Fluent holder GVIC nets 10,461-share stock buy
Ten percent owner GVIC and related filers report net share purchases and a retained warrant position in Fluent, Inc., with some trades directed by clients.
Rhea-AI Filing Summary
Fluent, Inc. (FLNT) had insider activity reported by Global Value Investment Corp. (GVIC), a ten percent owner, and related individuals. Between August 14 and September 16, 2026, GVIC-managed accounts executed a mix of open‑market purchases and sales, resulting in a net purchase of 10,461 shares of Common Stock, alongside a small restructuring in which 135 shares in terminated client accounts are no longer included. The reporting persons disclose 9,385 shares of Common Stock held directly by one filer and an indirect position in warrants exercisable at $2.20 for 78,425 underlying shares through GVIC-managed accounts, with the warrants becoming exercisable following stockholder approval on June 17, 2026 and expiring three years from issuance. The filing notes that certain sales were unsolicited client-directed trades and that the individuals disclaim beneficial ownership beyond any pecuniary interest, and no Rule 10b5‑1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,461 shares
Net Buy
9 txns
Insider
GLOBAL VALUE INVESTMENT CORP., GEYGAN JEFFREY RICHART, GEYGAN JAMES, Wilke Stacy, Geygan Kathleen, Rice Shawn G
Role
10% Owner | Insider | Director, 10% Owner | Insider | Insider | Insider
Bought
12,376 shs ($42K)
Sold
1,915 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F8, F2, F3, F4 | 135 | -- | -- |
| Purchase | Common Stock F7, F2, F3, F4 | 12,376 | $3.38 | $42K |
| holding | Warrants F5, F6, F2, F3, F4 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| Sale | Common Stock F9, F1, F2, F3, F4 | 148 | $3.23 | $478.04 |
| Sale | Common Stock F9, F1, F2, F3, F4 | 665 | $3.58 | $2K |
| Sale | Common Stock F9, F1, F2, F3, F4 | 2 | $4.15 | $8.30 |
| Sale | Common Stock F9, F1, F2, F3, F4 | 500 | $4.05 | $2K |
| Sale | Common Stock F9, F1, F2, F3, F4 | 600 | $4.15 | $2K |
Holdings After Transaction:
Common Stock — 3,229,492 shares (Indirect, By Global Value Investment Corporation);
Warrants — 78,425 contracts (Indirect, By Global Value Investment Corporation);
Common Stock — 9,385 shares (Direct)
Footnotes (9)
- F1. The reported price represents a weighted average sale price. The Reporting Person undertakes to provide to the staff, the issuer, or a security holder full information regarding the number of shares sold at each separate price.
- F2. These securities are held in one or more accounts managed indirectly by Global Value Investment Corporation or its subsidiary or its affiliated persons/entities (collectively, "GVIC"). GVIC may be deemed to have beneficial ownership of these securities because it serves as the investment manager and/or investment advisor to separately managed accounts, investment partnerships, and/or individuals. The reporting person disclaims beneficial ownership in the securities except to the extent of his pecuniary interest, if any, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3. In addition to Global Value Investment Corp, a Delaware corporation ("GVIC"), this Form 4 is being filed jointly by Jeffrey R. Geygan, a citizen of the United States of America, James P. Geygan, a citizen of the United States of America, Stacy A. Wilke, a citizen of the United States of America, Kathleen M. Geygan, a citizen of the United States of America, and Shawn G. Rice, a citizen of the United States of America, each of whom has the same business address as GVIC. GVIC beneficially owns the shares of common stock, par value $0.0005 per share ("Common Stock"), of Fluent, Inc. reported on this Form 4.
- F4. In accordance with Instruction 4(b)(iv), the entire amount of Common Stock held by GVIC is reported herein. Common Stock reported as indirectly owned by GVIC includes shares owned by Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen M. Geygan, and Shawn G. Rice.
- F5. The Warrants are exercisable following stockholder approval of the offering of the Warrants on June 17, 2026.
- F6. The Warrants will expire three years from the date of issuance.
- F7. 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.
- F8. As of September 16, 2026, certain separately managed accounts terminated their relationship with, and are no longer advised by, Global Value Investment Corporation. The positions held in such accounts are therefore no longer included herein.
- F9. GVIC executed unsolicited trades in a client account, at the sole direction of the account owner, for the purpose of a partial account liquidation.
Key Figures
Shares purchased: 12,376 shares
Purchase price: $3.38 per share
Shares sold: 1,915 shares
+5 more
8 metrics
Shares purchased
12,376 shares
Common Stock purchased indirectly on September 14, 2026 at $3.38 per share
Purchase price
$3.38 per share
Weighted average purchase price for 12,376 Common Stock shares on September 14, 2026
Shares sold
1,915 shares
Total Common Stock sold indirectly across five sales between August 14 and September 1, 2026
Net shares bought
10,461 shares
Net of reported purchases and sales of Common Stock in this Form 4
Direct Common Stock holding
9,385 shares
Directly held Common Stock position as of the September 14, 2026 holdings entry
Warrant exercise price
$2.20 per share
Exercise price of warrants on 78,425 underlying shares of Common Stock
Underlying warrant shares
78,425 shares
Common Stock underlying warrants held indirectly through GVIC-managed accounts
Restructuring shares removed
135 shares
Positions no longer included after certain accounts ended GVIC advisory relationship on September 16, 2026
Key Terms
weighted average sale price, beneficial ownership, separately managed accounts, pecuniary interest, +2 more
6 terms
weighted average sale price financial
"The reported price represents a weighted average sale price."
beneficial ownership financial
"GVIC may be deemed to have beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
separately managed accounts financial
"serves as the investment manager and/or investment advisor to separately managed accounts"
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.
pecuniary interest financial
"disclaims beneficial ownership in the securities except to the extent of his pecuniary interest"
Warrants financial
"The Warrants are exercisable following stockholder approval of the offering"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
unsolicited trades financial
"GVIC executed unsolicited trades in a client account, at the sole direction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions in FLNT stock did Global Value Investment Corp. report?
The filing reports GVIC-managed accounts making open‑market purchases and sales of Fluent, Inc. Common Stock between August 14 and September 16, 2026, including a purchase of 12,376 shares at $3.38 per share and several smaller sales at weighted average prices above $3.23.
Did the FLNT insiders have net buying or selling activity in this Form 4?
Overall activity was net buying of 10,461 shares of Fluent, Inc. Common Stock across reported open‑market trades. This figure reflects 12,376 shares purchased and 1,915 shares sold during the reporting period, as summarized in the filing’s transaction totals.
Were the FLNT trades in this Form 4 executed under a Rule 10b5-1 plan?
No. The document-level Rule 10b5‑1 checkbox is not affirmed, and the footnotes instead state that certain GVIC trades were unsolicited client-directed transactions for partial account liquidation, rather than trades executed under a pre‑arranged trading plan.
How do the FLNT filers describe their beneficial ownership of the reported securities?
The filers state that securities are held in GVIC-managed accounts and that individuals may be deemed to have beneficial ownership due to advisory roles, but they disclaim beneficial ownership except to the extent of any pecuniary interest. GVIC is identified as the beneficial owner of the reported Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
