Fluent, Inc. — Director's Dealing 2025

Dec 18, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fluent, Inc. (FLNT)
CIK: 0001460329
Period of Report: 2025-12-16

Reporting Person: GLOBAL VALUE INVESTMENT CORP. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-16	Common Stock	J	25400	$2.0820	Disposed	3022491	Indirect
2025-12-17	Common Stock	J	15170	$2.0447	Disposed	3007321	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9385	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Pre-Funded Warrants	$0.0005		Common Stock (78425)	78425	Indirect
Warrants	$2.20		Common Stock (78425)	78425	Indirect

Footnotes

F1: On December 16, 2025, and December 17, 2025, GVIC executed non-discretionary, unsolicited trades in a client account, at the sole direction of the account owner, for the purpose of tax management.

F2: The reported price represents a weighted average sale price. The Reporting Person undertakes to provide to the staff, the issuer, or a security holder full information regarding the number of shares sold at each separate price.

F3: In addition to Global Value Investment Corporation, a Delaware corporation, this Form 4 is being filed jointly by Jeffrey R. Geygan, a citizen of the United States of America, James P. Geygan, a citizen of the United States of America, Stacy A. Wilke, a citizen of the United States of America, Kathleen M. Geygan, a citizen of the United States of America, and Shawn G. Rice, a citizen of the United States of America, each of whom has the same business address as Global Value Investment Corporation. Global Value Investment Corporation beneficially owns the shares of common stock, par value $0.0005 per share ("Common Stock"), of Fluent, Inc. reported on this Form 4.

F4: In accordance with Instruction 4(b)(iv), the entire amount of Common Stock held by Global Value Investment Corporation is reported herein. Common Stock reported as indirectly owned by Global Value Investment Corporation includes shares owned by Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen M. Geygan, and Shawn G. Rice.

F5: These securities are held in one or more accounts managed indirectly by Global Value Investment Corporation or its subsidiary or its affiliated persons/entities (collectively, "GVIC"). GVIC may be deemed to have beneficial ownership of these securities because it serves as the investment manager and/or investment advisor to separately managed accounts, investment partnerships, and/or individuals. The reporting person disclaims beneficial ownership in the securities except to the extent of his pecuniary interest, if any, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F6: The Pre-Funded Warrants will be exercisable after stockholder approval of the offering of the Pre-Funded Warrants.

F7: The Pre-Funded Warrants will terminate when exercised in full.

F8: The Warrants will be exercisable after stockholder approval of the offering of the Warrants.

F9: The Warrants will expire three years from the date of issuance.