GVIC adds 61K Fluent (FLNT) shares in open-market purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fluent, Inc. insider activity centers on Global Value Investment Corporation (GVIC). GVIC, a major shareholder managing various accounts, reported an open-market purchase of 61,368 shares of Fluent common stock at a weighted average price of $2.7523 per share, held indirectly through GVIC-managed accounts.
After this purchase, GVIC-related indirect holdings in Fluent common stock increased to 3,151,044 shares. Separately, 9,385 shares are shown as directly held. The filing also records an internal restructuring transaction of 40,390 shares tied to accounts that, as of June 16, 2026, terminated their advisory relationship with GVIC, so those positions are no longer included.
GVIC-associated entities also hold warrants and pre-funded warrants over 78,425 underlying Fluent common shares each, with exercise prices of $2.2000 and $0.0005 per share, respectively, which become exercisable after stockholder approval. Overall, the filing reflects a net share purchase rather than a sale by this large holder.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 61,368 shares ($168,903)
Net Buy
5 txns
Insider
GLOBAL VALUE INVESTMENT CORP., GEYGAN JEFFREY RICHART, GEYGAN JAMES, Wilke Stacy, Geygan Kathleen, Rice Shawn G
Role
null | null | null | null | null | null
Bought
61,368 shs ($169K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 40,390 | $0.00 | -- |
| Purchase | Common Stock | 61,368 | $2.7523 | $169K |
| holding | Pre-Funded Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,110,654 shares (Indirect, By Global Value Investment Corporation);
Pre-Funded Warrants — 78,425 shares (Indirect, By Global Value Investment Corporation);
Warrants — 78,425 shares (Indirect, By Global Value Investment Corporation);
Common Stock — 9,385 shares (Direct, null)
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 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. 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. 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. 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
Open-market purchase: 61,368 shares
Purchase price: $2.7523/share
Indirect common holdings: 3,151,044 shares
+5 more
8 metrics
Open-market purchase
61,368 shares
Common Stock bought indirectly at weighted avg $2.7523
Purchase price
$2.7523/share
Weighted average price for 61,368-share common stock purchase
Indirect common holdings
3,151,044 shares
Common Stock indirectly held after 61,368-share purchase
Restructuring transfer
40,390 shares
Common Stock removed as certain accounts left GVIC on June 16, 2026
Direct common holding
9,385 shares
Total Fluent common stock shown as directly held
Warrants exercise price
$2.2000/share
Indirect Warrants over 78,425 underlying Fluent common shares
Pre-funded warrants exercise price
$0.0005/share
Indirect Pre-Funded Warrants over 78,425 underlying Fluent common shares
Underlying shares per warrant type
78,425 shares
Underlying Fluent common stock for each of Warrants and Pre-Funded Warrants
Key Terms
weighted average purchase price, Pre-Funded Warrants, beneficial ownership, separately managed accounts, +2 more
6 terms
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.
Pre-Funded Warrants financial
"The Pre-Funded Warrants will be exercisable after stockholder approval"
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.
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
"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.
stockholder approval regulatory
"will be exercisable after stockholder approval of the offering"
Stockholder approval is formal consent given by a company’s shareholders, usually through a vote at a meeting or by proxy, for major actions such as mergers, asset sales, changes to corporate structure, or amendments to governance rules. Investors pay attention because the vote can enable or block steps that materially change a company’s direction, ownership or value—like neighbors voting to allow a major renovation that would alter a building’s use and worth.
investment advisor financial
"it serves as the investment manager and/or investment advisor"
An investment advisor is a person or firm that provides personalized guidance on buying, selling and managing investments and often oversees client portfolios for a fee. For investors this matters because the advisor shapes risk, costs and long-term returns, and is typically required by law to act in the client’s best interests — think of them as a financial coach or GPS that helps navigate choices and avoid costly detours.
FAQ
What did Global Value Investment Corp. report in this Fluent (FLNT) Form 4?
GVIC reported buying more Fluent common stock. It disclosed an open-market purchase of 61,368 shares at a weighted average price of $2.7523 per share, increasing its indirectly held position in Fluent through accounts it manages.
Did GVIC buy or sell Fluent (FLNT) stock in the latest Form 4?
GVIC reported a net purchase of Fluent stock. The key transaction is an open-market buy of 61,368 common shares. No open-market sales were reported, and the transaction summary shows a net-buy direction on a share-count basis.
Who are the individuals named alongside GVIC in the Fluent (FLNT) Form 4?
Several individuals file jointly with GVIC but reference GVIC’s holdings. The form lists Jeffrey R. Geygan, James P. Geygan and others, while footnotes state GVIC beneficially owns the reported Fluent common stock through accounts it manages.