SCHEDULE 13G/A: 8 Knots Management and Scott Green Disclose 8.09% Stake in eHealth, Inc.
Beneficial Ownership Filing (Schedule 13G Amendment)
8 Knots Management, LLC and Scott Green have filed an amended Schedule 13G, disclosing a combined beneficial ownership of 8.09% of eHealth, Inc.'s common stock as of December 31, 2024.
Summary
- 8 Knots Management, LLC and Scott Green collectively reported beneficial ownership of 2,396,187 shares of eHealth, Inc. common stock.
- This ownership represents 8.09% of the total outstanding common stock of eHealth, Inc., calculated based on 29,633,690 shares outstanding as disclosed by the Issuer on its Form 10-Q filed November 6, 2024.
- Within this aggregate, 8 Knots Fund, LP and its general partner, 8 Knots GP, LP, beneficially own 1,369,740 shares, which constitutes 4.62% of the class.
- Scott Green is identified as the managing member of 8 Knots Management, LLC, which functions as an investment adviser registered with the U.S. Securities and Exchange Commission.
- 8 Knots Management serves as the investment manager for 8 Knots Fund, LP and as an adviser to several separately managed accounts (SMAs).
- The reporting persons disclaim beneficial ownership over 119,080 shares held by a Sub-Advised Fund and 770,300 shares held across SMA-1, SMA-3, SMA-4, and SMA-5, citing the terminable nature of their respective investment management agreements.
- Beneficial ownership is deemed for shares held by 8 Knots Fund and SMA-2 (117,067 shares).
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of eHealth, Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by an institutional investor, indicating a significant stake in eHealth, Inc. It does not provide broader industry trends or competitive analysis.
Related Party Transactions
- The filing details the organizational structure through which beneficial ownership is held: Scott Green is the managing member of 8 Knots Management, LLC, which is the general partner of 8 Knots GP, LP, which in turn is the general partner of 8 Knots Fund, LP. 8 Knots Management also advises several separately managed accounts (SMAs). This structure defines the relationships among the reporting persons regarding their collective ownership of eHealth, Inc. shares.
Stakeholder Impact
- Shareholders: The disclosure of a significant ownership stake by an institutional investor group may be viewed positively, indicating confidence in the company or potential for future engagement.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date eHealth, Inc. filed its Form 10-Q, disclosing 29,633,690 shares of common stock outstanding. |
| 12/31/2024 | Date of the event which required the filing of this statement (beneficial ownership snapshot). |
| 02/14/2025 | Date of filing and signature of the Schedule 13G Amendment No. 2. |
Keywords
eHealth Inc., 8 Knots Management, Scott Green, Beneficial Ownership, Schedule 13G, SEC Filing, Investment Adviser, Common Stock, Institutional Investor
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