SEC Form 4 · accession 0001209191-18-038396
Fluent, Inc. · FLNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 15, 2018 | S | 70,000 | $2.50 | D | 5,904,895 | D | |
| Common Stock | Jun 14, 2018 | S | 140,000 | $2.50 | D | 5,764,895 | D | |
| Common StockF1 | Jun 18, 2018 | S | 100,000 | $2.50 | D | 2,088,945 | I | See footnote |
| Common StockF1 | Jun 18, 2018 | S | 20,000 | $2.50 | D | 2,068,945 | I | See footnote |
| Common StockF1 | Jun 14, 2018 | S | 100,000 | $2.50 | D | 1,968,945 | I | See footnote |
| Common StockF2 | holding | — | — | — | 1,373,646 | I | See footnote | |
| Common StockF3 | holding | — | — | — | 8,130 | I | See footnote | |
| Common StockF4 | holding | — | — | — | 18,137 | I | See footnote |
Table II — derivative securities
Explanation of responses
- F1Shares held by Grander Holdings, Inc. 401K Profit Sharing Plan of which Mr. Brauser is trustee.
- F2Shares held by Birchtree Capital, LLC, of which Mr. Brauser is the manager.
- F3Shares held by BSIG, LLC, of which Mr. Brauser is a member. Mr. Brauser disclaims beneficial ownership of these shares except to the extent of any pecuniary ownership he may have.
- F4Shares held by Betsy and Michael Brauser Charitable Family Foundation, Inc. of which Mr. Brauser is a director.
Remarks
As previously reported on a Form 4 filed June 12, 2018, on June 8, 2018, the Reporting Person disposed of 500,000 shares of the Issuer's common stock in exchange for shares of Red Violet, Inc. The assumed price of the Issuer shares disposed of was $2.80 per share. This disposition was "matchable" under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 5,000 shares, with the Reporting Person's purchase of 20,000 shares of the Issuer's common stock on February 13, 2018 at a blended price of $2.85 per share, of which 5,000 shares were purchased at $2.75 per share. The Reporting Person has paid the Issuer $250.00, representing the full amount of the profit realized in connection with this matchable purchase and disposition.