Fluent, Inc. — Director's Dealing 2018

Jun 12, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fluent, Inc. (FLNT)
CIK: 0001460329
Period of Report: 2018-06-08

Reporting Person: Schulke Ryan (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-08	Common Stock	P	500000	$2.80	Acquired	6901537	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	480000	Direct
Common Stock	80000	Direct
Common Stock	2000000	Indirect
Common Stock	50000	Direct
Common Stock	550000	Direct

Footnotes

F1: In a privately negotiated transaction, the Reporting Person exchanged 191,000 shares of Red Violet, Inc. beneficially held by the Reporting Person for 500,000 acquired Fluent, Inc. shares. For purposes of this exchange, the assumed price of the Fluent shares was $2.80 per share and the assumed price of the RDVT shares was $7.33 per share.

F2: On March 27, 2018, the Reporting Person received a grant of 480,000 deferred stock units under the Issuer's Stock Incentive Plan, which vest immediately but with delivery of the underlying shares in three annual installments commencing on March 27, 2019, which delivery may be ended if the Reporting Person is terminated for cause

F3: On March 20, 2018, the Reporting Person received a grant of 80,000 restricted stock units ("RSUs") under the Issuer's 2015 Stock Incentive Plan. The RSUs will vest in three equal annual installments, beginning on March 1, 2019.

F4: 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

F5: 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.

F6: 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 Conditions.

F7: The RSUs will immediately vest upon (i) a Change of Control, or (ii) the Reporting Person's death or disability.