Fluent insider exercises pre-funded warrants
Fluent, Inc. director and 10% owner James Geygan reported derivative exercises and related position updates, mainly through Global Value Investment Corporation (GVIC).
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Form Type
4
Rhea-AI Filing Summary
Fluent, Inc. director and 10% owner James Geygan reported derivative exercises and related position updates, mainly through Global Value Investment Corporation (GVIC). GVIC exercised 67,059 pre-funded warrants for Common Stock on a cashless basis at an exercise price of $0.0005 per share and now reports 3,127,507 Common shares indirectly. Geygan also exercised 11,366 pre-funded warrants held directly, bringing his direct Common Stock holdings to 101,053 shares. The filing shows no open-market purchases or sales; activity consists of exercising pre-funded warrants and minor restructuring entries while regular warrants for additional shares remain outstanding.
Insider Trade Summary
78,425 shares exercised/converted
Exercise
8 txns
Insider
GEYGAN JAMES
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Pre-Funded Warrants | 11,366 | $0.00 | $0.00 |
| Exercise | Pre-Funded Warrants | 67,059 | $0.00 | $0.00 |
| Exercise | Common Stock | 11,366 | $0.0005 | $5.68 |
| Other | Common Stock | 1 | $0.00 | $0.00 |
| Exercise | Common Stock | 67,059 | $0.0005 | $33.53 |
| Other | Common Stock | 8 | $0.00 | $0.00 |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
Holdings After Transaction:
Pre-Funded Warrants — 0 contracts (Direct);
Pre-Funded Warrants — 0 contracts (Indirect, By Global Value Investment Corporation);
Common Stock — 101,052 shares (Direct);
Common Stock — 3,127,499 shares (Indirect, By Global Value Investment Corporation);
Warrants — 11,366 contracts (Direct);
Warrants — 67,059 contracts (Indirect, By Global Value Investment Corporation)
Footnotes (6)
- F1. The Reporting Person exercised the pre-funded warrants on a cashless basis.
- F2. 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.
- F3. 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 purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F4. The Warrants are exercisable following stockholder approval of the offering of the Warrants on June 17, 2026.
- F5. The Warrants will expire three years from the date of issuance.
- F6. The pre-funded warrants terminated when exercised in full. The pre-funded warrants were exercised on June 24, 2026.
Key Figures
Pre-funded warrants exercised indirectly: 67,059 shares
Pre-funded warrants exercised directly: 11,366 shares
Total derivative exercise shares: 78,425 shares
+5 more
8 metrics
Pre-funded warrants exercised indirectly
67,059 shares
Exercised on June 24, 2026 via GVIC at $0.0005
Pre-funded warrants exercised directly
11,366 shares
Exercised on June 24, 2026 at $0.0005
Total derivative exercise shares
78,425 shares
ExerciseShares in transaction summary for pre-funded warrants
Indirect Common Stock holdings
3,127,507 shares
Total shares following indirect Common Stock transaction
Direct Common Stock holdings
101,053 shares
Total shares following direct Common Stock transaction
Remaining indirect warrants
67,059 underlying shares
Warrants at $2.2000 exercise price, indirect
Remaining direct warrants
11,366 underlying shares
Warrants at $2.2000 exercise price, direct
Warrant exercise price
$2.2000 per share
Exercise price for remaining Warrants
Key Terms
pre-funded warrants, cashless basis, beneficial ownership, Section 16 of the Securities Exchange Act of 1934, +2 more
6 terms
pre-funded warrants financial
"The Reporting Person exercised the pre-funded warrants on a cashless basis."
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.
cashless basis financial
"The Reporting Person exercised the pre-funded warrants on a cashless basis."
An agreement executed on a cashless basis lets a holder convert or exercise a security (like options, warrants, or conversion rights) without paying money upfront; instead the holder receives a smaller number of shares equal in value to what the cash would have purchased. Think of trading a coupon for fewer slices of a cake rather than handing over cash for the full slice. For investors, it affects how much ownership and dilution occur and avoids immediate cash outlays.
beneficial ownership financial
"These securities may be deemed to be beneficially owned by the reporting person because he controls GVIC"
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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
Warrants financial
"The Warrants are exercisable following stockholder approval of the offering of the Warrants on June 17, 2026."
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.
stockholder approval financial
"The Warrants are exercisable following stockholder approval of the offering of the Warrants on June 17, 2026."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did FLNT director James Geygan report on this Form 4?
James Geygan reported exercises of pre-funded warrants into Fluent, Inc. Common Stock and updated holdings. The transactions were derivative exercises and other restructurings, with no open-market buys or sells, primarily through Global Value Investment Corporation accounts he controls.
What pre-funded warrant exercises did Global Value Investment Corporation report for FLNT?
GVIC exercised 67,059 pre-funded warrants for Fluent Common Stock on a cashless basis at an exercise price of $0.0005 per share. The filing notes these pre-funded warrants terminated when exercised in full on June 24, 2026, converting into Common Stock.
What FLNT warrants remain outstanding after these transactions?
The filing shows remaining warrants to acquire 67,059 Fluent Common shares indirectly and 11,366 shares directly at an exercise price of $2.2000 per share. The Warrants are exercisable following stockholder approval of their offering on June 17, 2026 and expire three years from issuance.
Did the FLNT Form 4 disclose any open-market stock purchases or sales?
No open-market purchases or sales were reported. The Form 4 shows exercises of pre-funded warrants into Common Stock, remaining warrant positions, and minor “other” restructuring transactions, with net buy-sell activity described as neutral in the transaction summary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
