Form 4 for GAIA GAIA, INC

Accepted 2025-05-09 00:00:00 ET · period of report 2025-05-07 · accession 0001535264-25-000042 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
MI	2025-05-09	2025-05-07+	GAIA	AWM Investment Company, Inc.	10%	S - Sale	$5.17	-20.0K	1.94M	-1%	-$103.4K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2025-05-07	S	D	10,000	$5.13	1,952,706	I By Limited Partnership	—	—	(F2) This is a weighted average price.
2	Common	Common Stock	2025-05-08	S	D	10,000	$5.21	1,942,706	I By Limited Partnership	—	—	(F2) This is a weighted average price. (F1) AWM Investment Company, Inc., a Delaware corporation (AWM), is the investment adviser to Special Situations Fund III QP, L.P. (SSFQP), Special Situations Cayman Fund, L.P. (Cay) and Special Situations Private Equity Fund, L.P. (SSPE). (SSPE and together with SSFQP and Cay, the Funds). As the investment adviser to the Funds, AWM holds sole voting and investment power over 1,316,994 shares of Common Stock of the Issuer (the Shares) held by SSFQP, 377,037 Shares held by Cay and 248,675 Shares held by SSPE. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are the controlling principals of AWM. The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.