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Fluent, Inc.·4

Jun 16, 4:30 PM ET

GEYGAN JAMES 4

Research Summary

AI-generated summary

Updated

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.