Fluent, Inc. — Director's Dealing 2025

May 21, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fluent, Inc. (FLNT)
CIK: 0001460329
Period of Report: 2025-05-19

Reporting Person: FROST PHILLIP MD ET AL (10% Owner)
Reporting Person: Frost Gamma Investments Trust (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-19	Common Stock	J	909297	$0.0005	Acquired	5747222	Indirect
2025-05-19	Common Stock	F	212	$2.13	Disposed	5747010	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-19	Pre-Funded Warrants	$0.0005	A	909297	Acquired		Common Stock (909297)	Indirect
2025-05-19	Warrants	$2.2000	A	909297	Acquired		Common Stock (909297)	Indirect
2025-05-19	Pre-Funded Warrants	$0.0005	D	909297	Acquired		Common Stock (909297)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8334	Direct

Footnotes

F1: These securities are held by Frost Gamma Investments Trust, of which Phillip Frost M.D., is the trustee. Frost Gamma L.P. is the sole and exclusive beneficiary of Frost Gamma Investments Trust. Dr. Frost is one of two limited partners of Frost Gamma L.P. The general partner of Frost Gamma L.P. is Frost Gamma, Inc., and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada Corporation. Dr. Frost is also the sole stockholder of Frost-Nevada Corporation. The reporting persons disclaim beneficial ownership of these securities, except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that any reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F2: The Pre-Funded Warrants expire when exercised in full.

F3: The Pre-Funded Warrants were immediately exercisable when issued and were exercised on May 19, 2025.

F4: The Warrants will expire three years from the date of issuance.