,498,717 shares (10.4%) beneficially owned by Lynrock Lake-related entities and Cynthia Paul, based on November 5, 2025 outstanding data. This is a standard Section 13 disclosure showing voting and dispositive power held by an investment manager and its CIO.
Key dependencies include whether the stake is passive under applicable rules; subsequent amendments or Form 13D filings would be required if the purpose or intent changes.
A >5% holding is material for reporting but is routine disclosure.
The filing cites the investment manager relationship: shares held by Lynrock Lake Master Fund LP with voting and dispositive power delegated to Lynrock Lake LP and Cynthia Paul. The filing clarifies sole voting and dispositive power for 7,498,717 shares.
Market impact depends on trading behavior by the holder; the filing itself does not specify any planned transactions.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TechTarget, Inc.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
02/28/2026
(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 Number(s):
1
Names of Reporting Persons
Lynrock Lake LP
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
7,498,717.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
7,498,717.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,498,717.00
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)
10.4 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
1
Names of Reporting Persons
LYNROCK LAKE PARTNERS LLC
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
7,498,717.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
7,498,717.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,498,717.00
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)
10.4 %
12
Type of Reporting Person (See Instructions)
OO, HC
SCHEDULE 13G
CUSIP Number(s):
1
Names of Reporting Persons
Paul Cynthia
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
7,498,717.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
7,498,717.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,498,717.00
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)
10.4 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
TechTarget, Inc.
(b)
Address of issuer's principal executive offices:
275 Grove Street, Newton, Massachusetts, 02466
Item 2.
(a)
Name of person filing:
This Schedule 13G is being filed by (i) Lynrock Lake LP, (ii) Lynrock Lake Partners LLC, and (iii) Cynthia Paul (collectively, the "Reporting Persons").
(b)
Address or principal business office or, if none, residence:
The principal business address of the Reporting Persons is 2 International Drive, Suite 130, Rye Brook, NY 10573.
(c)
Citizenship:
(i) Lynrock Lake LP is a Delaware limited partnership, (ii) Lynrock Lake Partners LLC is a Delaware limited liability company, and (iii) Cynthia Paul is an individual and is a citizen of the United States.
(d)
Title of class of securities:
Common Stock, $0.001 par value per share
(e)
CUSIP No.:
87874R308
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:
Amount beneficially owned as of the date hereof:
Lynrock Lake LP - 7,498,717
Lynrock Lake Partners LLC - 7,498,717
Cynthia Paul - 7,498,717
(b)
Percent of class:
Percent of class as of the date hereof:
Lynrock Lake LP - 10.4%
Lynrock Lake Partners LLC - 10.4%
Cynthia Paul - 10.4%
Based on 72,157,906 shares of Common Stock, $0.001 par value per share ("Common Stock"), of TechTarget, Inc. (the "Issuer") outstanding as of November 5, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 10, 2025.
The shares of the Issuer's Common Stock are held directly by Lynrock Lake Master Fund LP ("Lynrock Lake Master"). Lynrock Lake LP (the "Investment Manager") is the investment manager of Lynrock Lake Master, and pursuant to an investment management agreement, the Investment Manager has been delegated full voting and investment power over securities of the Issuer held by Lynrock Lake Master. Cynthia Paul, the Chief Investment Officer of the Investment Manager and Sole Member of Lynrock Lake Partners LLC, the general partner of the Investment Manager, may be deemed to exercise voting and investment power over securities of the Issuer held by Lynrock Lake Master.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
As of the date hereof, the Reporting Persons had sole power to vote or to direct the vote of 7,498,717 shares of Common Stock.
(ii) Shared power to vote or to direct the vote:
As of the date hereof, the Reporting Persons had shared power to vote or to direct the vote of 0 shares of Common Stock.
(iii) Sole power to dispose or to direct the disposition of:
As of the date hereof, the Reporting Persons had sole power to dispose or to direct the disposition of 7,498,717 shares of Common Stock.
(iv) Shared power to dispose or to direct the disposition of:
As of the date hereof, the Reporting Persons had shared power to dispose or to direct the disposition of 0 shares of Common Stock.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
As disclosed in Item 4 of this Schedule 13G, as of the date hereof, Lynrock Lake Master directly held 7,498,717 shares of the Issuer's Common Stock. Certain feeder funds that invest in Lynrock Lake Master may have the right to receive dividends from, or the proceeds from the sale of, the securities directly held by Lynrock Lake Master.
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.
Lynrock Lake LP
Signature:
/s/ Cynthia Paul
Name/Title:
Cynthia Paul / Sole Member of Lynrock Lake Partners LLC, its general partner
What stake does Lynrock Lake report in TechTarget (TTGT)?
Lynrock Lake reports beneficial ownership of 7,498,717 shares, equal to 10.4% of TechTarget's common stock based on November 5, 2025 outstanding shares reported in the Form 10-Q.
Who holds the voting and disposition power for the reported TTGT shares?
The filing states the Reporting Persons have sole voting and sole dispositive power over 7,498,717 shares; Lynrock Lake LP is the investment manager and Cynthia Paul may exercise those powers.
On what outstanding-share count is the 10.4% calculated for TTGT?
The 10.4% figure is calculated using 72,157,906 shares outstanding as of November 5, 2025, as reported in the issuer's Form 10-Q filed November 10, 2025.
Are the reported TTGT shares held directly by Lynrock Lake LP or another entity?
The shares are held directly by Lynrock Lake Master Fund LP; Lynrock Lake LP serves as investment manager with delegated voting and investment authority, per the filing.
Does this Schedule 13G filing indicate intent to influence TechTarget (TTGT)?
This filing discloses beneficial ownership and voting power but does not state any intent to influence control; it does not describe plans or arrangements to change governance or strategy.
