Michael N. Taglich - Jul 7, 2021 Form 4 Insider Report for Bridgeline Digital, Inc. (BLIN)

Role
Director
Signature
/s/ Michael N. Taglich
Stock symbol
BLIN
Transactions as of
Jul 7, 2021
Transactions value $
-$1
Form type
4
Date filed
7/9/2021, 12:42 PM
Previous filing
May 18, 2021
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLIN Common Stock, par value $0.001 per share Exercise of in-the-money or at-the-money derivative security $91.4K +22.9K +6.48% $4.00 376K Jul 7, 2021 Direct F1
transaction BLIN Common Stock, par value $0.001 per share Tax liability -$91.4K -13.9K -3.7% $6.57 362K Jul 7, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BLIN Warrant to Purchase Common Stock Exercise of in-the-money or at-the-money derivative security $0 -22.9K -100% $0.00* 0 Jul 7, 2021 Common Stock, par value $0.001 per share 22.9K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 7, 2021, the reporting person exercised, via a cashless exercise option, a warrant to purchase 22,860 shares of common stock of Bridgeline Digital Inc. (the "Company"), par value $0.001 per share, for an exercise price of $4.00 per share.
F2 In connection with the reporting person's cashless exercise of warrants, the Company withheld 13,918 of the shares to satisfy the exercise price and issued to the reporting person the remaining 8,942 shares.
F3 The weighted average price of the common stock calculated as set forth in the warrant was $6.57.