GEYGAN JAMES 4
4 · Fluent, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Fluent (FLNT) 10% Owner James Geygan Buys Stock
What Happened
James Geygan, reported as a 10% owner of Fluent, purchased a total of 61,368 shares on June 12, 2026 (60,183 shares at $2.75 and 1,185 shares at $2.78) for approximately $168,903 in aggregate. On June 16, 2026, a separate "other disposition" (code J) shows 40,390 shares removed at $0.00 — this reflects a transfer or reclassification, not a cash sale, per the filing footnotes.
Key Details
- Transaction dates and prices:
- 2026-06-12: Open-market/private purchases — 60,183 shares @ $2.75 = $165,606 (weighted avg noted)
- 2026-06-12: Open-market/private purchase — 1,185 shares @ $2.78 = $3,297
- 2026-06-16: Other disposition (J) — 40,390 shares @ $0.00 (no cash proceeds reported)
- Net change shown by these entries: +61,368 acquired and 40,390 removed (net +20,978 shares).
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Footnotes of note:
- F1: purchase price reported as weighted average; reporting person can provide per-price details on request.
- F2: securities are held in accounts managed indirectly by Global Value Investment Corporation (GVIC), which Geygan controls — beneficial ownership is reported because of that control.
- F3: certain separately managed accounts terminated their relationship with GVIC; positions in those accounts are no longer included (likely related to the June 16 J disposition).
- F4–F7: additional notes about pre-funded warrants and warrants (exercisability tied to stockholder approval and multi-year expiry terms) referenced in the filing.
- Filing timeliness: Form was filed on 2026-06-16 for trades dated 2026-06-12; this appears to be after the typical 2-business-day Form 4 deadline for the June 12 purchases.
Context
- The June 12 activity were purchases (a more informative signal for investors than routine sales). The June 16 J-coded removal appears to be an administrative transfer or reclassification tied to account changes at GVIC (per F3), not a market sale for cash.
- As a 10% owner whose holdings are reported via accounts managed by an investment firm he controls, these entries reflect institutional-level account movements rather than an executive’s direct personal trading.
Insider Transaction Report
Form 4
Fluent, Inc.FLNT
GEYGAN JAMES
Director10% Owner
Transactions
- Purchase
Common Stock
[F1][F2]2026-06-12$2.75/sh+60,183$165,606→ 3,100,838 total(indirect: By Global Value Investment Corporation) - Purchase
Common Stock
[F1]2026-06-12$2.78/sh+1,185$3,297→ 59,591 total - Other
Common Stock
[F3][F2]2026-06-16−40,390→ 3,060,448 total(indirect: By Global Value Investment Corporation)
Holdings
- 11,366
Pre-Funded Warrants
[F4][F5]Exercise: $0.00→ Common Stock (11,366 underlying) - 11,366
Warrants
[F6][F7]Exercise: $2.20→ Common Stock (11,366 underlying) - 67,059(indirect: By Global Value Investment Corporation)
Pre-Funded Warrants
[F4][F5][F2]Exercise: $0.00→ Common Stock (67,059 underlying) - 67,059(indirect: By Global Value Investment Corporation)
Warrants
[F6][F7][F2]Exercise: $2.20→ Common Stock (67,059 underlying)
Footnotes (7)
- [F1]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.
- [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]As of June 16, 2026, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC. The positions held in such accounts are therefore no longer included herein.
- [F4]The Pre-Funded Warrants will be exercisable after stockholder approval of the offering of the Pre-Funded Warrants.
- [F5]The Pre-Funded Warrants will terminate when exercised in full.
- [F6]The Warrants will be exercisable after stockholder approval of the offering of the Warrants.
- [F7]The Warrants will expire three years from the date of issuance.
Signature
James P. Geygan|2026-06-16