Needham Group, Inc. - Dec 14, 2022 Form 4 Insider Report for KVH INDUSTRIES INC \DE\ (KVHI)

Role
10%+ Owner
Signature
The Needham Group, Inc., By: /s/ John J. Prior, Jr., Chief Executive Officer
Stock symbol
KVHI
Transactions as of
Dec 14, 2022
Transactions value $
$0
Form type
4
Date filed
6/8/2023, 10:31 AM
Previous filing
Jan 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KVHI Common Stock, par value $0.01 per share 1.86M Dec 14, 2022 See Footnote F1
holding KVHI Common Stock, par value $0.01 per share 74.9K Dec 14, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Needham Group, Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The reported securities are directly owned by certain investment advisory clients of Needham Investment Management, L.L.C. ("NIM"), a Delaware limited liability company that is registered as an investment adviser with the Securities and Exchange Commission, and may be deemed to be indirectly beneficially owned by: (i) The Needham Group, Inc. ("The Needham Group"), a Delaware corporation this is the ultimate parent company of NIM; and (ii) George A. Needham as shareholder and Chairman of the Board of Directors of The Needham Group. The Needham Group and George A. Needham disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission that either of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
F2 These securities are directly owned by The Needham Group and may be deemed to be indirectly beneficially owned by George A. Needham as shareholder and Chairman of the Board of Directors of The Needham Group. George A. Needham disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that George A. Needham is the beneficial owner of the securities for purposes of Section 16 of the Exchange Act or for any other purpose.