Kahn Roger E. 4

What Happened

• Roger E. Kahn, a reported >10% owner of Bridgeline Digital, purchased a total of 54,301 shares in open-market transactions (Form 4, purchases coded "P") executed Feb 17–19, 2026. Transactions reported: 35,301 shares at a weighted-average $0.75 ($26,476), 14,000 shares at $0.82 ($11,480), and 5,000 shares at $0.85 ($4,250). These were purchases (acquisitions), not sales.

Key Details

• Dates and reported weighted-average prices:
  • Feb 17, 2026 — 35,301 shares @ $0.75 (F1 notes trades ranged $0.74–$0.77)
  • Feb 18, 2026 — 14,000 shares @ $0.82 (F2 notes trades ranged $0.77–$0.87)
  • Feb 19, 2026 — 5,000 shares @ $0.85 (included under F2 range)
• Total acquired: 54,301 shares for about $42,206.
• Shares owned after the transactions: not specified in the provided summary of the filing.
• Notable footnotes:
  • F1/F2: Each reported line is a weighted average of multiple trades; Kahn can provide per-trade breakdown on request.
  • F3: Kahn disclaims beneficial ownership of securities held by his spouse except to the extent of any pecuniary interest.
• Timeliness: Filing dated Feb 19, 2026 covering trades through Feb 17–19; no late-filing indication was provided in this report.

Context

• These were open-market purchases by a significant (>10%) shareholder, not an option exercise, gift, or award. Purchases by insiders can be informative to investors, but the filing alone does not state the purchaser’s motive.