Fluent CFO sells 9,604 shares to cover taxes

Fluent, Inc. Chief Financial Officer Ryan MacNab reported a disposition of common stock in a Form 4 filing.

Rhea-AI Filing Summary

Fluent, Inc. Chief Financial Officer Ryan MacNab reported a disposition of common stock in a Form 4 filing. On May 26, 2026, he sold 9,604 shares of Fluent common stock at a weighted average price of $2.5935 per share, with prices ranging from $2.52 to $2.63. According to the footnotes, these shares were sold to cover tax withholding obligations, indicating a compensation-related transaction rather than a discretionary portfolio move. After this sale, MacNab directly held 19,334 shares of Fluent common stock.

Insider Trade Summary

Net Seller: 9,604 shares

Net Sell 1 txn

Insider Perfit Ryan MacNab

Role Chief Financial Officer

Sold 9,604 shs ($25K)

Type	Security	Shares	Price	Value
Sale	Common Stock	9,604	$2.5935	$25K

Holdings After Transaction: Common Stock — 19,334 shares (Direct)

Footnotes (2)

1. F1. The shares were sold to cover tax withholding obligations.
2. F2. This sales price reflects a weighted average of multiple prices ranging from $2.52 to $2.63. Full information regarding the number of shares sold at each price will be provided to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer upon request.

Key Figures

Shares sold: 9,604 shares Average sale price: $2.5935 per share Price range: $2.52–$2.63 per share +2 more

5 metrics

Shares sold 9,604 shares Common stock sale on May 26, 2026

Average sale price $2.5935 per share Weighted average price for 9,604 shares

Price range $2.52–$2.63 per share Range of individual sale prices

Shares owned after transaction 19,334 shares Direct common stock holdings post-sale

Net buy/sell shares -9,604 shares Net-sell direction per transactionSummary

Key Terms

tax withholding obligations, weighted average, open-market sale, Form 4

4 terms

tax withholding obligations financial

"The shares were sold to cover tax withholding obligations."

weighted average financial

"This sales price reflects a weighted average of multiple prices ranging from $2.52 to $2.63."

A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Fluent (FLNT) report for CFO Ryan MacNab?

Fluent reported that CFO Ryan MacNab sold 9,604 shares of common stock. The sale occurred on May 26, 2026 and was used to cover tax withholding obligations related to compensation, rather than a purely discretionary market sale.

At what price did the Fluent (FLNT) CFO’s Form 4 shares sell?

The 9,604 Fluent shares sold by the CFO cleared at a weighted average price of $2.5935 per share. Footnotes state individual trade prices ranged between $2.52 and $2.63, with full breakdowns available to regulators and shareholders upon request.

How many Fluent (FLNT) shares does the CFO hold after this Form 4 sale?

After the reported sale, CFO Ryan MacNab directly holds 19,334 shares of Fluent common stock. This figure reflects his remaining direct ownership position following the 9,604 shares sold to satisfy tax withholding obligations on compensation.

Was the Fluent (FLNT) CFO’s Form 4 transaction an open-market sale?

The transaction is coded as an open-market sale but footnotes clarify the shares were sold to cover tax withholding obligations. That means the sale is tied to equity compensation taxes, not a standalone strategic decision to reduce exposure.

Does the Fluent (FLNT) Form 4 indicate any derivative exercises by the CFO?

No derivative transactions are shown in this Form 4. The filing reports only a single non-derivative common stock sale of 9,604 shares, with no concurrent option exercises or other derivative activity disclosed in the derivativeSummary section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/27/2026 - 09:39 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Perfit Ryan MacNab

(Last) (First) (Middle)

C/O FLUENT, INC.

300 VESEY STREET, 9TH FLOOR

(Street)

NEW YORK NEW YORK 10282

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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

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

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

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	05/26/2026		S(1)		9,604	D	$2.5935(2)	19,334	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

Explanation of Responses:

1. The shares were sold to cover tax withholding obligations.

2. This sales price reflects a weighted average of multiple prices ranging from $2.52 to $2.63. Full information regarding the number of shares sold at each price will be provided to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer upon request.

	/s/ Ryan Perfit	05/27/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)