Ryan Perfit - Sep 9, 2024 Form 4 Insider Report for Fluent, Inc. (FLNT)

Role: Interim CFO
Signature: /s/ Ryan Perfit
Stock symbol: FLNT
Transactions as of: Sep 9, 2024
Transactions value $: $0
Form type: 4
Date filed: 9/11/2024, 05:36 PM
Previous filing: Aug 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLNT	Common Stock	Award	$0	+25K	+54.83%	$0.00	70.6K	Sep 9, 2024	Direct	F1

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	Option	Award	$0	+120K		$0.00	120K	Sep 9, 2024	Common Stock	120K	$2.75	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units were issued pursuant to the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan") and vest in three equal annual installments with the first tranche vesting on September 1, 2025.
F2	The options ("Options") were issued pursuant to the Plan and vest as follows: (i) one-half of the Options vest when the average closing price of the Issuer's common stock is equal to three times the exercise price of the Option for a period of ten consecutive trading days and (ii) the balance, or one-half of the Options vest when the average closing price of the Issuer's common stock is equal to five times the exercise price of the Option for a period of ten consecutive trading days.

Content

The restricted stock units were issued pursuant to the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan") and vest in three equal annual installments with the first tranche vesting on September 1, 2025.

The options ("Options") were issued pursuant to the Plan and vest as follows: (i) one-half of the Options vest when the average closing price of the Issuer's common stock is equal to three times the exercise price of the Option for a period of ten consecutive trading days and (ii) the balance, or one-half of the Options vest when the average closing price of the Issuer's common stock is equal to five times the exercise price of the Option for a period of ten consecutive trading days.