Fluent, Inc. — Director's Dealing 2025

Nov 27, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fluent, Inc. (FLNT)
CIK: 0001460329
Period of Report: 2025-11-24

Reporting Person: GEYGAN JAMES (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-24	Common Stock	J	26250	—	Disposed	3019620	Indirect
2025-11-24	Common Stock	J	20625	$1.7379	Disposed	2998995	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	69647	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Pre-Funded Warrants	$0.0005		Common Stock (11366)	11366	Direct
Warrants	$2.20		Common Stock (11366)	11366	Direct
Pre-Funded Warrants	$0.0005		Common Stock (67059)	67059	Indirect
Warrants	$2.20		Common Stock (67059)	11366	Indirect

Footnotes

F1: As of November 24, 2025, certain separately managed accounts terminated their relationship with, and are no longer advised by, GVIC. The positions held in such accounts are therefore no longer included herein.

F2: 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"). The reporting person is the CEO and President of GVIC. These securities may be deemed to be beneficially owned by GVIC because it serves as the investment manager and/or investment advisor to separately managed accounts, investment partnerships, and/or individuals, and by the reporting person because he exercises significant managerial control over GVIC. 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.

F3: On November 24, 2025, GVIC executed a non-discretionary, unsolicited trade in a client account, at the sole direction of the account owner, for the purpose of tax management.

F4: 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.

F5: The Pre-Funded Warrants will be exercisable after stockholder approval of the offering of the Pre-Funded Warrants.

F6: The Pre-Funded Warrants will terminate when exercised in full.

F7: The Warrants will be exercisable after stockholder approval of the offering of the Warrants.

F8: The Warrants will expire three years from the date of issuance.