Fluent (FLNT) 10% holder Global Value Investment reports new share buys

Rhea-AI Filing Summary

Global Value Investment Corp. (GVIC), a 10% owner of Fluent, Inc., reported open-market purchases of Common Stock. GVIC bought 65,148 shares on March 13, 2026 at a weighted average price of $3.4712 and 17,207 shares on March 12, 2026 at $3.4858, totaling 82,355 shares. After these trades, GVIC indirectly holds 3,089,676 Common shares and there are 9,385 shares reported as directly owned. GVIC is also shown with Pre-Funded Warrants and Warrants, each exercisable into 78,425 Common shares at exercise prices of $0.0005 and $2.20, respectively, which become exercisable only after stockholder approval, with the Warrants expiring three years from issuance. Footnotes state these securities are held in accounts managed by GVIC and that beneficial ownership is disclaimed beyond any pecuniary interest.

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

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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^*

GLOBAL VALUE INVESTMENT CORP.

(Last) (First) (Middle)

1433 N. WATER STREET

SUITE 400

(Street)

MILWAUKEE WI 53202

(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)

	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)	3,024,528	I	By Global Value Investment Corporation(2)(3)(4)
Common Stock	03/13/2026		P		65,148	A	$3.4712(1)	3,089,676	I	By Global Value Investment Corporation(2)(3)(4)
Common Stock								9,385	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							(5)	(6)	Common Stock	78,425		78,425	I	By Global Value Investment Corporation(2)
Warrants	$2.2							(7)	(8)	Common Stock	78,425		78,425	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 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.

3. 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.

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.

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

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

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

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

	James P. Geygan, Chief Executive Officer	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Global Value Investment Corp. report for Fluent (FLNT)?

Global Value Investment Corp. reported open-market purchases of Fluent Common Stock. It bought 65,148 shares on March 13, 2026 at $3.4712 and 17,207 shares on March 12, 2026 at $3.4858, totaling 82,355 newly acquired shares across the two days.

How many Fluent (FLNT) shares does Global Value Investment Corp. hold after these trades?

After the reported purchases, Global Value Investment Corp. is shown as indirectly holding 3,089,676 shares of Fluent Common Stock. In addition, 9,385 shares are reported as directly owned, giving investors a clearer view of the size of this shareholder’s visible equity position.

What derivative positions in Fluent (FLNT) does Global Value Investment Corp. report?

Global Value Investment Corp. reports Pre-Funded Warrants and Warrants, each exercisable into 78,425 shares of Fluent Common Stock. The Pre-Funded Warrants have a $0.0005 exercise price, while the Warrants have a $2.20 exercise price, providing additional potential equity exposure beyond current shares.

When can Global Value Investment Corp. exercise its Fluent (FLNT) warrants?

The filing states the Pre-Funded Warrants and Warrants become exercisable only after stockholder approval of their respective offerings. The Warrants will expire three years from their issuance date, while the Pre-Funded Warrants will terminate once they have been exercised in full.

How does Global Value Investment Corp. describe its beneficial ownership of Fluent (FLNT) shares?

The footnotes explain that the securities are held in one or more accounts managed by Global Value Investment Corp. and related entities. GVIC may be deemed a beneficial owner due to its advisory role but disclaims beneficial ownership except to the extent of its pecuniary interest.

Who else is associated with Global Value Investment Corp. in this Fluent (FLNT) filing?

The Form 4 notes that, in addition to Global Value Investment Corp., several individuals with the same business address are joint filers. Common Stock indirectly owned by GVIC includes shares owned by these individuals, consolidating their holdings under GVIC’s reported beneficial ownership framework.