SCHEDULE 13G/A: 8 Knots Management and Scott Green Disclose 8.23% Stake in eHealth, Inc.

Investment adviser 8 Knots Management, LLC and its managing member Scott Green have disclosed a combined beneficial ownership of 8.23% of eHealth, Inc.'s common stock.

Summary

• 8 Knots Management, LLC, a Delaware limited liability company and registered investment adviser, along with its managing member Scott Green, have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in eHealth, Inc.
• As of March 31, 2025, 8 Knots Management, LLC and Scott Green each beneficially own 2,463,962 shares of eHealth, Inc. Common Stock, representing 8.23% of the class.
• This ownership includes shares held by 8 Knots Fund, LP (1,283,482 shares or 4.29%) and 8 Knots Fund II, LP (105,579 shares or 0.35%), for which 8 Knots GP, LP serves as the general partner.
• 8 Knots GP, LP beneficially owns 1,389,061 shares, representing 4.64% of the class.
• 8 Knots Management also serves as an adviser to separately managed accounts (SMAs) and a sub-adviser to another private investment fund.
• While 8 Knots Management maintains investment discretion over certain SMAs and the Sub-Advised Fund, it disclaims beneficial ownership of 153,587 shares held by the Sub-Advised Fund and 815,622 shares held by SMA-1, SMA-3, SMA-4, and SMA-5 due to termination clauses in their respective agreements.
• 8 Knots Management and Mr. Green may be deemed to have beneficial ownership of 105,692 shares held by SMA-2.
• The percentages are calculated based on 29,942,604 shares of eHealth, Inc.'s Common Stock outstanding, as disclosed in the Issuer's Form 10-K filed on February 27, 2025.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative statements about the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by an investment adviser, indicating a significant institutional stake in eHealth, Inc. It does not provide specific insights into broader industry trends or competitive positioning beyond the fact of investment interest in the company.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, which can influence market perception and potentially signal confidence or interest from a notable investment entity.

Key Dates

Keywords

eHealth Inc, 8 Knots Management, Scott Green, Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, SEC Filing, Institutional Ownership