Form 4: Topline Capital Management Increases Stake in Cognyte Software Ltd.

Topline Capital Management, through related entities, has increased its holdings in Cognyte Software Ltd. with recent purchases of common stock.

Summary

• Topline Capital Management, LLC, and Collin McBirney, its managing member, may be deemed to beneficially own more than 10% of Cognyte Software Ltd.'s outstanding shares.
• On September 11, 2024, Topline Capital Partners, LP purchased 553,591 shares of common stock at $6.31 per share.
• On September 12, 2024, Topline Capital Partners, LP purchased an additional 416,040 shares of common stock at $6.30 per share.
• Following these transactions, Topline Capital Partners, LP beneficially owns 9,020,184 shares of Cognyte Software Ltd.
• The reporting persons disclaim beneficial ownership of the shares of common stock reported herein except to the extent of its or his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine transactions by a major shareholder. The increased stake could be seen as a positive, but the disclaimer of beneficial ownership tempers enthusiasm.

Positives

• Topline Capital Management's increased investment could be seen as a positive signal for Cognyte Software Ltd.

Risks

• The reporting persons disclaim beneficial ownership of the shares of common stock reported herein except to the extent of its or his pecuniary interest therein, which could indicate a limited commitment.

Industry Context

Form 4 filings are routine disclosures of transactions by company insiders and large shareholders, providing transparency to the market.

Stakeholder Impact

• The increased stake by Topline Capital Management could positively influence shareholder confidence.

Key Dates