Director Geygan adds 61K Fluent (FLNT) shares and shifts accounts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fluent, Inc. director and 10% owner James Geygan, through Global Value Investment Corporation (GVIC) and personal accounts, reported net open-market purchases of 61,368 shares of Common Stock on June 12, 2026. He bought 1,185 shares directly at $2.7822 per share and 60,183 shares indirectly via GVIC-managed accounts at $2.7517 per share, both at weighted average prices. After these trades, direct holdings rose to 59,591 shares and indirect holdings to 3,100,838 shares. A separate "J" code entry on June 16, 2026 reclassified 40,390 indirectly held shares as certain separately managed accounts terminated their relationship with GVIC, reducing the reported indirect position to 3,060,448 shares. The filing also shows existing direct and indirect warrant and pre-funded warrant positions over additional Fluent common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 61,368 shares ($168,902)
Net Buy
7 txns
Insider
GEYGAN JAMES
Role
null
Bought
61,368 shs ($169K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 40,390 | $0.00 | -- |
| Purchase | Common Stock | 60,183 | $2.7517 | $166K |
| Purchase | Common Stock | 1,185 | $2.7822 | $3K |
| holding | Pre-Funded Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Pre-Funded Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,060,448 shares (Indirect, By Global Value Investment Corporation);
Common Stock — 59,591 shares (Direct, null);
Pre-Funded Warrants — 11,366 shares (Direct, null);
Warrants — 11,366 shares (Direct, null);
Pre-Funded Warrants — 67,059 shares (Indirect, By Global Value Investment Corporation);
Warrants — 67,059 shares (Indirect, By Global Value Investment Corporation)
Footnotes (1)
- The reported price represents a weighted average purchase price. The Reporting Person undertakes to provide to the staff, the issuer, or a security holder full information regarding the number of shares purchased at each separate price. These securities are held in one or more accounts managed indirectly by Global Value Investment Corporation or its subsidiary or its affiliated entities (collectively, "GVIC"). GVIC is controlled by the reporting person. These securities may be deemed to be beneficially owned by the reporting person because he controls GVIC, and GVIC may be deemed to have beneficial ownership of these securities because it serves as the investment manager to separate managed accounts and/or investment partnerships. As of June 16, 2026, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC. The positions held in such accounts are therefore no longer included herein. The Pre-Funded Warrants will be exercisable after stockholder approval of the offering of the Pre-Funded Warrants. The Pre-Funded Warrants will terminate when exercised in full. The Warrants will be exercisable after stockholder approval of the offering of the Warrants. The Warrants will expire three years from the date of issuance.
Key Figures
Net shares purchased: 61,368 shares
Direct purchase: 1,185 shares at $2.7822/share
Indirect purchase: 60,183 shares at $2.7517/share
+5 more
8 metrics
Net shares purchased
61,368 shares
Common Stock bought on June 12, 2026
Direct purchase
1,185 shares at $2.7822/share
Open-market purchase, Common Stock
Indirect purchase
60,183 shares at $2.7517/share
Open-market purchase via GVIC-managed accounts
Direct holdings after trade
59,591 shares
Common Stock held directly after June 12, 2026
Indirect holdings before reclassification
3,100,838 shares
Common Stock indirectly held after June 12, 2026
Indirect holdings after reclassification
3,060,448 shares
Common Stock indirectly held after June 16, 2026
Reclassified indirect shares
40,390 shares
Separately managed accounts no longer advised by GVIC
Warrant exercise prices
$2.2000 and $0.0005
Warrants and pre-funded warrants over Fluent common stock
Key Terms
Pre-Funded Warrants, Global Value Investment Corporation, beneficially owned, separately managed accounts, +1 more
5 terms
Pre-Funded Warrants financial
"The Pre-Funded Warrants will be exercisable after stockholder approval of the offering of the Pre-Funded Warrants."
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
Global Value Investment Corporation financial
"These securities are held in one or more accounts managed indirectly by Global Value Investment Corporation or its subsidiary or its affiliated entities"
beneficially owned financial
"These securities may be deemed to be beneficially owned by the reporting person because he controls GVIC"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
separately managed accounts financial
"As of June 16, 2026, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC."
A separately managed account is an investment portfolio owned by a single investor but professionally managed to that investor’s specific goals and preferences, rather than pooled with other clients’ money. It matters to investors because it offers greater customization, tax control and transparency—like hiring a personal chef instead of eating from a shared buffet—though it often requires higher minimums and can have different fee and liquidity implications.
weighted average purchase price financial
"The reported price represents a weighted average purchase price."
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
FAQ
What did Fluent (FLNT) director James Geygan report in this Form 4?
James Geygan reported net open-market purchases of Fluent common stock and an internal reclassification of some indirectly managed shares. The filing also lists his remaining warrant and pre-funded warrant positions linked to additional Fluent common shares.
What does the "J" transaction code mean in this Fluent (FLNT) Form 4?
The "J" code indicates another type of acquisition or disposition. Here it reflects a reclassification as certain separately managed accounts stopped being advised by GVIC, so 40,390 shares in those accounts are no longer included in Geygan’s reported indirect ownership.
When can the Fluent (FLNT) warrants and pre-funded warrants be exercised?
The pre-funded warrants become exercisable after stockholder approval of their offering and terminate when fully exercised. The warrants become exercisable after stockholder approval of their offering and will expire three years from their date of issuance, as disclosed.