Fluent Inc.

09/16/2026 | Press release | Distributed by Public on 09/16/2026 19:07

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GLOBAL VALUE INVESTMENT CORP.
2. Issuer Name and Ticker or Trading Symbol
Fluent, Inc. [FLNT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1433 N. WATER STREET, SUITE 400
3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026
(Street)
MILWAUKEE, WI 53202
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/14/2026 S(9) 600 D $4.15(1) 3,218,566 I By Global Value Investment Corporation(2)(3)(4)
Common Stock 08/17/2026 S(9) 500 D $4.05(1) 3,218,066 I By Global Value Investment Corporation(2)(3)(4)
Common Stock 08/25/2026 S(9) 2 D $4.15(1) 3,218,064 I By Global Value Investment Corporation(2)(3)(4)
Common Stock 08/28/2026 S(9) 665 D $3.58(1) 3,217,399 I By Global Value Investment Corporation(2)(3)(4)
Common Stock 09/01/2026 S(9) 148 D $3.23(1) 3,217,251 I By Global Value Investment Corporation(2)(3)(4)
Common Stock 09/14/2026 P 12,376 A $3.38(7) 3,229,627 I By Global Value Investment Corporation(2)(3)(4)
Common Stock 09/16/2026 J 135 D (8) 3,229,492 I By Global Value Investment Corporation(2)(3)(4)
Common Stock 9,385 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants $2.2 (5) (6) Common Stock 78,425 78,425 I By Global Value Investment Corporation(2)(3)(4)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GLOBAL VALUE INVESTMENT CORP.
1433 N. WATER STREET
SUITE 400
MILWAUKEE, WI 53202
X
GEYGAN JEFFREY RICHART
1433 N. WATER STREET
SUITE 400
MILWAUKEE, WI 53202
Director of GVIC
GEYGAN JAMES
300 VESEY SREET
9TH FLOOR
NEW YORK, NY 10282
X X
Wilke Stacy
1433 N. WATER STREET
SUITE 400
MILWAUKEE, WI 53202
Officer of GVIC
Geygan Kathleen
1433 N. WATER STREET
SUITE 400
MILWAUKEE, WI 53202
Director of GVIC
Rice Shawn G
1433 N. WATER STREET
SUITE 400
MILWAUKEE, WI 53202
Director of GVIC

Signatures

/s/ James P. Geygan, Chief Executive Officer 09/16/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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.
(2) 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.
(3) In addition to Global Value Investment Corp, a Delaware corporation ("GVIC"), 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 GVIC. GVIC beneficially owns the shares of common stock, par value $0.0005 per share ("Common Stock"), of Fluent, Inc. reported on this Form 4.
(4) In accordance with Instruction 4(b)(iv), the entire amount of Common Stock held by GVIC is reported herein. Common Stock reported as indirectly owned by GVIC includes shares owned by Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen M. Geygan, and Shawn G. Rice.
(5) The Warrants are exercisable following stockholder approval of the offering of the Warrants on June 17, 2026.
(6) The Warrants will expire three years from the date of issuance.
(7) The reported price represents a weighted average purchase price. The Reporting Person undertakes to provide to the staff, the issuer, or a security holder full information regarding the number of shares purchased at each separate price.
(8) As of September 16, 2026, certain separately managed accounts terminated their relationship with, and are no longer advised by, Global Value Investment Corporation. The positions held in such accounts are therefore no longer included herein.
(9) GVIC executed unsolicited trades in a client account, at the sole direction of the account owner, for the purpose of a partial account liquidation.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Fluent Inc. published this content on September 16, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on September 17, 2026 at 01:07 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]