AI assistant
Fluent, Inc. — Director's Dealing 2021
Feb 4, 2021
34456_dirs_2021-02-03_3916cbdd-7547-4cff-b05e-1c10d32c825c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Fluent, Inc. (FLNT)
CIK: 0001460329
Period of Report: 2021-02-01
Reporting Person: Mandel Alexander (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-01 | Common Stock | F | 27290 | $5.73 | Disposed | 83516 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 25000 | Direct |
| Common Stock | 131250 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option | $4.7200 | 2029-02-01 | Common Stock (308000) | 308000 | Direct |
Footnotes
F1: Represents shares withheld to satisfy the Reporting Person's tax withholding obligation with respect to the vesting of 68,750 restricted stock units ("RSUs") previously granted to the Reporting Person on February 1, 2019.
F2: On February 1, 2019, the Reporting Person received a grant of 25,000 RSUs under the Issuer's 2018 Stock Incentive Plan. Subject to continuing service, the RSUs will vest on February 1, 2022.
F3: If the Reporting Person's employment is terminated by the Issuer without cause (as defined in the Reporting Person's Employment Agreement), if the term of the Reporting Person's employment expires after a notice of non-renewal is delivered by the Issuer or if the Reporting Person terminates his employment for good reason (as defined in the Reporting Person's Employment Agreement), any RSUs that were scheduled to vest within one year after the date of termination (if employment had continued) shall become immediately vested.
F4: On February 1, 2019, the Reporting Person received a grant of 131,250 RSUs under the Issuer's 2018 Stock Incentive Plan. Subject to continuing service, the RSUs will vest in three equal annual installments, beginning on February 1, 2022.
F5: 50% of the Stock Option Grants vested on February 1, 2020. Subject to continuing service, the remaining 50% of the Stock Option Grants will vest if the Issuer's stock price remains above $7.375 for 20 consecutive trading days.