Fluent (FLNT) director and 10% owner Geygan adds 82,480 shares in buys

Rhea-AI Filing Summary

Fluent, Inc. director and 10% owner James Geygan reported open-market purchases of a total of 82,480 shares of Common Stock on March 12–13, 2026. Most of the buying was for accounts managed by Global Value Investment Corporation, which he controls, at prices around $3.47–$3.49 per share, plus a small direct purchase.

After these transactions, accounts managed by Global Value Investment Corporation held 3,040,655 shares indirectly attributed to him, and he held 58,406 shares directly. He also holds Pre-Funded Warrants and Warrants, both tied to Common Stock, which become exercisable only after stockholder approval; the Warrants will expire three years from their issuance date, while the Pre-Funded Warrants will terminate once fully exercised.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GEYGAN JAMES

(Last) (First) (Middle)

300 VESEY SREET

9TH FLOOR

(Street)

NEW YORK NY 10282

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Fluent, Inc. [ FLNT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/12/2026		P		17,207	A	$3.4858(1)	2,975,632	I	By Global Value Investment Corporation(2)
Common Stock	03/13/2026		P		65,148	A	$3.4712(1)	3,040,655	I	By Global Value Investment Corporation(2)
Common Stock	03/13/2026		P		125	A	$3.4712(1)	58,406	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Pre-Funded Warrants	$0.0005							(3)	(4)	Common Stock	11,366		11,366	D
Warrants	$2.2							(5)	(6)	Common Stock	11,366		11,366	D
Pre-Funded Warrants	$0.0005							(3)	(4)	Common Stock	67,059		67,059	I	By Global Value Investment Corporation(2)
Warrants	$2.2							(5)	(6)	Common Stock	67,059		67,059	I	By Global Value Investment Corporation(2)

Explanation of Responses:

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.

2. 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.

3. The Pre-Funded Warrants will be exercisable after stockholder approval of the offering of the Pre-Funded Warrants.

4. The Pre-Funded Warrants will terminate when exercised in full.

5. The Warrants will be exercisable after stockholder approval of the offering of the Warrants.

6. The Warrants will expire three years from the date of issuance.

	James P. Geygan	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did James Geygan report for Fluent (FLNT)?

James Geygan reported open-market purchases totaling 82,480 shares of Fluent Common Stock. Most shares were bought for accounts managed by Global Value Investment Corporation, with a smaller amount acquired in his own direct account.

At what prices did the Fluent (FLNT) insider shares trade in this Form 4?

The reported purchases were made at weighted average prices of $3.4858 and $3.4712 per share. The filing notes these are averages and offers to provide full detail of shares bought at each individual price level upon request.

How many Fluent (FLNT) shares does James Geygan hold after these transactions?

After these purchases, accounts managed by Global Value Investment Corporation held 3,040,655 Fluent Common shares attributed indirectly to him, and he held 58,406 shares directly. These figures reflect the positions reported immediately following the March 2026 trades.

What is Global Value Investment Corporation’s role in the Fluent (FLNT) holdings?

Many of the reported Fluent shares are held in accounts managed by Global Value Investment Corporation and related entities. Geygan controls this firm, so those managed-account positions may be deemed beneficially owned by him for reporting purposes under the Form 4.

What warrant positions tied to Fluent (FLNT) does the Form 4 show?

The filing lists Pre-Funded Warrants and Warrants linked to Fluent Common Stock, with exercise prices of $0.0005 and $2.2000. Both become exercisable only after stockholder approval; the Warrants expire three years from issuance, while Pre-Funded Warrants end once fully exercised.

Are the Fluent (FLNT) insider warrant holdings direct or indirect?

The Form 4 shows warrant holdings both directly and indirectly. Some Pre-Funded Warrants and Warrants are held in Geygan’s direct ownership, while others are held through accounts managed by Global Value Investment Corporation and are attributed to him as indirect beneficial ownership.