Fluent (FLNT) CEO granted 76,584 shares in stock award
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Patrick Donald Huntley reported acquisition or exercise transactions in this Form 4 filing.
Fluent, Inc. Chief Executive Officer Patrick Donald Huntley received a grant of 76,584 shares of common stock on June 28, 2024, at no cash cost per share, as part of his compensation. After this award, he directly owned 319,767 shares of common stock. An earlier Form 4 had understated this total because it did not fully reflect Fluent’s 1-for-6 reverse stock split effective April 11, 2024, and this amendment corrects the reported post-transaction holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patrick Donald Huntley
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 76,584 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 319,767 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 76,584 shares
Grant price: $0.00 per share
Shares owned after grant: 319,767 shares
+2 more
5 metrics
Shares granted
76,584 shares
Common stock award on June 28, 2024
Grant price
$0.00 per share
Reported transaction price for the stock award
Shares owned after grant
319,767 shares
CEO direct holdings following June 28, 2024 transaction
Reverse stock split ratio
1-for-6
Fluent reverse split effective April 11, 2024
Transaction code
A (grant, award, or other acquisition)
Non-derivative common stock transaction type
Key Terms
reverse stock split, Form 4, Grant, award, or other acquisition
3 terms
reverse stock split financial
"did not accurately reflect the total impact for Issuer's 1-for-6 reverse stock split effectuated on April 11, 2024"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Form 4 regulatory
"the Reporting Person filed a Form 4 which inadvertently reported"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did Fluent (FLNT) report for its CEO?
Fluent reported that CEO Patrick Donald Huntley received a grant of 76,584 shares of common stock on June 28, 2024. The shares were awarded at no cash cost per share as part of his equity-based compensation package.
Was the Fluent (FLNT) CEO stock grant an open-market purchase or sale?
The transaction was a grant or award, not an open-market trade. The CEO acquired 76,584 shares of common stock at a reported price of $0.00 per share, indicating a compensation-related equity award rather than a cash purchase or sale.
Why did Fluent (FLNT) file an amended Form 4 for its CEO?
The amended Form 4 corrects the total shares owned after the June 28, 2024 grant. A prior Form 4 misreported the CEO’s holdings because it did not accurately capture the full impact of Fluent’s 1-for-6 reverse stock split effective April 11, 2024.
How did Fluent’s 1-for-6 reverse stock split affect the CEO’s reported holdings?
Fluent completed a 1-for-6 reverse stock split effective April 11, 2024, consolidating shares. The CEO’s earlier reported post-transaction holdings did not fully incorporate this adjustment, so the amendment clarifies his correct total of 319,767 shares after the grant.