Fluent (FLNT) insider exercises 597,505 pre-funded warrant shares
Rhea-AI Filing Summary
Fluent, Inc. director and Chief Customer Officer Matthew Conlin reported multiple equity transactions involving pre-funded warrants and common stock. On June 23, 2026 and June 25, 2026, entities associated with him exercised pre-funded warrants at a $0.0005 per share exercise price, converting them into a total of 597,505 shares of common stock on a cashless basis.
Following these exercises and small restructuring entries coded as other acquisitions or dispositions, Conlin held 3,009,027 shares of common stock directly as of June 25, 2026. Indirectly, the Conlin Family Foundation Trust held 498,474 shares, while the 2017 Conlin Shakra Family Trust and RSMC Partners, LLC held 60,175 and 333,334 shares, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 597,415 shares
Net Buy
11 txns
Insider
Conlin Matthew
Role
Chief Customer Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Pre-Funded Warrant | 454,648 | $0.00 | $0.00 |
| Exercise | Pre-Funded Warrant | 57,143 | $0.00 | $0.00 |
| Exercise | Common Stock | 454,648 | $0.0005 | $227.32 |
| Other | Common Stock | 70 | $0.0005 | $0.04 |
| Exercise | Common Stock | 57,143 | $0.0005 | $28.57 |
| Other | Common Stock | 8 | $0.0005 | $0.00 |
| Exercise | Pre-Funded Warrant | 85,714 | $0.00 | $0.00 |
| Exercise | Common Stock | 85,714 | $0.0005 | $42.86 |
| Other | Common Stock | 12 | $0.0005 | $0.01 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Pre-Funded Warrant — 0 shares (Direct);
Common Stock — 3,008,957 shares (Direct);
Common Stock — 498,466 shares (Indirect, Held by the
Conlin
Family
Foundation
Trust);
Common Stock — 333,334 shares (Indirect, Held by RSMC Partners, LLC);
Common Stock — 60,175 shares (Indirect, Held by 2017 Conlin Shakra Family Trust)
Footnotes (7)
- F1. The Reporting Person exercised the pre-funded warrants on a cashless basis.
- F2. The Reporting Person is the Co-Trustee of the Conlin Family Trust and in such capacity has the shared right to vote and dispose of the securities held by such trust.
- F3. The Reporting Person is a Member of RSMC Partners, LLC.
- F4. The Reporting Person disclaims ownership of these securities and this report shall not be deemed an admission that the Reporting Person owns such securities for purposes of Section 16 or for other purposes.
- F5. The pre-funded warrants became immediately exercisable after stockholder approval of the offering of the Issuer's pre-funded warrants, which approval was obtained on June 17, 2026.
- F6. The pre-funded warrants terminated when exercised in full. The pre-funded warrants were exercised on June 23, 2026.
- F7. The pre-funded warrants terminated when exercised in full. The pre-funded warrants were exercised on June 23, 2026.
Key Figures
Warrant exercises into common: 597,505 shares
Exercise price: $0.0005 per share
Direct common holdings: 3,009,027 shares
+5 more
8 metrics
Warrant exercises into common
597,505 shares
Underlying common stock from pre-funded warrants exercised June 2026
Exercise price
$0.0005 per share
Exercise price for pre-funded warrants converted into common stock
Direct common holdings
3,009,027 shares
Common stock held directly by Matthew Conlin as of June 25, 2026
Conlin Family Foundation Trust
498,474 shares
Common stock held indirectly via Conlin Family Foundation Trust
2017 Conlin Shakra Family Trust
60,175 shares
Indirect common stock holding as of June 23, 2026
RSMC Partners, LLC holding
333,334 shares
Indirect common stock holding as of June 23, 2026
Stockholder approval date
June 17, 2026
Date pre-funded warrants became exercisable after stockholder approval
Warrant exercise date
June 23, 2026
Date pre-funded warrants were exercised in full and terminated
Key Terms
pre-funded warrants, cashless basis, Exercise or conversion of derivative security, other acquisition or disposition, +1 more
5 terms
pre-funded warrants financial
"The pre-funded warrants became immediately exercisable after stockholder approval of the offering of the Issuer's pre-funded warrants"
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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
Section 16 regulatory
"shall not be deemed an admission that the Reporting Person owns such securities for purposes of Section 16 or for other purposes."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transactions did Matthew Conlin report for Fluent (FLNT)?
Matthew Conlin reported exercises of pre-funded warrants into common stock and small restructuring transactions. These actions converted derivative positions into 597,505 common shares and updated both his direct and indirect ownership stakes in Fluent, Inc. as of late June 2026.
What are Matthew Conlin’s direct common stock holdings in Fluent (FLNT) after these transactions?
After the reported transactions, Matthew Conlin directly held 3,009,027 shares of Fluent common stock. This total reflects both the warrant exercises and small other acquisition or disposition entries recorded on June 23 and June 25, 2026 in the Form 4.
What indirect Fluent (FLNT) holdings are associated with Matthew Conlin?
Indirectly, 498,474 Fluent shares are held by the Conlin Family Foundation Trust, 60,175 shares by the 2017 Conlin Shakra Family Trust, and 333,334 shares by RSMC Partners, LLC. Footnotes note his roles with these entities and include a disclaimer of beneficial ownership.
Were the Fluent (FLNT) pre-funded warrants still outstanding after these transactions?
No. The filing states the pre-funded warrants became exercisable after stockholder approval on June 17, 2026 and terminated when exercised in full. The reported derivative entries show zero pre-funded warrants remaining following the June 23, 2026 exercises.
AI-generated analysis. How Rhea-AI works. Not financial advice.
