Form 4: Bridgeline Digital CEO Exercises Options, Adjusts Holdings

Bridgeline Digital CEO Roger Kahn exercised stock options and adjusted his direct beneficial ownership of common stock.

Summary

• Roger E. Kahn, President and CEO, Director, and 10% Owner of Bridgeline Digital, Inc. (BLIN), reported transactions on December 30, 2025.
• Kahn acquired 1,000 shares of Common Stock through the exercise of stock options at an exercise price of $0.81 per share.
• Concurrently, Kahn disposed of 685 shares of Common Stock at a price of $0.90 per share to satisfy the exercise price of the options.
• Following these transactions, Kahn's direct beneficial ownership of Common Stock is 1,409,435 shares.
• Additionally, Kahn indirectly beneficially owns 544 shares through his spouse, disclaiming beneficial ownership except to the extent of his pecuniary interest.
• The stock options, with an exercise price of $0.81, vested in equal quarterly installments beginning May 7, 2024.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the CEO exercised options, indicating continued interest and a belief in the company's value, despite a portion of shares being sold to cover the exercise cost, which is a routine event.

Positives

• The exercise of stock options by the CEO indicates continued engagement and a vested interest in the company's performance.
• The exercise price of $0.81 is below the disposition price of $0.90, suggesting a positive spread on the transaction.

Negatives

• A portion of the acquired shares (685 shares) was sold to cover the exercise price, which is a common practice but reduces the net increase in direct beneficial ownership.

Stakeholder Impact

• Shareholders may view the CEO's option exercise as a positive signal of management's confidence in the company's future.

Key Dates

Keywords

Bridgeline Digital, BLIN, Roger E. Kahn, Insider Trading, Form 4, Stock Options, CEO, Beneficial Ownership, Equity Transactions