Fluent (FLNT) amends Form 4 after 25,000 RSU grant to CFO
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Perfit Ryan MacNab reported acquisition or exercise transactions in this Form 4 filing.
Fluent, Inc. reported that Chief Financial Officer Ryan MacNab received a grant of 25,000 restricted stock units of common stock. The award was issued under the company’s 2022 Omnibus Equity Incentive Plan and vests in three equal annual installments, starting on September 1, 2025.
The amended filing also corrects a prior Form 4 that mis-stated MacNab’s post-grant holdings because it did not reflect the company’s 1-for-6 reverse stock split completed on April 11, 2024. After this RSU grant, he is shown as owning 32,600 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Perfit Ryan MacNab
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 32,600 shares (Direct, null)
Footnotes (1)
- The restricted stock units ("RSUs") were issued pursuant to the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan") and vest in three equal annual installments with the first tranche vesting on September 1, 2025. On September 11, 2024, the Reporting Person filed a Form 4 which inadvertently reported, that following his acquisition of 25,000 RSUs, the Reporting Person owned 70,596 shares of common stock which amount did not reflect the Issuer's 1-for-6 reverse stock split effectuated on April 11, 2024. As reported in this amendment, following the acquisition of 25,000 RSUs, the Reporting Person owned 32,600 shares of common stock
Key Figures
RSU grant: 25,000 RSUs
Post-grant holdings: 32,600 shares
Vesting schedule: 3 equal annual installments
+1 more
4 metrics
RSU grant
25,000 RSUs
Granted on September 9, 2024 to CFO
Post-grant holdings
32,600 shares
Common stock held after RSU grant
Vesting schedule
3 equal annual installments
First tranche vests on September 1, 2025
Reverse stock split ratio
1-for-6
Reverse split effectuated on April 11, 2024
Key Terms
restricted stock units ("RSUs"), 2022 Omnibus Equity Incentive Plan, reverse stock split, Form 4
4 terms
restricted stock units ("RSUs") financial
"The restricted stock units ("RSUs") were issued pursuant to the Issuer's 2022 Omnibus Equity Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2022 Omnibus Equity Incentive Plan financial
"RSUs were issued pursuant to the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan")"
reverse stock split financial
"did not reflect the Issuer's 1-for-6 reverse stock split effectuated on April 11, 2024"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Form 4 regulatory
"On September 11, 2024, the Reporting Person filed a Form 4 which inadvertently reported"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Fluent (FLNT) report for its CFO?
Fluent reported that Chief Financial Officer Ryan MacNab received 25,000 restricted stock units of common stock. These RSUs were granted at no cash cost to him as part of equity compensation under the company’s 2022 Omnibus Equity Incentive Plan.
How do Ryan MacNab’s 25,000 RSUs at Fluent (FLNT) vest?
The 25,000 restricted stock units vest in three equal annual installments. The first tranche vests on September 1, 2025, with the remaining installments vesting on the next two anniversary dates, subject to the terms of the company’s 2022 Omnibus Equity Incentive Plan.
Why did Fluent (FLNT) file an amended Form 4 for its CFO?
Fluent filed an amended Form 4 because a prior Form 4 incorrectly reported Ryan MacNab’s post-grant share ownership. The earlier filing did not account for the company’s 1-for-6 reverse stock split completed on April 11, 2024, which affected the share count.
Under which plan were the 25,000 RSUs granted to Fluent (FLNT)’s CFO?
The 25,000 restricted stock units granted to Ryan MacNab were issued under Fluent’s 2022 Omnibus Equity Incentive Plan. This plan governs equity-based awards such as RSUs and outlines vesting schedules, eligibility, and other key terms for participants.