SCHEDULE 13G: Needham Investment Management Group Discloses 5.48% Passive Stake in NLIGHT, INC.

Needham Investment Management L.L.C. and its affiliated entities have reported a collective beneficial ownership of 5.48% of NLIGHT, INC.'s common stock as of December 31, 2024, held for investment purposes.

Summary

• Needham Investment Management L.L.C., Needham Asset Management, LLC, George A. Needham, and several Needham funds (Needham Aggressive Growth Fund, Needham Growth Fund, Needham Small Cap Growth Fund, Needham Contrarian (QP) Fund, LP, and Needham Emerging Growth Partners, LP) have filed a Schedule 13G.
• The filing discloses their beneficial ownership of Common Stock, par value $0.0001 per share, of NLIGHT, INC. (CUSIP: 65487K100).
• As of December 31, 2024, Needham Investment Management L.L.C., Needham Asset Management, LLC, and George A. Needham each beneficially own an aggregate of 2,652,115 shares, representing 5.48% of the class.
• The individual funds' beneficial ownership percentages are: Needham Aggressive Growth Fund (3.47% or 1,681,250 shares), Needham Small Cap Growth Fund (1.35% or 655,000 shares), Needham Emerging Growth Partners, LP (0.26% or 126,775 shares), Needham Growth Fund (0.32% or 153,125 shares), and Needham Contrarian (QP) Fund, LP (0.07% or 35,965 shares).
• All reported shares are held with shared voting and shared dispositive power.
• 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 NLIGHT, INC.

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 performance indicators or forward-looking statements.

Risks

• Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and the report is not an admission of beneficial ownership for Section 16 of the Securities Exchange Act of 1934 purposes.

Industry Context

This filing indicates a significant passive investment by a group of institutional funds in NLIGHT, INC., a common occurrence in the public markets where investment firms take positions in companies they believe offer value, without seeking to influence management or control.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Needham Investment Management and its affiliates may be viewed positively by other investors, signaling confidence in NLIGHT, INC. from a reputable investment group.

Next Steps

• The reporting persons will be required to file amendments to this Schedule 13G if there are material changes to their beneficial ownership or if their intent changes from passive investment.

Key Dates

Keywords

NLIGHT INC, Schedule 13G, Beneficial Ownership, Institutional Investor, Investment Management, Common Stock, SEC Filing, Passive Investment, Needham Investment Management