GLOBAL VALUE INVESTMENT CORP. - 15 May 2025 Form 4 Insider Report for Fluent, Inc. (FLNT)

Role
10%+ Owner
Signature
/s/ James P. Geygan, Chief Executive Officer
Issuer symbol
FLNT
Transactions as of
15 May 2025
Transactions value $
$172,496
Form type
4
Filing time
20 May 2025, 11:16:19 UTC
Previous filing
22 Jan 2025
Next filing
23 Jun 2025

Reporting Owners (6)

Name Relationship Address Signature Signature date CIK
GLOBAL VALUE INVESTMENT CORP. 10%+ Owner 1433 N. WATER STREET, SUITE 400, MILWAUKEE /s/ James P. Geygan, Chief Executive Officer 19 May 2025 0001569866
GEYGAN JEFFREY RICHART Director of GVIC 1433 N. WATER STREET, SUITE 400, MILWAUKEE /s/ James P. Geygan, Chief Executive Officer 19 May 2025 0001733547
GEYGAN JAMES Director, 10%+ Owner 300 VESEY SREET, 9TH FLOOR, NEW YORK /s/ James P. Geygan, Chief Executive Officer 19 May 2025 0001734726
Wilke Stacy Officer of GVIC 1433 N. WATER STREET, SUITE 400, MILWAUKEE /s/ James P. Geygan, Chief Executive Officer 19 May 2025 0001865363
Geygan Kathleen Director of GVIC 1433 N. WATER STREET, SUITE 400, MILWAUKEE /s/ James P. Geygan, Chief Executive Officer 19 May 2025 0001865425
Rice Shawn G Director of GVIC 1433 N. WATER STREET, SUITE 400, MILWAUKEE /s/ James P. Geygan, Chief Executive Officer 19 May 2025 0002007274

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLNT Common Stock Other -8.1K -0.26% 3.06M 19 May 2025 By Global Value Investment Corporation F1, F2, F3
holding FLNT Common Stock 9.39K 15 May 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FLNT Pre-Funded Warrants Award $172K +78.4K $2.20 78.4K 15 May 2025 Common Stock 78.4K $0.00 By Global Value Investment Corporation F4, F5, F6
transaction FLNT Warrants Award $0 +78.4K $0.00 78.4K 15 May 2025 Common Stock 78.4K $2.20 By Global Value Investment Corporation F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As of May 19, 2025, certain separately managed accounts terminated their relationship with, and are no longer advised by, Global Value Investment Corporation. The positions held in such accounts are therefore no longer included herein.
F2 In addition to Global Value Investment Corporation, a Delaware corporation, this Form 4 is being filed jointly by Jeffrey R. Geygan, a citizen of the United States of America, James P. Geygan, a citizen of the United States of America, Stacy A. Wilke, a citizen of the United States of America, Kathleen M. Geygan, a citizen of the United States of America, and Shawn G. Rice, a citizen of the United States of America, each of whom has the same business address as Global Value Investment Corporation. Global Value Investment Corporation beneficially owns the shares of common stock, par value $0.0005 per share ("Common Stock"), of Fluent, Inc. reported on this Form 4.
F3 In accordance with Instruction 4(b)(iv), the entire amount of Common Stock held by Global Value Investment Corporation is reported herein. Common Stock reported as indirectly owned by Global Value Investment Corporation includes shares owned by Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen M. Geygan, and Shawn G. Rice.
F4 The Pre-Funded Warrants will be exercisable after stockholder approval of the offering of the Pre-Funded Warrants.
F5 The Pre-Funded Warrants will terminate when exercised in full.
F6 These securities are held in one or more accounts managed indirectly by Global Value Investment Corporation or its subsidiary or its affiliated persons/entities (collectively, "GVIC"). GVIC may be deemed to have beneficial ownership of these securities because it serves as the investment manager and/or investment advisor to separately managed accounts, investment partnerships, and/or individuals. The reporting person disclaims beneficial ownership in the securities except to the extent of his pecuniary interest, if any, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F7 The Warrants will be exercisable after stockholder approval of the offering of the Warrants.
F8 The Warrants will expire three years from the date of issuance.