Perfit Ryan MacNab 4/A
Research Summary
AI-generated summary
Fluent (FLNT) CFO Ryan MacNab Sells 3,662 Shares
What Happened
- Ryan MacNab, Chief Financial Officer of Fluent, sold 3,662 shares of common stock in an open‑market/private sale on September 9, 2025 at $2.05 per share, generating $7,507. The sale was reported as a disposition (code S) and, per the filing, was done to cover tax‑withholding obligations. This is a routine sale rather than a buy signal.
Key Details
- Transaction date and price: 2025-09-09 — 3,662 shares at $2.05/share, proceeds $7,507.
- Shares owned after transaction: 28,938 shares (corrected amount in this amended filing).
- Footnotes: F1 — sale made to cover tax withholding; F2 — prior Form 4 (filed Sep 15, 2025) misstated post‑sale ownership (reported 66,934) because it did not reflect the issuer’s 1‑for‑6 reverse stock split effective April 11, 2024. This amendment corrects the ownership figure.
- Filing timing: This is an amended Form 4 filed June 12, 2026 correcting the earlier filing; the original report (Sep 15, 2025) contained the ownership error. The amendment indicates a late correction of the reported ownership.
Context
- Sales to cover tax withholding are common and do not necessarily indicate a change in insider confidence. The dollar value here is modest ($7.5k). Retail investors should note the correction to the reported post‑sale holdings due to the reverse split adjustment when tracking insider ownership over time.