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Fluent, Inc.·4

Jun 12, 4:20 PM ET

Patrick Donald Huntley 4

4 · Fluent, Inc. · Filed Jun 12, 2026

Research Summary

AI-generated summary of this filing

Updated

Fluent (FLNT) CEO Patrick Huntley Receives RSUs, Settles Phantom Units

What Happened

  • Patrick Donald Huntley, CEO of Fluent, Inc., received multiple equity awards and settled phantom stock units for cash. Key items: 111,000 restricted stock units (RSUs) were granted on Oct 9, 2025 and 107,000 RSUs were granted on Apr 3, 2026 (both grants show $0 price as typical for RSUs). On Apr 1, 2026, 37,000 phantom stock units (economic equivalents of shares) were settled for cash at $3.26 per unit, generating $120,620. Separately, 3,191 performance stock units from a 2022 award were issued and 1,353 of those shares were sold on Jun 10, 2025 at $1.81 per share to cover tax withholding (proceeds ~$2,454).

Key Details

  • Oct 9, 2025: Granted 111,000 RSUs (award price $0; vesting in 3 equal annual installments, first vesting Apr 1, 2026).
  • Apr 3, 2026: Granted 107,000 RSUs (award price $0; vesting in 3 equal annual installments, first vesting Apr 1, 2027).
  • Apr 1, 2026: 37,000 phantom stock units settled for cash at $3.26 each = $120,620 (footnote: phantom units are cash-settled equivalents of shares).
  • Jun 10, 2025: 3,191 PSUs issued from a 2022 award (performance results); 1,353 shares sold at $1.81 to cover tax withholding (proceeds ~$2,454).
  • Shares owned after these transactions: not specified in the filing.
  • Notable footnotes: F1 (PSUs from 2022 award, partial vesting), F2 (sale to cover taxes), F3–F7 (details on RSU and phantom unit grants and vesting/settlement mechanics).
  • These filings describe awards and routine tax-withholding sales; the phantom units were cash-settled rather than converted into stock.

Context

  • RSU and PSU grants are awards that vest over time and do not reflect an immediate cash purchase; they are compensation and typically subject to continued employment.
  • Phantom stock units are derivative-equivalents that pay cash based on share value at settlement; here 37,000 were cashed out on Apr 1, 2026.
  • The small open-market sale (1,353 shares) was for tax withholding, a common administrative action that does not necessarily signal CEO sentiment about the stock.

Insider Transaction Report

Form 4
Period: 2025-06-10
Fluent, Inc.FLNT
Patrick Donald Huntley
Chief Executive Officer
Transactions
  • Award

    Common Stock

    [F1]
    2025-06-10+3,191→ 315,360 total
  • Sale

    Common Stock

    [F2]
    2025-06-10$1.81/sh−1,353$2,454→ 314,007 total
  • Award

    Common Stock

    [F3]
    2025-10-09+111,000→ 425,007 total
  • Exercise/Conversion

    Common Stock

    [F4]
    2026-04-01+37,000→ 462,007 total
  • Disposition to Issuer

    Common Stock

    2026-04-01$3.26/sh−37,000$120,620→ 425,007 total
  • Award

    Common Stock

    [F5]
    2026-04-03+107,000→ 532,007 total
  • Award

    Phantom Stock Units

    [F6]
    2025-10-09+111,000→ 111,000 total
    → Common stock (111,000 underlying)
  • Exercise/Conversion

    Phantom Stock Units

    [F4]
    2026-04-01−37,000→ 74,000 total
    From: 2026-04-01Exp: 2026-04-01→ Common stock (37,000 underlying)
  • Award

    Phantom Stock Units

    [F7]
    2026-04-03+107,000→ 107,000 total
    → Common stock (107,000 underlying)
Footnotes (7)
  • [F1]On October 3, 2022, the Issuer approved an award of 25,528 performance stock units ("PSUs") to the Reporting Person under the Fluent, Inc. 2022 Omnibus Equity Incentive Plan, subject to the achievement of certain financial targets. Targets were measured over a three-year period resulting in the issuance of 3,191 PSUs, with the remainder of the PSUs being forfeited.
  • [F2]The shares were sold to cover tax withholding obligations.
  • [F3]On October 9, 2025, the Issuer granted the Reporting Person 111,000 restricted stock units ("RSUs") pursuant to the Issuer's 2025 Equity Participation Plan ("2025 EPP"). The RSUs vest in three equal annual installments with the first installment vesting on April 1, 2026, subject to continued employment.
  • [F4]Each phantom stock unit was the economic equivalent of one share of the Issuer's common stock. On April 1, 2026, 37,000 of the Reporting Person's phantom stock units were settled for cash.
  • [F5]On April 3, 2026, the Issuer granted the Reporting Person 107,000 RSUs pursuant to the Issuer's 2025 EPP. The RSUs vest in three equal annual installments with the first installment vesting on April 1, 2027, subject to continued employment.
  • [F6]The grant was made pursuant to the Issuer's 2025 EPP. Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock and vest in three equal annual installments with the first installment vesting on April 1, 2026. Each phantom stock unit will be settled in cash in an amount equal to the fair market value of the Issuer's common stock on the vesting date, subject to continued employment.
  • [F7]The grant was made pursuant to the Issuer's 2025 EPP. Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock and vest in three equal annual installments with the first installment vesting on April 1, 2027. Each phantom stock unit will be settled in cash in an amount equal to the fair market value of the Issuer's common stock on the vesting date, subject to continued employment.
Signature
/s/ Donald Patrick|2026-06-12

Documents

1 file
  • 4
    rdgdoc.xmlPrimary

    FORM 4