Key facts
- This page summarizes Donald Huntley Patrick's Form 4 filing for Fluent, Inc. (FLNT).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 21 Aug 2024, 12:01.
Donald Huntley Patrick - 19 Aug 2024 Form 4 Insider Report for Fluent, Inc. (FLNT)
- Reporting relationship
- Chief Executive Officer
- Issuer ticker
- FLNT
- Reported as of
- 19 Aug 2024
- Net transaction value
- +$50,000
- SEC form
- 4
- Accepted by SEC
- 21 Aug 2024, 12:01:06 UTC
- Prior SEC filing
- 17 Jul 2024
- Next SEC filing
- 16 Dec 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Donald Patrick
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Donald Huntley Patrick filed Form 4 for Fluent, Inc. (FLNT) on 21 Aug 2024.
Change
- Previous filing in this sequence was filed on 17 Jul 2024.
- Current net transaction value: +$50,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FLNT
transaction
Derivative
Convertible Subordinated Promissory Note
Award
- Transaction value
- $50,000
- Shares
- Change %
- Price
- Shares after
- $50,000
- Date
- 19 Aug 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
The Convertible Subordinated Promissory Note (the "Note") accrues interest at 13% per annum and is convertible into shares of the Issuer's common stock at the Conversion Price. "Conversion Price" means an amount equal to the lesser of (i) $3.01, subject to adjustment pursuant to the terms of the Note and (ii) the greater of (A) the consolidated closing bid price of the Issuer's common stock as reported on The Nasdaq Capital Market or such other principal market or exchange on which the common stock is then traded (the "Principal Market") on the applicable conversion date or, if such date is not a Trading Day, then on the Trading Date that is immediately prior to the applicable conversion date and (B) $1.00, subject to adjustment pursuant to the terms of the Note; provided, however, that the applicable Conversion Price shall in no event be lower than the price established by clause (ii) (continued)
Footnote F2
above unless and until the Issuer obtains stockholder approval of the transactions contemplated by the Note, including the conversion features and pricing thereof, in accordance with the applicable rules of the Principal Market (or any other applicable national securities exchange) (the "Stockholder Approval"). Notwithstanding the foregoing, the Note is subject to additional limits on conversion until the Stockholder Approval is obtained, including an aggregate limit on the number of shares that may be issued upon conversion of all notes issued to investors on August 19, 2024, including the Note (collectively, the "August Notes"), to 19.99% of the Issuer's outstanding shares of common stock and provisions to prevent a change of control as defined in the rules of the Nasdaq Stock Market. (continued)
Footnote F3
The Issuer has agreed to use its reasonable efforts to secure the Stockholder Approval, including providing a recommendation FOR approval by the Issuer's board of directors. Holders of the August Notes will be permitted to vote on the Stockholder Approval, but may not vote any shares obtained from conversion of the August Notes prior to such vote. "Trading Day" means any day during which the Principal Market is open for trading.