Framework Journal · one stock, one dated entry

Recorded 2026-05-15 · Permanent

Bridgeline Digital, Inc. BLIN

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

The label
Distribution

read at $1.06

Bridgeline Digital, Inc. holds its Distribution at $1.06.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-05-15
PhaseDistribution · caution
Quantitative stateConsolidating, no directional conviction, held for 2 days
Price$1.06
ValuationN/A trailing · 7.75 forward price to earnings
Values screenPASS · score 92.6
Beta0.99

The trader read · the latest dated commentary

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (93). The risk-adjusted return profile shows modest positive risk-adjusted returns. Entered 2026-07-03 · Distribution

The dated journal · newest first, never edited

2026-07-03 Distribution $1.06 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (93). The risk-adjusted return profile shows modest positive risk-adjusted returns.

2026-07-02 Distribution $1.06 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with near-perfect ethical score (93). The risk-adjusted return profile shows modest positive risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · BLIN
DateInsiderTitleTypeSharesValue
2026-03-10 KAHN ROGER E Chief Executive Officer 10,000 $9,300
2026-03-03 KETSLAKH MICHAEL Director 6,959 $5,915
2026-02-25 KETSLAKH MICHAEL Director 13,041 $11,085
2026-02-19 KAHN ROGER E Chief Executive Officer 54,301 $42,206
2026-02-19 KETSLAKH MICHAEL Director 1,353 $1,150
2026-01-30 GALAZNIK KENNETH J Director 22,500 ·
2026-01-30 KAHN JONI Director 22,500 ·
2026-01-30 KAHN ROGER E Chief Executive Officer 300,000 $246,000
2026-01-30 KETSLAKH MICHAEL Director 22,500 ·
2026-01-30 ROSS BRANDON Director 22,500 ·

Public filings, recorded as found. The full tape lives at Insider Intelligence.

The political ledger · congressional disclosures

Disclosures naming BLIN
DatePoliticianPartyTypeAmount
21 May2026 Scott Peters Democrat sell 250K–500K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $0.96 +14.6% · $1,146 +14.6%
2 months $0.85 +29.4% · $1,294 +29.4%
3 months $0.95 +15.8% · $1,158 +15.8%
6 months $1.06 +3.8% · $1,038 +3.8%
1 year $1.57 -29.9% · $701 -29.9%
2 years $1.07 +2.8% · $1,028 +2.8%
3 years $1.13 -2.6% · $974 -2.6%
5 years $2.71 -59.4% · $406 -59.4%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever BLIN does next, these words stay.

Bridgeline Digital, Inc. · BLIN · Distribution · $1.06
Recorded 2026-05-15 · before the outcome · scored mechanically

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