[Form 4] Fluent, Inc. Insider Trading Activity
Ryan Schulke, Chief Strategy Officer and Director of Fluent, Inc. (FLNT), reported acquiring pre-funded warrants and warrants tied to 428,571 shares each on 08/19/2025. The pre-funded warrants have a stated price of $0.0005 and represent the right to purchase 428,571 shares of common stock once stockholder approval of the offering is obtained; they terminate when fully exercised. The warrants carry an exercise price of $2.21, cover 428,571 underlying shares and are exercisable only after stockholder approval; they expire on 02/20/2031. The reported holdings after the transactions are 428,571 shares for each instrument, held directly. Schulke is identified as a director, a 10% owner and an officer (Chief Strategy Officer).
Ryan Schulke, Chief Strategy Officer e membro del consiglio di amministrazione di Fluent, Inc. (FLNT), ha dichiarato di aver acquisito il 19/08/2025 pre-funded warrants e warrants collegati a 428.571 azioni ciascuno. I pre-funded warrants hanno un prezzo nominale di $0,0005 e rappresentano il diritto di acquistare 428.571 azioni ordinarie non appena sar脿 ottenuta l鈥檃pprovazione degli azionisti per l鈥檕fferta; si estinguono al completo esercizio. I warrants hanno un prezzo di esercizio di $2,21, coprono 428.571 azioni sottostanti e sono esercitabili solo dopo l鈥檃pprovazione degli azionisti; scadono il 20/02/2031. Le partecipazioni dichiarate dopo le operazioni sono 428.571 azioni per ciascuno strumento, detenute direttamente. Schulke 猫 identificato come amministratore, titolare di oltre il 10% e dirigente (Chief Strategy Officer).
Ryan Schulke, Chief Strategy Officer y miembro del consejo de Fluent, Inc. (FLNT), inform贸 la adquisici贸n el 19/08/2025 de pre-funded warrants y warrants vinculados a 428.571 acciones cada uno. Los pre-funded warrants tienen un precio nominal de $0,0005 y representan el derecho a comprar 428.571 acciones ordinarias una vez que se obtenga la aprobaci贸n de los accionistas para la oferta; se cancelan al ejercerse completamente. Los warrants tienen un precio de ejercicio de $2,21, cubren 428.571 acciones subyacentes y solo pueden ejercerse tras la aprobaci贸n de los accionistas; vencen el 20/02/2031. Las tenencias declaradas tras las transacciones son 428.571 acciones por cada instrumento, pose铆das directamente. Schulke figura como director, propietario del 10% y oficial (Chief Strategy Officer).
Fluent, Inc. (FLNT)鞚� 斓滉碃鞝勲灥毂呾瀯鞛� 瓴� 鞚挫偓鞚� Ryan Schulke電� 2025雲� 8鞗� 19鞚检棎 臧侁皝 428,571欤检檧 鞐瓣硠霅� 頂勲Μ韼�霐旊摐 鞗岆煱韸胳檧 鞗岆煱韸鸽ゼ 旆摑頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 頂勲Μ韼�霐旊摐 鞗岆煱韸�鞚� 氇呾嫓 臧�瓴╈潃 $0.0005鞚措┌, 欤检＜ 鞀轨澑鞚� 頇曤炒霅橂┐ 氤错喌欤� 428,571欤茧ゼ 毵れ垬頃� 靾� 鞛堧姅 甓岆Μ毳� 雮橅儉雮措┌ 鞝勲秬 頄夓偓霅橂┐ 靻岆└頃╇媹雼�. 鞗岆煱韸�鞚� 頄夓偓臧�瓴╈潃 $2.21鞚搓碃, 428,571欤检潣 旮办磮 欤检嫕鞚� 雽�靸侅溂搿� 頃橂┌ 欤检＜ 鞀轨澑 頉勳棎毵� 頄夓偓頃� 靾� 鞛堦碃 2031-02-20鞐� 毵岆霅╇媹雼�. 瓯半灅 頉� 氤搓碃霅� 氤挫湢電� 臧� 歃濌秾氤勲 428,571欤检澊氅� 歆侅为 氤挫湢 欷戩瀰雼堧嫟. Schulke電� 鞚挫偓鞚挫瀽 10% 氤挫湢鞛� 氚� 鞛勳洂(Chief Strategy Officer)鞙茧 鞁濍硠霅╇媹雼�.
Ryan Schulke, Chief Strategy Officer et administrateur de Fluent, Inc. (FLNT), a d茅clar茅 avoir acquis le 19/08/2025 des pre-funded warrants et des warrants li茅s 脿 428 571 actions chacun. Les pre-funded warrants ont un prix indiqu茅 de 0,0005 $ et repr茅sentent le droit d鈥檃cheter 428 571 actions ordinaires d猫s que l鈥檃pprobation des actionnaires pour l鈥檕ffre sera obtenue ; ils prennent fin une fois enti猫rement exerc茅s. Les warrants ont un prix d鈥檈xercice de 2,21 $, couvrent 428 571 actions sous-jacentes et ne sont exer莽ables qu鈥檃pr猫s approbation des actionnaires ; ils expirent le 20/02/2031. Les avoirs d茅clar茅s apr猫s les transactions sont de 428 571 actions pour chaque instrument, d茅tenues directement. Schulke est identifi茅 comme administrateur, d茅tenteur de 10 % et dirigeant (Chief Strategy Officer).
Ryan Schulke, Chief Strategy Officer und Direktor von Fluent, Inc. (FLNT), meldete am 19.08.2025 den Erwerb von pre-funded Warrants und Warrants, jeweils verbunden mit 428.571 Aktien. Die pre-funded Warrants haben einen angegebenen Preis von $0,0005 und gew盲hren das Recht, 428.571 Stammaktien zu erwerben, sobald die Aktion盲rszustimmung f眉r das Angebot vorliegt; sie verfallen bei vollst盲ndiger Aus眉bung. Die Warrants haben einen Aus眉bungspreis von $2,21, beziehen sich auf 428.571 zugrunde liegende Aktien und sind erst nach der Zustimmung der Aktion盲re aus眉bbar; sie laufen am 20.02.2031 aus. Die nach den Transaktionen gemeldeten Best盲nde betragen jeweils 428.571 Aktien, die direkt gehalten werden. Schulke ist als Direktor, 10%-Eigent眉mer und leitender Angestellter (Chief Strategy Officer) ausgewiesen.
- Significant insider purchase: Reporting person acquired instruments covering 428,571 shares each, indicating direct insider participation.
- Alignment with shareholders: The Chief Strategy Officer and director increasing direct holdings can align management incentives with shareholders.
- Long exercise window for warrants: Warrants expire on 02/20/2031, providing flexibility for future strategic timing of exercise.
- Conditional exercisability: Both the pre-funded warrants and warrants require stockholder approval before becoming exercisable, delaying conversion to common shares.
- Potential future dilution: If exercised, these instruments would increase share count by 428,571 shares per instrument, diluting existing holders.
Insights
TL;DR: Insider acquisitions of pre-funded warrants and warrants for 428,571 shares each signal a material, affirmative stake by a senior executive.
The report shows a significant direct acquisition by a senior executive and board member using two instruments: pre-funded warrants at a nominal price and traditional warrants at a $2.21 strike. Both instruments require stockholder approval before exercisability, which delays immediate conversion into voting common stock. For investors, insider purchases often reflect management confidence, but the ultimate dilution, timing and economic impact depend on whether and when stockholders approve the offerings and whether the warrants are exercised before expiration in 2031.
TL;DR: Transaction is governance-relevant because it increases direct insider stake but depends on stockholder approvals to become common shares.
As a director and 10% owner, Schulke's reported acquisition increases his direct economic interest and aligns officer and shareholder incentives. The requirement for stockholder approval to render the instruments exercisable is notable: it preserves current capitalization until approval and could require disclosure at a future meeting. The expiration date for warrants (02/20/2031) gives a long window for potential conversion, which may affect future vote-weight and dilution calculations.
Ryan Schulke, Chief Strategy Officer e membro del consiglio di amministrazione di Fluent, Inc. (FLNT), ha dichiarato di aver acquisito il 19/08/2025 pre-funded warrants e warrants collegati a 428.571 azioni ciascuno. I pre-funded warrants hanno un prezzo nominale di $0,0005 e rappresentano il diritto di acquistare 428.571 azioni ordinarie non appena sar脿 ottenuta l鈥檃pprovazione degli azionisti per l鈥檕fferta; si estinguono al completo esercizio. I warrants hanno un prezzo di esercizio di $2,21, coprono 428.571 azioni sottostanti e sono esercitabili solo dopo l鈥檃pprovazione degli azionisti; scadono il 20/02/2031. Le partecipazioni dichiarate dopo le operazioni sono 428.571 azioni per ciascuno strumento, detenute direttamente. Schulke 猫 identificato come amministratore, titolare di oltre il 10% e dirigente (Chief Strategy Officer).
Ryan Schulke, Chief Strategy Officer y miembro del consejo de Fluent, Inc. (FLNT), inform贸 la adquisici贸n el 19/08/2025 de pre-funded warrants y warrants vinculados a 428.571 acciones cada uno. Los pre-funded warrants tienen un precio nominal de $0,0005 y representan el derecho a comprar 428.571 acciones ordinarias una vez que se obtenga la aprobaci贸n de los accionistas para la oferta; se cancelan al ejercerse completamente. Los warrants tienen un precio de ejercicio de $2,21, cubren 428.571 acciones subyacentes y solo pueden ejercerse tras la aprobaci贸n de los accionistas; vencen el 20/02/2031. Las tenencias declaradas tras las transacciones son 428.571 acciones por cada instrumento, pose铆das directamente. Schulke figura como director, propietario del 10% y oficial (Chief Strategy Officer).
Fluent, Inc. (FLNT)鞚� 斓滉碃鞝勲灥毂呾瀯鞛� 瓴� 鞚挫偓鞚� Ryan Schulke電� 2025雲� 8鞗� 19鞚检棎 臧侁皝 428,571欤检檧 鞐瓣硠霅� 頂勲Μ韼�霐旊摐 鞗岆煱韸胳檧 鞗岆煱韸鸽ゼ 旆摑頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 頂勲Μ韼�霐旊摐 鞗岆煱韸�鞚� 氇呾嫓 臧�瓴╈潃 $0.0005鞚措┌, 欤检＜ 鞀轨澑鞚� 頇曤炒霅橂┐ 氤错喌欤� 428,571欤茧ゼ 毵れ垬頃� 靾� 鞛堧姅 甓岆Μ毳� 雮橅儉雮措┌ 鞝勲秬 頄夓偓霅橂┐ 靻岆└頃╇媹雼�. 鞗岆煱韸�鞚� 頄夓偓臧�瓴╈潃 $2.21鞚搓碃, 428,571欤检潣 旮办磮 欤检嫕鞚� 雽�靸侅溂搿� 頃橂┌ 欤检＜ 鞀轨澑 頉勳棎毵� 頄夓偓頃� 靾� 鞛堦碃 2031-02-20鞐� 毵岆霅╇媹雼�. 瓯半灅 頉� 氤搓碃霅� 氤挫湢電� 臧� 歃濌秾氤勲 428,571欤检澊氅� 歆侅为 氤挫湢 欷戩瀰雼堧嫟. Schulke電� 鞚挫偓鞚挫瀽 10% 氤挫湢鞛� 氚� 鞛勳洂(Chief Strategy Officer)鞙茧 鞁濍硠霅╇媹雼�.
Ryan Schulke, Chief Strategy Officer et administrateur de Fluent, Inc. (FLNT), a d茅clar茅 avoir acquis le 19/08/2025 des pre-funded warrants et des warrants li茅s 脿 428 571 actions chacun. Les pre-funded warrants ont un prix indiqu茅 de 0,0005 $ et repr茅sentent le droit d鈥檃cheter 428 571 actions ordinaires d猫s que l鈥檃pprobation des actionnaires pour l鈥檕ffre sera obtenue ; ils prennent fin une fois enti猫rement exerc茅s. Les warrants ont un prix d鈥檈xercice de 2,21 $, couvrent 428 571 actions sous-jacentes et ne sont exer莽ables qu鈥檃pr猫s approbation des actionnaires ; ils expirent le 20/02/2031. Les avoirs d茅clar茅s apr猫s les transactions sont de 428 571 actions pour chaque instrument, d茅tenues directement. Schulke est identifi茅 comme administrateur, d茅tenteur de 10 % et dirigeant (Chief Strategy Officer).
Ryan Schulke, Chief Strategy Officer und Direktor von Fluent, Inc. (FLNT), meldete am 19.08.2025 den Erwerb von pre-funded Warrants und Warrants, jeweils verbunden mit 428.571 Aktien. Die pre-funded Warrants haben einen angegebenen Preis von $0,0005 und gew盲hren das Recht, 428.571 Stammaktien zu erwerben, sobald die Aktion盲rszustimmung f眉r das Angebot vorliegt; sie verfallen bei vollst盲ndiger Aus眉bung. Die Warrants haben einen Aus眉bungspreis von $2,21, beziehen sich auf 428.571 zugrunde liegende Aktien und sind erst nach der Zustimmung der Aktion盲re aus眉bbar; sie laufen am 20.02.2031 aus. Die nach den Transaktionen gemeldeten Best盲nde betragen jeweils 428.571 Aktien, die direkt gehalten werden. Schulke ist als Direktor, 10%-Eigent眉mer und leitender Angestellter (Chief Strategy Officer) ausgewiesen.
FAQ
What did Fluent, Inc. (FLNT) insider Ryan Schulke acquire?
Are the acquired warrants immediately exercisable into FLNT common stock?
How many shares of common stock are underlying the reported instruments?
What is the exercise price of the reported warrants for FLNT?
Who is Ryan Schulke in relation to Fluent, Inc.?
