Michael N. Taglich - Dec 21, 2021 Form 4 Insider Report for Bridgeline Digital, Inc. (BLIN)

Role: Director
Signature: /s/ Michael N. Taglich
Stock symbol: BLIN
Transactions as of: Dec 21, 2021
Transactions value $: $9,219
Form type: 4
Date filed: 12/23/2021, 04:42 PM
Previous filing: Dec 7, 2021
Next filing: Jul 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLIN	Common Stock	Exercise of in-the-money or at-the-money derivative security	$9.22K	+2.38K	+2.71%	$3.88	90.3K	Dec 21, 2021	Direct	F1, F2
holding	BLIN	Common Stock						35	Dec 21, 2021	By spouse	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	Common Stock Warrants (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-2.38K	-100%	$0.00^*	0	Dec 21, 2021	Common Stock	2.38K	$3.88	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	For the purposes of this Form 4, the number of shares of common stock of Bridgeline Digital, Inc (the "Company") beneficially owned by the Reporting Person is the number of shares in Table 1 Column 4 (2,379) plus 87,933 shares of common stock beneficially owned by the Reporting Person prior to this reported transaction calculated as follows: (x) 360,229 shares (representing the total beneficial ownership of the Reporting Person reflected in the beneficial ownership table included in the Company's Form 10-K, filed with the commission on December 20, 2021) minus (y)(i) 195,662 shares of common stock underlying currently exercisable warrants; (ii) 37,708 shares of common stock underlying currently exercisable options; (iii) 2 shares of common stock underlying currently exercisable warrants owned by the Reporting Person's spouse (the ownership of which the Reporting Person disclaims);
F2	(iv) 35 shares of common stock owned by the Reporting Person's spouse (the ownership of which the Reporting Person disclaims); and (v) 38,889 shares of common stock issuable upon the conversion of the Company's Series C Preferred Stock.
F3	The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for the purpose of Section 16 or for any other purpose.