Fluent, Inc. — Director's Dealing 2018

May 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fluent, Inc. (FLNT)
CIK: 0001460329
Period of Report: 2018-05-11

Reporting Person: Conlin Matthew (Director, President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-11	Common Stock	P	5400	$2.483	Acquired	4443380	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50000	Direct
Common Stock	550000	Direct
Common Stock	2000000	Indirect
Common Stock	1077040	Indirect
Common Stock	20000	Indirect

Footnotes

F1: Represents the average purchase of the acquired shares. The highest price at which a purchase was made is $2.55; the lowest price at which a purchase was made is $2.40.

F2: On April 13, 2017, the Reporting Person received a grant of 50,000 RSUs, convertible into common stock of the Issuer on a one-for-one basis. The RSUs vest in three approximately equal installments on February 1, 2018, 2019 and 2020, subject to accelerated vesting under certain conditions.

F3: The Reporting Person has elected to defer delivery of any vested RSUs until the reporting person's separation of service from the Company or death or disability.

F4: On December 8, 2015, the Reporting Person received a grant, subject to stockholder approval, of 550,000 RSUs, convertible into common stock of the Issuer on a one-for-one basis. Stockholder approval was obtained on June 1, 2016. The RSUs are subject to vesting over a three-year period of 30% on January 1, 2017, 30% on January 1, 2018 and 40% on January 1, 2019 (the "Time Conditions") provided, however, that no tranche of RSUs will vest until it is determined that Cogint, Inc. has exceeded certain revenue targets and achieved positive EBITDA in any one fiscal year during the vesting period (the "Performance Conditions"). Cogint, Inc. determined the Performance Conditions were met effective March 14, 2017. Any subsequent tranches will vest in accordance with the Time Condition

F5: The RSUs will immediately vest upon (i) a Change of Control, or (ii) the reporting person's death or disability.

F6: Held by RSMC Partners, LLC of which the Reporting Person is a member.

F7: Held by GRAT in which reporting person is Sole Trustee

F8: Held by Conlin Family Foundation Trust in which the Reporting Person serves as co-trustee