Fluent, Inc. — Director's Dealing 2023

May 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fluent, Inc. (FLNT)
CIK: 0001460329
Period of Report: 2022-08-25

Reporting Person: Conlin Matthew (Director, Chief Customer Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-25	Common Stock	J	88357	—	Disposed	17768	Indirect
2022-08-25	Common Stock	J	88357	—	Acquired	6217573	Direct
2022-08-25	Common Stock	J	463877	—	Disposed	93282	Indirect
2022-08-25	Common Stock	J	463877	—	Acquired	6681450	Direct
2022-11-18	Common Stock	J	429000	—	Disposed	6252450	Direct
2022-11-18	Common Stock	J	429000	—	Acquired	429000	Indirect
2023-01-24	Common Stock	J	93282	—	Disposed	0	Indirect
2023-01-24	Common Stock	J	93282	—	Acquired	343282	Indirect
2023-03-09	Common Stock	G	17768	—	Disposed	0	Indirect
2023-03-09	Common Stock	G	17768	—	Acquired	361050	Indirect
2023-05-19	Common Stock	P	40000	$0.6792	Acquired	147570	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000000	Indirect

Footnotes

F1: Transfer of annuity shares from the Matthew Conlin 2020 Grantor Retained Annity Trust A ("GRAT A") to the Reporting Person.

F2: The Reporting Person is the Trustee of of the GRAT A and in such capacity has the the right to vote and dispose of securities held by such trust.

F3: Transfer of annuity shares from the Matthew Conlin 2020 Grantor Retained Annity Trust B ("GRAT B") to the Reporting Person.

F4: The Reporting Person is the Trustee of the GRAT B and in such capacity has the right to vote and dispose of the securities held by such trust.

F5: The Reporting Person transferred shares to the Matthew Conlin 2022 Grantor Retained Annuity Trust ("2022 GRAT"),

F6: The Reporting Person is the Trustee of the 2022 GRAT and in such capacity has the right to vote and dispose of the securities held by such trust.

F7: Transfer of shares from GRAT B to the 2017 Conlin Shakira Family Trust.

F8: The Reporting Person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F9: Gift from GRAT A to the 2017 Conlin Shakira Family Trust

F10: This purchase price reflects a weighted average of multiple prices ranging from $0.6501 to $0.680. Full information regarding the number of shares purchased at each price will be provided to the Securities and Exchange Commission staff, the Issuer or any security holder of the Issuer upon request.

F11: The Reporting Person is the Co-Trustee of the Conlin Family Foundation Trust and in such capacity has the shared right to vote and dispose of the securities held by such trust.

F12: The Reporting Person is a Member of RSMC Partners, LLC.