# EDGAR Filing Document

**Accession Number:** 0001460329
**File Stem:** 0001437749-25-020926
**Filing Date:** 2025-6
**Character Count:** 12271
**Document Hash:** 2abfb33368880b51c41a05ae877c37e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-020926.hdr.sgml**: 20250620

**ACCESSION NUMBER**: 0001437749-25-020926

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250620

**DATE AS OF CHANGE**: 20250620

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fluent, Inc.
- **CENTRAL INDEX KEY:** 0001460329
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ADVERTISING [7310]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 770688094
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-85074
- **FILM NUMBER:** 251062013

**BUSINESS ADDRESS:**
- **STREET 1:** 300 VESEY STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 6466697272

**MAIL ADDRESS:**
- **STREET 1:** 300 VESEY STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cogint, Inc.
- **DATE OF NAME CHANGE:** 20160923

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDI, Inc.
- **DATE OF NAME CHANGE:** 20150520

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tiger Media, Inc.
- **DATE OF NAME CHANGE:** 20121231
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Conlin Matthew
- **CENTRAL INDEX KEY:** 0001660879

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** C/O IDI, INC.
- **STREET 2:** 2650 NORTH MILITARY TRAIL, SUITE 300
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 6)**

**Fluent, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.0005 per share**

*(Title of Class of Securities)*

**34380C201**

*(CUSIP Number)*

**Daniel J. Barsky, Esq.**<br>300 Vesey Street, 9th Floor<br>New York NY 10282<br>(646) 669-7272

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/18/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **34380C201** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Conlin Matthew** | Name of reporting person<br>**Conlin Matthew** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**3797607.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**3464273.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**333334.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3797607.00** | Aggregate amount beneficially owned by each reporting person<br>**3797607.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**16.1%** | Percent of class represented by amount in Row (11)<br>**16.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) Sole Voting Power: The Reporting Person's shares include (i) 1,487,831 shares held directly, (ii) 333,334 shares held by RSMC Partners, LLC, (iii) 60,175 shares held by the 2017 Conlin Shakra Family Trust, (iv) 125,039 shares held by the Conlin Family Foundation Trust, (v) 612,110 shares of common stock (the "Conversion Shares") issuable upon conversion of a convertible subordinated promissory note (the "Note") issued on August 19, 2024, (vi) 862,743 shares of common stock issuable upon exercise of pre-funded warrants issued to the Reporting Person and (vii) 316,375 shares of common stock issuable upon exercise of pre-funded warrants issued to the Conlin Family Foundation Trust. Does not include (i) 91,667 restricted stock units ("RSUs") that were fully vested as of January 1, 2019 but are subject to deferred delivery, (ii) 8,333 RSUs that were fully vested as of February 1, 2020, but are subject to deferred delivery, and (iii) 13,333 RSUs that were fully vested as of March 1, 2021 but are subject to deferred delivery.

(2) Sole Dispositive Power: The Reporting Person's shares include (i) 1,487,831 shares held directly, (ii) 60,175 shares held by the 2017 Conlin Shakra Family Trust, (iii) 125,039 shares held by the Conlin Family Foundation Trust, (iv) 612,110 Conversion Shares issuable upon conversion of the Note, (v) 862,743 shares of common stock issuable upon exercise of pre-funded warrants issued to the Reporting Person and (vi) 316,375 shares of common stock issuable upon exercise of pre-funded warrants issued to the Conlin Family Foundation Trust. Does not include (i) 91,667 RSUs that were fully vested as of January 1, 2019 but are subject to deferred delivery, (ii) 8,333 RSUs that were fully vested as of February 1, 2020, but are subject to deferred delivery, and (iii) 13,333 RSUs that were fully vested as of March 1, 2021 but are subject to deferred delivery.

(3) Shared Dispositive Power: Represents 333,334 shares held by RSMC Partners, LLC.

(4) The number of Conversion Shares issuable upon conversion of the Note is based upon the consolidated closing price of the Issuer's common stock as of June 18, 2025 and is subject to change as set forth herein. Specifically, the Note is convertible into shares of the Issuer's common stock at the Conversion Price. "Conversion Price" means an amount equal to the lesser of (i) $3.01, subject to adjustment pursuant to the terms of the Note and (ii) the greater of (A) the consolidated closing bid price of the Issuer's common stock as reported on The Nasdaq Capital Market or such other principal market or exchange on which the common stock is then traded (the "Principal Market") on the applicable conversion date or, if such date is not a Trading Day (as defined in the Note), then on the Trading Date that is immediately prior to the applicable conversion date and (B) $1.00, subject to adjustment pursuant to the terms of the Note. "Trading Day" means any day during which the Principal Market is open for trading.

(5) The Reporting Person is a member of RSMC Partners, LLC and Trustee of the Conlin Shakra Family Trust and Conlin Family Foundation Trust.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.0005 per share

**(b) Name of Issuer:**
Fluent, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
300 VESEY STREET, 300 VESEY STREET, NEW YORK, NY, 10282

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is amended by adding the following paragraphs to the end of such item:

On December 2, 2024, the Reporting Person acquired the following pre-funded warrants (the "December Pre-Funded Warrants"): (i) December Pre-Funded Warrants to purchase up to 172,771 shares of the Issuer's common stock issued to the Reporting Person and (ii) December Pre-Funded Warrants to purchase up to 86,385 shares of the Issuer's common stock issued to the Conlin Family Foundation Trust of which the Reporting Person is a Trustee. On March 19, 2025, the Reporting Person acquired the following pre-funded warrants (the "March Pre-Funded Warrants" and together with the December Pre-Funded Warrants, the "Pre-Funded Warrants"): (i) March Pre-Funded Warrants to purchase up to 689,972 shares of the Issuer's common stock issued to the Reporting Person and (ii) March Pre-Funded Warrants to purchase up to 229,990 shares of the Issuer's common stock issued to the Conlin Family Foundation Trust of which the Reporting Person is a Trustee.

The exercise of the Pre-Funded Warrants was subject to stockholder approval and the Issuer was obligated to use its reasonable best efforts to obtain stockholder approval of the exercise of the Pre-Funded Warrants in accordance with the rules of the Nasdaq Stock Market at the next annual meeting of the Issuer's stockholders which was held on June 18, 2025 (the "2025 Annual Meeting"). At the 2025 Annual Meeting, the stockholders of the Issuer approved the issuance of the Pre-Funded Warrants and shares of the Issuer's common stock issuable upon exercise thereof. The Pre-Funded Warrants are exercisable at $0.0005 per share and will terminate when exercised in full.

Other than as described above, the Reporting Person does not have any present plan or proposal which relates to, or would result in any action with respect to, the matters listed in paragraphs (a) through (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The Reporting Person is the beneficial owner of 3,797,607 shares of common stock of the Issuer, representing 16.1% of the Issuer's common stock based on 21,853,756 shares of the Issuer's common stock outstanding as of June 18, 2025. The foregoing includes (i) 1,487,831 shares held directly, (ii) 333,334 shares held by RSMC Partners, LLC, (iii) 60,175 shares held by the 2017 Conlin Shakra Family Trust, (iv) 125,039 shares held by the Conlin Family Foundation Trust, (v) 612,110 Conversion Shares issuable upon conversion of the Note, (vi) 862,743 shares of common stock issuable upon exercise of pre-funded warrants issued to the Reporting Person and (vii) 316,375 shares of common stock issuable upon exercise of pre-funded warrants issued to the Conlin Family Foundation Trust. The number of Conversion Shares is based upon the consolidated closing price of the Issuer's common stock as of June 18, 2025 and is subject to change as described on page 2. The foregoing excludes (a) 91,667 RSUs that were fully vested as of January 1, 2019 but are subject to deferred delivery, (b) 8,333 RSUs that were fully vested as of February 1, 2020 but are subject to deferred delivery, and (c) 13,333 RSUs that were fully vested as of March 1, 2021 but are subject to deferred delivery. The Reporting Person is a member of RSMC Partners, LLC and Trustee of the Conlin Shakra Family Trust and Conlin Family Foundation Trust.

**(b)**
The Reporting Person is deemed to have sole power to vote or direct the vote of 3,797,607 shares of the Issuer's common stock, sole power to dispose or to direct the disposition of 3,464,273 shares of the Issuer's common stock, shared power vote or direct the vote of 0 shares of the Issuer's common stock and shared power to dispose or to direct the disposition of 333,334 shares of the Issuer's common stock  as more fully described on page 2.

**(c)**
Other than the acquisition by the Reporting Person of an aggregate of 1,179,118 Pre-Funded Warrants to purchase shares of the Issuer's common stock (862,743 issued to the Reporting Person and 316,375 issued to Conlin Family Foundation Trust of which the Reporting Person is Trustee), the Reporting Person did not effect any transactions in the common stock of the Issuer in the past 60 days.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Conlin Matthew

**Signature:** /s/ Matthew Conlin

**Name/Title:** Matthew Conlin

**Date:** 06/20/2025