Conlin Matthew 4

4 · Fluent, Inc. · Filed Jun 25, 2026

AI-generated summary of this filing

Updated Jun 25, 2026

Fluent (FLNT) 10% Owner Matthew Conlin Exercises Pre-Funded Warrants

What Happened

Matthew Conlin, reported as a 10% owner of Fluent, exercised pre-funded warrants to acquire a total of 597,505 common shares (85,714 on 6/23; 454,648 and 57,143 on 6/25). The filing shows nominal cash payments totaling about $299 (reported as $43, $227 and $29) and corresponding dispositions of the pre-funded warrants (derivative termination).
These are acquisitions via exercise of derivatives (code M). Small, separate zero-cost dispositions (code J) of 90 shares in total are also reported; these appear administrative and have no meaningful cash value. The net effect was conversion of pre-funded warrants into common stock.

Key Details

Transaction dates and prices: June 23, 2026 (85,714 shares; $0 reported; $43 cash equivalent); June 25, 2026 (454,648 shares; $0; $227) and (57,143 shares; $0; $29).
Total shares acquired: 597,505 common shares via exercise of pre-funded warrants.
Cash reported: approximately $299 total (nominal; reflects cashless exercise reporting).
Shares owned after transaction: not specified in the filing.
Notable footnotes: F1 = cashless exercise; F5–F7 = warrants became exercisable after June 17, 2026 shareholder approval and terminated when exercised; F2/F3 = Conlin’s voting/disposition rights relate to family trust and RSMC Partners roles; F4 = Conlin disclaims beneficial ownership for certain securities.
Filing timeliness: Filed June 25, 2026 for transactions on June 23 and June 25 — filing appears timely.

Context

These reports reflect exercises of pre-funded warrants (derivative conversion) rather than open-market purchases or sales. Footnote F1 states the exercises were cashless, which often means some portion of the exercised warrants were net-settled for shares rather than paid in cash.
As a reported 10% owner (not presented as an employee/executive in this filing), this activity reflects changes in holdings tied to derivative instruments and trust/partner relationships noted in the footnotes, not necessarily an executive trading signal.

Form 4

Period: 2026-06-23

DirectorChief Customer Officer10% Owner

Transactions

Exercise/Conversion
Common Stock
2026-06-23$0.00/sh+85,714$43→ 2,554,391 total
Other
Common Stock
[F1]
2026-06-23$0.00/sh−12$0→ 2,554,379 total
Exercise/Conversion
Common Stock
2026-06-25$0.00/sh+454,648$227→ 3,009,027 total
Other
Common Stock
[F1]
2026-06-25$0.00/sh−70$0→ 3,008,957 total
Exercise/Conversion
Common Stock
[F2]
2026-06-25$0.00/sh+57,143$29→ 498,474 total(indirect: By Trust)
Other
Common Stock
[F1][F2]
2026-06-25$0.00/sh−8$0→ 498,466 total(indirect: By Trust)
Exercise/Conversion
Pre-Funded Warrant
[F5][F6]
2026-06-23−85,714→ 0 total
Exercise: $0.00From: 2026-06-17→ Common Stock (85,714 underlying)
Exercise/Conversion
Pre-Funded Warrant
[F5][F7]
2026-06-25−454,648→ 0 total
Exercise: $0.00From: 2026-06-17→ Common Stock (454,648 underlying)
Exercise/Conversion
Pre-Funded Warrant
[F5][F7]
2026-06-25−57,143→ 0 total
Exercise: $0.00From: 2026-06-17→ Common Stock (57,143 underlying)

Holdings

Footnotes (7)

[F1]The Reporting Person exercised the pre-funded warrants on a cashless basis.
[F2]The Reporting Person is the Co-Trustee of the Conlin Family Trust and in such capacity has the shared right to vote and dispose of the securities held by such trust.
[F3]The Reporting Person is a Member of RSMC Partners, LLC.
[F4]The Reporting Person disclaims ownership of these securities and this report shall not be deemed an admission that the Reporting Person owns such securities for purposes of Section 16 or for other purposes.
[F5]The pre-funded warrants became immediately exercisable after stockholder approval of the offering of the Issuer's pre-funded warrants, which approval was obtained on June 17, 2026.
[F6]The pre-funded warrants terminated when exercised in full. The pre-funded warrants were exercised on June 23, 2026.
[F7]The pre-funded warrants terminated when exercised in full. The pre-funded warrants were exercised on June 23, 2026.

Signature

/s/ Matthew Conlin|2026-06-25

1 file