STOCK TITAN

Fluent (FLNT) CSO Ryan Schulke buys 5,000 shares in open market

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Fluent, Inc. director and Chief Strategy Officer Ryan Schulke reported an open-market purchase of 5,000 shares of common stock at $2.07 per share on June 1, 2026. Following this purchase, he directly holds 3,497,995 shares.

In addition to his direct holdings, the filing lists indirect ownership through several entities. These include shares held by the Schulke Inn Family Foundation Trust, RSMC Partners, LLC, and two Grantor Retained Annuity Trusts for which Schulke is trustee or co-trustee, reflecting voting or dispositive authority over those positions.

Positive

  • None.

Negative

  • None.
Insider Schulke Ryan
Role Chief Strategy Officer
Bought 5,000 shs ($10K)
Type Security Shares Price Value
Purchase Common Stock 5,000 $2.07 $10K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 3,497,995 shares (Direct, null); Common Stock — 592,044 shares (Indirect, Held by The Schulke Inn Family Foundation Trust)
Footnotes (1)
  1. The Reporting Person is the co-trustee of the Schulke Inn Family Foundation Trust and in such capacity has the shared right to vote and dispose of the securities held by such trust. The Reporting Person is a Member of RSMC Partners, LLC. The Reporting Person is the Trustee of The Ryan Schulke 2020 Grantor Retained Annuity Trust. The Reporting Person is the Trustee of the 2022 Ryan Schulke Grantor Retained Annuity Trust.
Open-market purchase 5,000 shares Common Stock bought on June 1, 2026
Purchase price $2.07 per share Open-market purchase of 5,000 shares
Direct holdings after trade 3,497,995 shares Common Stock directly owned after June 1, 2026 transaction
Indirect holdings – Schulke Inn Family Foundation Trust 592,044 shares Common Stock held indirectly
Indirect holdings – RSMC Partners, LLC 333,334 shares Common Stock held indirectly
Indirect holdings – 2020 GRAT 20,208 shares Common Stock held by The Ryan Schulke 2020 Grantor Retained Annuity Trust
Indirect holdings – 2022 GRAT 149,690 shares Common Stock held by 2022 Ryan Schulke Grantor Retained Annuity Trust
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Grantor Retained Annuity Trust financial
"The Ryan Schulke 2020 Grantor Retained Annuity Trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Chief Strategy Officer financial
"officer_title": "Chief Strategy Officer""
A chief strategy officer (CSO) is the senior executive who crafts a company’s long-term plan and decides which markets, products, partnerships, or investments to prioritize—think of them as the company’s navigator plotting the course. Investors pay attention because the CSO shapes where the company will grow, what risks it will take, and how it will deploy resources; strong strategic direction can improve future revenue and value, while poor choices can weigh on returns.
indirect ownership financial
"ownership_type": "indirect""
co-trustee financial
"The Reporting Person is the co-trustee of the Schulke Inn Family Foundation Trust"
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SEC Form 4
FORM 4UNITED 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*
Schulke Ryan

(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)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Strategy Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026P5,000A$2.073,497,995D
Common Stock592,044IHeld by The Schulke Inn Family Foundation Trust(1)
Common Stock333,334IHeld by RSMC Partners, LLC(2)
Common Stock20,208IHeld by The Ryan Schulke 2020 Grantor Retained Annuity Trust(3)
Common Stock149,690IHeld by 2022 Ryan Schulke Grantor Retained Annuity Trust(4)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The Reporting Person is the co-trustee of the Schulke Inn Family Foundation Trust and in such capacity has the shared right to vote and dispose of the securities held by such trust.
2. The Reporting Person is a Member of RSMC Partners, LLC.
3. The Reporting Person is the Trustee of The Ryan Schulke 2020 Grantor Retained Annuity Trust.
4. The Reporting Person is the Trustee of the 2022 Ryan Schulke Grantor Retained Annuity Trust.
/s/ Ryan Schulke06/02/2026
** Signature of Reporting PersonDate
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)

FAQ

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

Fluent reported that Ryan Schulke executed an open-market purchase of 5,000 shares of common stock. The transaction occurred on June 1, 2026, and was priced at $2.07 per share, increasing his reported direct ownership stake in the company.

At what price did Ryan Schulke buy Fluent (FLNT) shares?

Ryan Schulke bought 5,000 Fluent shares at an average price of $2.07 per share. This was an open-market purchase, meaning the shares were acquired on the public market rather than through an option exercise or other non-market transaction.

How many Fluent (FLNT) shares does Ryan Schulke hold directly after this Form 4?

After the reported transaction, Ryan Schulke directly holds 3,497,995 shares of Fluent common stock. This figure reflects his direct ownership only and does not include additional indirect holdings reported through various trusts and an LLC associated with him.

Does the Form 4 show any Fluent (FLNT) share sales by Ryan Schulke?

The Form 4 does not report any share sales by Ryan Schulke. It shows one open-market purchase of 5,000 shares and several holding entries for indirect positions, without any transactions coded as sales or dispositions in this filing.

What is the overall buy versus sell activity in this Fluent (FLNT) Form 4?

The Form 4 shows one buy transaction totaling 5,000 shares and no sell transactions. Additional lines classify existing indirect positions as holdings, so the net reported activity for this filing is a net purchase of 5,000 Fluent common shares.