GEYGAN JAMES 4

What Happened

• James Geygan, a 10% owner of Fluent, Inc. (FLNT), was granted 30,096 restricted stock units (RSUs) on June 17, 2026. The award was reported on Form 4 and shows an acquisition at $0.00 (typical for RSU grants — no cash was paid by the reporting person).

Key Details

• Transaction date: June 17, 2026; Filing date: June 22, 2026 (appears late relative to the usual two-business-day Form 4 deadline).
• Grant: 30,096 RSUs; reported acquisition price: $0.00.
• Vesting: RSUs vest in three equal annual installments; first vesting date is June 17, 2027 (per footnote).
• Ownership reporting: These securities are held in accounts managed indirectly by Global Value Investment Corporation (GVIC), which is controlled by Mr. Geygan; GVIC’s control may cause these shares to be deemed beneficially owned by him (footnote).
• Shares owned after the grant: Not specified in the provided excerpt of the filing.

Context

• RSUs are equity awards that convert into shares upon vesting; they are not open-market purchases or immediate sales. Because this grant vests over time, it represents future potential share issuance rather than an immediate change in market float.
• As a reported 10% owner, Mr. Geygan’s holdings are tied to entities he controls (GVIC), so this filing reflects institutional/managerial ownership structure rather than a routine executive open-market trade.