Kahn Roger E. 4

What Happened
Roger E. Kahn, a reported 10% owner of Bridgeline Digital, bought 10,000 shares of BLIN in an open-market purchase on 2026-03-10 at $0.93 per share, for a total cost of $9,300. This was a direct purchase (transaction code P), which is a buy rather than a sale.

Key Details

• Transaction date and price: 2026-03-10, 10,000 shares @ $0.93 each.
• Total value: $9,300.
• Shares owned after transaction: Not specified in the filing.
• Filing date: Form 4 filed 2026-03-11 for the 2026-03-10 transaction (timely filing).
• Footnote: Kahn disclaims beneficial ownership of securities held by his spouse except to the extent of his pecuniary interest (standard spousal disclaimer).
• Transaction type: Open-market purchase by a 10% owner (insider category differs from executive trading).

Context
Purchases by insiders or large owners can be interpreted by investors as a positive signal, but this one is relatively small in dollar terms ($9.3k). As a 10% owner rather than a company officer, Kahn's trades reflect ownership activity but aren’t the same as executive compensation-driven transactions. The filing contains no indication of option exercises, gifts, or tax-withholding events.