# EDGAR Filing Document

**Accession Number:** 0002120220
**File Stem:** 0001398344-26-005441
**Filing Date:** 2026-3
**Character Count:** 15861
**Document Hash:** 6c7a3ca5002d3b1efe5d79eca8d5be04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-005441.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0001398344-26-005441

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260319

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIRGAIN INC
- **CENTRAL INDEX KEY:** 0001272842
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 954523882
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-89836
- **FILM NUMBER:** 26775387

**BUSINESS ADDRESS:**
- **STREET 1:** 3611 VALLEY CENTRE DRIVE
- **STREET 2:** SUITE 150
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130
- **BUSINESS PHONE:** (760) 579-0200

**MAIL ADDRESS:**
- **STREET 1:** 3611 VALLEY CENTRE DRIVE
- **STREET 2:** SUITE 150
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92130
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** O'Connell Timothy M.
- **CENTRAL INDEX KEY:** 0002120220

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**MAIL ADDRESS:**
- **STREET 1:** 400 DORLA COURT
- **STREET 2:** BOX 12187
- **CITY:** ZEPHYR COVE
- **STATE:** NV
- **ZIP:** 89448

## Ex-1

**Exhibit 1**

**SCHEDULE OF TRANSACTIONS IN SHARES**

The following table sets forth all transactions in the shares of Common Stock effected in the past sixty days by the Reporting Persons. All such transactions were effected in the open market and the price per share includes commissions. The Price Per Share ($) is a weighted average price.

---

| | | | | |
|:---|:---|:---|:---|:---|
| Trade Date | Reporting Person | Type | Shares | Price Per Share ($) |
| 1/20/2026 | Timothy O'Connell | Bought | 3507 | 3.99 |
| 1/20/2026 | Emre Aciksoz | Bought | 15944 | 3.98 |
| 1/22/2026 | Emre Aciksoz | Bought | 3480 | 4.23 |
| 1/28/2026 | Emre Aciksoz | Bought | 5000 | 4.50 |
| 1/29/2026 | Emre Aciksoz | Bought | 3214 | 4.35 |
| 2/23/2026 | Emre Aciksoz | Bought | 2231 | 5.00 |
| 2/24/2026 | Emre Aciksoz | Bought | 1000 | 4.90 |
| 2/27/2026 | Timothy O'Connell | Bought | 2400 | 4.15 |
| 3/2/2026 | Emre Aciksoz | Bought | 1769 | 4.25 |
| 3/3/2026 | Emre Aciksoz | Bought | 886 | 4.40 |
| 3/4/2026 | Timothy O'Connell | Bought | 10000 | 4.12 |
| 3/4/2026 | Emre Aciksoz | Bought | 5000 | 4.19 |
| 3/5/2026 | Timothy O'Connell | Bought | 37600 | 4.10 |
| 3/6/2026 | Timothy O'Connell | Bought | 10000 | 4.05 |
| 3/17/2026 | Timothy O'Connell | Bought | 12100 | 3.94 |

---

## Ex-2

**Exhibit 2**

**Joint Filing Agreement**

The undersigned hereby agree that a single Schedule 13D (or any amendment thereto) relating to the Common Stock of Airgain, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13D.

Dated: March 19, 2026

---

| |
|:---|
| /s/ Timothy O'Connell |
| Timothy O'Connell |

---

---

| |
|:---|
| /s/ Haluk L. Bayraktar |
| Haluk L. Bayraktar |

---

---

| |
|:---|
| /s/ Emre Aciksoz |
| Emre Aciksoz |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**AIRGAIN, INC.**

*(Name of Issuer)*

**Common Stock**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Timothy O'Connell**<br>400 Dorla Court<br>Box 12187<br>Zephyr Cove NV 89448<br>(702) 807-7858

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**03/19/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Timothy O'Connell** | Name of reporting person<br>**Timothy O'Connell** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**332100.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**332100.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**332100.00** | Aggregate amount beneficially owned by each reporting person<br>**332100.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**2.7%** | Percent of class represented by amount in Row (11)<br>**2.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) Percentage calculated based on 12,223,892 shares of common stock, par value $0.0001 per share, outstanding as of February 19, 2026, as reported in the Annual Report on Form 10-K filed by Airgain, Inc. for the fiscal year ended December 31, 2025.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Haluk L. Bayraktar** | Name of reporting person<br>**Haluk L. Bayraktar** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**W8** | Citizenship or place of organization<br>**W8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**398036.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**398036.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**398036.00** | Aggregate amount beneficially owned by each reporting person<br>**398036.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**3.3%** | Percent of class represented by amount in Row (11)<br>**3.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) Percentage calculated based on 12,223,892 shares of common stock, par value $0.0001 per share, outstanding as of February 19, 2026, as reported in the Annual Report on Form 10-K filed by Airgain, Inc. for the fiscal year ended December 31, 2025.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Emre Aciksoz** | Name of reporting person<br>**Emre Aciksoz** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**W8** | Citizenship or place of organization<br>**W8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**230239.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**230239.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**230239.00** | Aggregate amount beneficially owned by each reporting person<br>**230239.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.9%** | Percent of class represented by amount in Row (11)<br>**1.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) Percentage calculated based on 12,223,892 shares of common stock, par value $0.0001 per share, outstanding as of February 19, 2026, as reported in the Annual Report on Form 10-K filed by Airgain, Inc. for the fiscal year ended December 31, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock

**(b) Name of Issuer:**
AIRGAIN, INC.

**(c) Address of Issuer's Principal Executive Offices:**
3611 Valley Centre Drive, Suite 150, San Diego, CA, 92130

This statement on Schedule 13D (this "Statement") relates to the shares of common stock, $0.0001 par value per share (the "Common Stock"), of Airgain, Inc., a Delaware corporation (the "Issuer"). The address of the principal offices of the Issuer is 3611 Valley Centre Drive, Suite 150, San Diego, CA 92130.

**Item 4. Purpose of Transaction**

The Reporting Persons acquired the shares of Common Stock because they believe the shares are materially undervalued and represent an attractive investment opportunity.  The Reporting Persons believe that the Issuer's Board of Directors (the "Board") has been highly ineffective at creating any sustainable shareholder value since the shares of Common Stock have become publicly traded on August 12, 2016 (the "IPO").  To illustrate, as of March 18, 2026, the Issuer's stock price has declined more than 50% from its IPO price of $8.00 per share, with no dividends or distributions paid to shareholders in the Issuer's entire public-company history. Further, the ongoing lack of scale in the Issuer's business, combined with its highly inefficient public-company structure, leaves shareholders at serious risk of even further value degradation.

The Reporting Persons believe the Issuer's business is significantly more valuable to a strategic acquirer than its current public market valuation. The Reporting Persons estimate that the Issuer's shareholders could receive approximately $11 to $13 per share in a sale of the Issuer. This sale valuation estimate is based on the Issuer's consensus analyst forecasted sales of approximately $56 million for fiscal year 2026, gross margins averaging approximately 44% on its products, a conservative two-times multiple of revenues valuation by a strategic acquirer for its core antenna business, and an incremental valuation of at least $25 million for its recently launched Lighthouse product.

The Reporting Persons do not have confidence that the Issuer's current Board will engage an investment bank in a timely manner to run a formal strategic alternatives review process. The Reporting Persons intend to engage with the Issuer's management and Board regarding these views and may seek to replace current members of the Board with candidates committed to an expedited return of shareholder capital through a sale of the Issuer or other value-maximizing transaction. The Reporting Persons expect to engage with other shareholders of the Issuer regarding their proposed plans.

The Reporting Persons intend to review their investment in the Issuer on a continuing basis and, depending on various factors, may in the future take such actions with respect to their investment in the Issuer as they deem appropriate.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information set forth in the cover pages of this Schedule 13D is hereby incorporated by reference in this Item 5.  As of the date hereof the Reporting Persons beneficially own an aggregate of 960,375 shares of the Issuer's Common Stock, representing 7.9% of the outstanding shares.

**(b)**
The Reporting Persons may be deemed to constitute a group pursuant to Rule 13d-5(b), in which case each of the Reporting Persons could be deemed to beneficially own all the shares of Common Stock held by the other Reporting Persons; however, each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock held by the other Reporting Persons except to the extent of their pecuniary interest therein (if any).

**(c)**
Information concerning transactions in the shares of Common Stock effected by the Reporting Persons during the past sixty days is set forth in Exhibit 1 hereto and is incorporated herein by reference. All of the transactions listed in Exhibit 1 were effected in the open market.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The Reporting Persons' discussions of their views about the Issuer may result in the Reporting Persons being deemed to be acting together for the purpose of acquiring, holding, voting or disposing of the Issuer's securities for purposes of Rule 13d-5(b). Except as described herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Issuer.

### 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.

**Reporting Person:** Timothy O'Connell

**Signature:** /s/ Timothy O'Connell

**Name/Title:** Timothy O'Connell

**Date:** 03/19/2026

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.

**Reporting Person:** Haluk L. Bayraktar

**Signature:** /s/ Haluk L. Bayraktar

**Name/Title:** Haluk L. Bayraktar

**Date:** 03/19/2026

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.

**Reporting Person:** Emre Aciksoz

**Signature:** /s/ Emre Aciksoz

**Name/Title:** Emre Aciksoz

**Date:** 03/19/2026