Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
|
UNDER THE SECURITIES EXCHANGE ACT OF 1934
|
NLIGHT, INC. (Name of Issuer) |
Common Stock, par value $0.0001 per share (Title of Class of Securities) |
65487K100 (CUSIP Number) |
12/31/2024 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
|
 Rule 13d-1(c)
|
| Rule 13d-1(d)
|
SCHEDULE 13G
|
| CUSIP No. | 65487K100 |
| 1 | Names of Reporting Persons
NEEDHAM INVESTMENT MANAGEMENT LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
2,652,115.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
5.48 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IA, OO |
SCHEDULE 13G
|
| CUSIP No. | 65487K100 |
| 1 | Names of Reporting Persons
NEEDHAM ASSET MANAGEMENT, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
2,652,115.00 | ||||||||
| Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| |||||||||
| 11 | Percent of class represented by amount in row (9)
5.48 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
HC, OO |
SCHEDULE 13G
|
| CUSIP No. | 65487K100 |
| 1 | Names of Reporting Persons
NEEDHAM AGGRESSIVE GROWTH FUND | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
MARYLAND
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,681,250.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.47 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IV, OO |
SCHEDULE 13G
|
| CUSIP No. | 65487K100 |
| 1 | Names of Reporting Persons
NEEDHAM GROWTH FUND | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
MARYLAND
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
153,125.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
0.32 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IV, OO |
SCHEDULE 13G
|
| CUSIP No. | 65487K100 |
| 1 | Names of Reporting Persons
NEEDHAM SMALL CAP GROWTH FUND | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
MARYLAND
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
655,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
1.35 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IV, OO |
SCHEDULE 13G
|
| CUSIP No. | 65487K100 |
| 1 | Names of Reporting Persons
NEEDHAM CONTRARIAN (QP) FUND, LP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
35,965.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
0.07 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IV, OO |
SCHEDULE 13G
|
| CUSIP No. | 65487K100 |
| 1 | Names of Reporting Persons
NEEDHAM EMERGING GROWTH PARTNERS, LP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
126,775.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
0.26 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IV, OO |
SCHEDULE 13G
|
| CUSIP No. | 65487K100 |
| 1 | Names of Reporting Persons
GEORGE A. NEEDHAM | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
2,652,115.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
5.48 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
HC, IN |
SCHEDULE 13G
|
| Item 1. | ||
| (a) | Name of issuer:
NLIGHT, INC. | |
| (b) | Address of issuer's principal executive offices:
4637 NW 18th Avenue, Camas, Washington 98607 | |
| Item 2. | ||
| (a) | Name of person filing:
Needham Investment Management L.L.C.Needham Asset Management, LLCNeedham Aggressive Growth FundNeedham Growth FundNeedham Small Cap Growth FundNeedham Contrarian (QP) Fund, LPNeedham Emerging Growth Partners, LPGeorge A. Needham | |
| (b) | Address or principal business office or, if none, residence:
Needham Investment Management L.L.C.250 Park Avenue, 10th FloorNew York, New York 10117-1099United States of AmericaNeedham Asset Management, LLCc/o Needham Investment Management L.L.C.250 Park Avenue, 10th FloorNew York, New York 10117-1099United States of AmericaNeedham Aggressive Growth Fundc/o Needham Investment Management L.L.C.250 Park Avenue, 10th FloorNew York, New York 10117-1099United States of AmericaNeedham Growth Fundc/o Needham Investment Management L.L.C.250 Park Avenue, 10th FloorNew York, New York 10117-1099United States of AmericaNeedham Small Cap Growth Fundc/o Needham Investment Management L.L.C.250 Park Avenue, 10th FloorNew York, New York 10117-1099United States of AmericaNeedham Contrarian (QP) Fund, LPc/o Needham Investment Management L.L.C.250 Park Avenue, 10th FloorNew York, New York 10117-1099United States of AmericaNeedham Emerging Growth Partners, LPc/o Needham Investment Management L.L.C.250 Park Avenue, 10th FloorNew York, New York 10117-1099United States of AmericaGeorge A. Needhamc/o Needham Investment Management L.L.C.250 Park Avenue, 10th FloorNew York, New York 10117-1099United States of America | |
| (c) | Citizenship:
Needham Investment Management L.L.C. - DelawareNeedham Asset Management, LLC - DelawareNeedham Aggressive Growth Fund - MarylandNeedham Growth Fund - MarylandNeedham Small Cap Growth Fund - MarylandNeedham Contrarian (QP) Fund, LP - DelawareNeedham Emerging Growth Partners, LP - DelawareGeorge A. Needham - United States | |
| (d) | Title of class of securities:
Common Stock, par value $0.0001 per share | |
| (e) | CUSIP No.:
65487K100 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
| |
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
| |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
| |
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
| |
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
| |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
| |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
| |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
| |
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
| |
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
| |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
Needham Investment Management L.L.C. - 2,652,115Needham Asset Management, LLC - 2,652,115Needham Aggressive Growth Fund - 1,681,250Needham Growth Fund - 153,125Needham Small Cap Growth Fund - 655,000Needham Contrarian (QP) Fund, LP - 35,965Needham Emerging Growth Partners, LP - 126,775George A. Needham - 2,652,115 | |
| (b) | Percent of class:
Needham Investment Management L.L.C. - 5.48%Needham Asset Management, LLC - 5.48%Needham Aggressive Growth Fund - 3.47%Needham Growth Fund - 0.32%Needham Small Cap Growth Fund - 1.35%Needham Contrarian (QP) Fund, LP - 0.07%Needham Emerging Growth Partners, LP - 0.26%George A. Needham - 5.48% %
| |
| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
Needham Investment Management L.L.C. - 0Needham Asset Management, LLC - 0Needham Aggressive Growth Fund - 0Needham Growth Fund - 0Needham Small Cap Growth Fund - 0Needham Contrarian (QP) Fund, LP - 0Needham Emerging Growth Partners, LP - 0George A. Needham - 0 | ||
| (ii) Shared power to vote or to direct the vote:
Needham Investment Management L.L.C. - 2,652,115Needham Asset Management, LLC - 2,652,115Needham Aggressive Growth Fund - 1,681,250Needham Growth Fund - 153,125Needham Small Cap Growth Fund - 655,000Needham Contrarian (QP) Fund, LP - 35,965Needham Emerging Growth Partners, LP - 126,775George A. Needham - 2,652,115 | ||
| (iii) Sole power to dispose or to direct the disposition of:
Needham Investment Management L.L.C. - 0Needham Asset Management, LLC - 0Needham Aggressive Growth Fund - 0Needham Growth Fund - 0Needham Small Cap Growth Fund - 0Needham Contrarian (QP) Fund, LP - 0Needham Emerging Growth Partners, LP - 0George A. Needham - 0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
Needham Investment Management L.L.C. - 2,652,115Needham Asset Management, LLC - 2,652,115Needham Aggressive Growth Fund - 1,681,250Needham Growth Fund - 153,125Needham Small Cap Growth Fund - 655,000Needham Contrarian (QP) Fund, LP - 35,965Needham Emerging Growth Partners, LP - 126,775George A. Needham - 2,652,115 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities reported in this Schedule 13G are directly owned by advisory clients of Needham Investment Management L.L.C. None of those advisory clients may be deemed to beneficially own more than 5% of the Common Stock, par value $0.0001 per share. | ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B
attached hereto | ||
| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
| ||
| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
| ||
| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.
Exhibit Information
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[Exhibit A - Joint Filing Agreement][Exhibit B - Control Person Identification] |