Kahn Roger E. 4

What Happened
Roger E. Kahn, a 10% owner of Bridgeline Digital, received a restricted stock award of 300,000 shares on January 30, 2026. The grant price is reported at $0.82 per share, giving a total grant value of $246,000. The Form 4 shows this as an award (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-30; Form filed: 2026-02-02 (appears within the normal two-business-day filing window).
• Shares granted: 300,000 at $0.82 per share — total grant value $246,000.
• Vesting: The restricted stock vests in 12 equal installments over 12 quarters, beginning with the first fiscal quarter after the grant (per footnote).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Reporting person disclaims beneficial ownership of securities held by spouse except to extent of pecuniary interest.

Context
This was an equity award under the issuer’s 2025 Stock Incentive Plan, not a cash purchase — such grants are commonly used for compensation or retention and do not by themselves signal buying or selling intent. Because Kahn is a reported 10% owner, the grant is notable for size but should be interpreted as a company award subject to vesting rather than an immediate change in market exposure.