SCHEDULE: Needham Entities Disclose 6.8% Stake in Northern Technologies
Beneficial Ownership Report
Needham Investment Management and related entities have reported a 6.8% beneficial ownership stake in Northern Technologies International Corp. as of September 30, 2025.
Summary
- Needham Investment Management L.L.C., Needham Asset Management, LLC, Needham Aggressive Growth Fund, and George A. Needham collectively beneficially own 640,000 shares of Northern Technologies International Corp. Common Stock.
- This ownership represents 6.8% of the total class of securities.
- The reporting persons share both voting and dispositive power over all 640,000 shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported ownership position.
- The securities were not acquired or held for the purpose of changing or influencing control of Northern Technologies International Corp.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. The filing is a factual disclosure of beneficial ownership, which is inherently neutral. However, a significant institutional stake (6.8%) by a reputable investment firm can be perceived as a positive signal of confidence in the issuer, hence a slightly elevated score.
Positives
- Increased institutional ownership by Needham entities, potentially signaling confidence in Northern Technologies International Corp.'s prospects.
Future Outlook
The filing does not contain forward-looking statements or guidance regarding Northern Technologies International Corp.'s future performance or strategic direction.
Industry Context
This filing indicates a notable institutional investment in Northern Technologies International Corp., a company operating in the industrial sector, specifically in corrosion prevention and biodegradable products. Such an investment by a recognized asset manager like Needham could draw further attention to the company within its industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Beneficial Ownership Disclosure | Needham Investment Management L.L.C. is identified as the relevant entity for which Needham Asset Management, LLC and George A. Needham may be considered control persons, clarifying the ownership structure within the reporting group. | 09/30/2025 | Clarifies the internal control relationships among the reporting entities, providing transparency on the beneficial ownership structure. |
Stakeholder Impact
- Shareholders: Increased transparency regarding significant institutional ownership.
- Potential Investors: May view the 6.8% stake by Needham entities as a positive indicator of the company's investment appeal.
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of event requiring the filing of this statement |
| 11/13/2025 | Filing date of Schedule 13G Amendment No. 1 |
Keywords
Northern Technologies International Corp., NTIC, Needham Investment Management, Institutional Ownership, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management
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