0001104659-24-069225.txt : 20240607 0001104659-24-069225.hdr.sgml : 20240607 20240607060341 ACCESSION NUMBER: 0001104659-24-069225 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240607 DATE AS OF CHANGE: 20240607 GROUP MEMBERS: BRADLEY F. SIMON GROUP MEMBERS: DOUGLAS GRANAT GROUP MEMBERS: LAWRENCE A. OBERMAN GROUP MEMBERS: STEVEN G. SIMON GROUP MEMBERS: STEVEN R. MONIESON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TechTarget Inc CENTRAL INDEX KEY: 0001293282 STANDARD INDUSTRIAL CLASSIFICATION: TELEGRAPH & OTHER MESSAGE COMMUNICATIONS [4822] ORGANIZATION NAME: 06 Technology IRS NUMBER: 043483216 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82910 FILM NUMBER: 241027150 BUSINESS ADDRESS: STREET 1: 275 GROVE STREET CITY: NEWTON STATE: MA ZIP: 02466 BUSINESS PHONE: 617-431-9200 MAIL ADDRESS: STREET 1: 275 GROVE STREET CITY: NEWTON STATE: MA ZIP: 02466 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Trigran Investments, Inc. CENTRAL INDEX KEY: 0001336800 ORGANIZATION NAME: IRS NUMBER: 363825728 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 630 DUNDEE ROAD STREET 2: SUITE 230 CITY: NORTHBROOK STATE: IL ZIP: 60062 BUSINESS PHONE: 8476561640 MAIL ADDRESS: STREET 1: 630 DUNDEE ROAD STREET 2: SUITE 230 CITY: NORTHBROOK STATE: IL ZIP: 60062 SC 13G/A 1 tm2416527d1_sc13ga.htm SC 13G/A

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

(Rule 13d-102)

 

Information Statement Pursuant to Rules 13d-1

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

TECHTARGET, INC.

(Name of Issuer)

 

Common Stock, Par Value of $0.001 Per Share

(Title of Class of Securities)

 

87874R100

(CUSIP Number)

 

May 10, 2024

Date of Event Which Requires Filing of the Statement

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 2 of 12

 

  1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Trigran Investments, Inc.
 
  2. Check the Appropriate Box if a Member of a Group
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Illinois corporation

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power
0
   
6. Shared Voting Power
2,814,485 shares of common stock
   
7. Sole Dispositive Power
0
   
8. Shared Dispositive Power
2,932,935 shares of common stock

 

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,932,935 shares of common stock (1)
 
  10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
Approximately 10.3% (based on 28,548,634 shares of common stock issued and outstanding as of May 6, 2024, pursuant to the TechTarget, Inc. Form 10-Q filed with the SEC on May 9, 2024)
 
  12. Type of Reporting Person
IA/CO

 

(1) The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of its pecuniary interest.

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 3 of 12

 

  1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Douglas Granat
 
  2. Check the Appropriate Box if a Member of a Group
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
U.S. Citizen

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power
0
 
6. Shared Voting Power
2,814,485 shares of common stock
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
2,932,935 shares of common stock

 

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,932,935 shares of common stock (1)
 
  10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
Approximately 10.3% (based on 28,548,634 shares of common stock issued and outstanding as of May 6, 2024, pursuant to the TechTarget, Inc. Form 10-Q filed with the SEC on May 9, 2024)
 
  12. Type of Reporting Person
IN/HC

 

(1) The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of his pecuniary interest.

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 4 of 12

 

  1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lawrence A. Oberman
 
  2. Check the Appropriate Box if a Member of a Group
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
U.S. Citizen

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power
0
 
6. Shared Voting Power
2,814,485 shares of common stock
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
2,932,935 shares of common stock

 

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,932,935 shares of common stock (1)
 
  10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
Approximately 10.3% (based on 28,548,634 shares of common stock issued and outstanding as of May 6, 2024, pursuant to the TechTarget, Inc. Form 10-Q filed with the SEC on May 9, 2024)
 
  12. Type of Reporting Person
IN/HC

 

(1) The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of his pecuniary interest.

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 5 of 12

 

  1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Steven G. Simon
 
  2. Check the Appropriate Box if a Member of a Group
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
U.S. Citizen

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power
0
 
6. Shared Voting Power
2,814,485 shares of common stock
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
2,932,935 shares of common stock

 

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,932,935 shares of common stock (1)
 
  10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
Approximately 10.3% (based on 28,548,634 shares of common stock issued and outstanding as of May 6, 2024, pursuant to the TechTarget, Inc. Form 10-Q filed with the SEC on May 9, 2024)
 
  12. Type of Reporting Person
IN/HC

 

(1) The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of his pecuniary interest.

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 6 of 12

 

  1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Bradley F. Simon
 
  2. Check the Appropriate Box if a Member of a Group
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
U.S. Citizen

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power
0
 
6. Shared Voting Power
2,814,485 shares of common stock
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
2,932,935 shares of common stock

 

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,932,935 shares of common stock (1)
 
  10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
Approximately 10.3% (based on 28,548,634 shares of common stock issued and outstanding as of May 6, 2024, pursuant to the TechTarget, Inc. Form 10-Q filed with the SEC on May 9, 2024)
 
  12. Type of Reporting Person
IN/HC

 

(1) The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of his pecuniary interest.

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 7 of 12

 

  1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Steven R. Monieson
 
  2. Check the Appropriate Box if a Member of a Group
    (a) ¨
    (b) x
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
U.S. Citizen

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With		 5. Sole Voting Power
0
 
6. Shared Voting Power
2,814,485 shares of common stock
 
7. Sole Dispositive Power
0
 
8. Shared Dispositive Power
2,932,935 shares of common stock

 

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,932,935 shares of common stock (1)
 
  10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
Approximately 10.3% (based on 28,548,634 shares of common stock issued and outstanding as of May 6, 2024, pursuant to the TechTarget, Inc. Form 10-Q filed with the SEC on May 9, 2024)
 
  12. Type of Reporting Person
IN/HC

 

(1) The Reporting Person disclaims beneficial ownership of the shares reported in this Schedule 13G, except to the extent of his pecuniary interest.

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 8 of 12

 

Item 1(a) Name of Issuer:
TechTarget, Inc.
Item 1(b)

Address of Issuer’s Principal Executive Offices:
275 Grove Street

Newton, MA 02466

 
Item 2(a) Name of Person Filing
See Item 2(c)
Item 2(b) Address of Principal Business Office
See Item 2(c)
Item 2(c)

Citizenship
Trigran Investments, Inc.

630 Dundee Road, Suite 230

Northbrook, IL 60062

Illinois corporation

 

Douglas Granat

630 Dundee Road, Suite 230

Northbrook, IL 60062

U.S. Citizen

 

Lawrence A. Oberman

630 Dundee Road, Suite 230

Northbrook, IL 60062

U.S. Citizen

 

Steven G. Simon

630 Dundee Road, Suite 230

Northbrook, IL 60062

U.S. Citizen

 

Bradley F. Simon

630 Dundee Road, Suite 230

Northbrook, Illinois 60062

U.S. Citizen

 

Steven R. Monieson

630 Dundee Road, Suite 230

Northbrook, Illinois 60062

U.S. Citizen

Item 2(d) Title of Class of Securities:
Common Stock, par value of $0.001 per share
Item 2(e) CUSIP Number:
87874R100
       

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 9 of 12

 

Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
   
  (a) ¨ Broker or dealer registered under section 15 of the Exchange Act;
       
  (b) ¨ Bank as defined in section 3(a)(6) of the Exchange Act;
       
  (c) ¨ Insurance company as defined in section 3(a)(19) of the Exchange Act;
       
  (d) ¨ Investment company registered under section 8 of the Investment Company Act;
       
  (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
       
  (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
       
  (g) x A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
       
  (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
       
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act;
       
  (j) ¨ A non-U.S. institution in accordance with Rule 13d–1(b)(1)(ii)(J);
       
  (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d–1(b)(1)(ii)(J), please specify the type of institution:______________
       
If this statement is filed pursuant to Rule 13d-1(c), check this box. ¨

 

Item 4 Ownership:(2)
  (a) Amount beneficially owned:
Incorporated by reference to Item 9 of the cover page pertaining to each reporting person.
  (b) Percent of class:
Incorporated by reference to Item 11 of the cover page pertaining to each reporting person.
  (c)

Number of shares as to which such person has:

 

    (i) Sole power to vote or to direct the vote:
Incorporated by reference to Item 5 of the cover page pertaining to each reporting person.
    (ii) Shared power to vote or to direct the vote:
Incorporated by reference to Item 6 of the cover page pertaining to each reporting person.
    (iii) Sole power to dispose or to direct the disposition of:
Incorporated by reference to Item 7 of the cover page pertaining to each reporting person.
    (iv) Shared power to dispose or to direct the disposition of:
Incorporated by reference to Item 8 of the cover page pertaining to each reporting person.

 

(2)  Douglas Granat, Lawrence A. Oberman, Steven G. Simon, Bradley F. Simon, and Steven R. Monieson are the controlling shareholders and officers of Trigran Investments, Inc. and thus may be considered the beneficial owners of shares beneficially owned by Trigran Investments, Inc.

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 10 of 12

 

Item 5 Ownership of Five Percent or Less of a Class:
   
  Not Applicable.
 
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
   
Owners of accounts managed by Trigran Investments, Inc. have or may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities held in their accounts.  No such account has such power with respect to more than five percent of the class of securities to which this Schedule 13G relates.
 
Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
   
  Not Applicable.
 
Item 8 Identification and Classification of Members of the Group:
   
  Not Applicable.
 
Item 9 Notice of Dissolution of Group:
   
  Not Applicable.
 
Item 10 Certification:
   
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 11 of 12

 

After reasonable inquiry and to the best of its knowledge and belief, the undersigned Reporting Persons certify that the information set forth in this statement is true, complete, and correct.

 

Date: June 7, 2024

 

TRIGRAN INVESTMENTS, INC.  
   
By: /s/ Lawrence A. Oberman  
Name: Lawrence A. Oberman  
Title: Executive Vice President  
   
/s/ Douglas Granat  
Douglas Granat  
   
/s/ Lawrence A. Oberman  
Lawrence A. Oberman  
   
/s/ Steven G. Simon  
Steven G. Simon  
   
/s/ Bradley F. Simon  
Bradley F. Simon  
   
/s/ Steven R. Monieson  
Steven R. Monieson  

 

 

 

 

CUSIP No. 87874R100Schedule 13GPage 12 of 12

 

INDEX TO EXHIBITS

 

  PAGE
   
EXHIBIT 1: Agreement to Make a Joint Filing 1

 

 

 

 EX-1 2 tm2416527d1_ex1.htm EXHIBIT 1

 

Exhibit 1

 

CUSIP No. 87874R100Schedule 13GPage 1 of 1

 

EXHIBIT 1 TO SCHEDULE 13G

 

June 7, 2024

 

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, TRIGRAN INVESTMENTS, INC., DOUGLAS GRANAT, LAWRENCE A. OBERMAN, STEVEN G. SIMON, BRADLEY F. SIMON and STEVEN R. MONIESON each hereby agree to the joint filing of this statement on Schedule 13G (including any and all amendments hereto). In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. A copy of this Agreement shall be attached as an exhibit to the Statement on Schedule 13G filed on behalf of each of the parties hereto, to which this Agreement relates.

 

This Agreement may be executed in multiple counterparts, each of which shall constitute an original, one and the same instrument.

 

TRIGRAN INVESTMENTS, INC.  
   
By: /s/ Lawrence A. Oberman  
Name: Lawrence A. Oberman  
Title: Executive Vice President  
   
/s/ Douglas Granat  
Douglas Granat  
   
/s/ Lawrence A. Oberman  
Lawrence A. Oberman  
   
/s/ Steven G. Simon  
Steven G. Simon  
   
/s/ Bradley F. Simon  
Bradley F. Simon  
   
/s/ Steven R. Monieson  
Steven R. Monieson