# EDGAR Filing Document

**Accession Number:** 0001660850
**File Stem:** 0001437749-25-022198
**Filing Date:** 2025-7
**Character Count:** 8026
**Document Hash:** 618bd0f0c9dc9fb2a18df1f18c9c0e7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-022198.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0001437749-25-022198

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250624

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Schulke Ryan
- **CENTRAL INDEX KEY:** 0001660850

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37893
- **FILM NUMBER:** 251106829

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

**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

**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

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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 for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Schulke Ryan<br><sub>(Last) (First) (Middle)</sub><br>C/O FLUENT, INC.<br>300 VESEY STREET, 9TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10282<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-06-24 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Strategy Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Fluent, Inc. [ FLNT ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-06-24 |  | M |  | 259156 | A | $0.0005 | 3200320 | D |  |
| Common Stock | 2025-06-24 |  | J<sup>(1)</sup> |  | 69 | D | $0.0005 | 3200251 | D |  |
| Common Stock | 2025-06-24 |  | M |  | 551977 | A | $0.0005 | 3752228 | D |  |
| Common Stock | 2025-06-24 |  | J<sup>(1)</sup> |  | 146 | D | $0.0005 | 3752082 | D |  |
| Common Stock | 2025-06-24 |  | M |  | 229990 | A | $0.0005 | 333017 | I | Held by The Schulke Inn Family Foundation Trust<sup>(2)</sup> |
| Common Stock | 2025-06-24 |  | J<sup>(1)</sup> |  | 60 | D | $0.0005 | 332957 | I | Held by The Schulke Inn Family Foundation Trust<sup>(2)</sup> |
| Common Stock |  |  |  |  |  |  |  | 333334 | I | Held by RSMC Partners, LLC<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 20208 | I | Held by The Ryan Schulke 2020 Grantor Retained Annuity Trust<sup>(4)</sup> |
| Common Stock |  |  |  |  |  |  |  | 149690 | I | Held by 2022 Ryan Schulke Grantor Retained Annuity Trust<sup>(5)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Pre-Funded Warrant | $0.0005 | 2025-06-24 |  | M |  |  | 259156 | 2025-06-18<sup>(6)</sup> | <sup>(7)</sup> | Common Stock | 259156 | $0 | 0 | D |  |
| Pre-Funded Warrant | $0.0005 | 2025-06-24 |  | M |  |  | 551977 | 2025-06-18<sup>(6)</sup> | <sup>(7)</sup> | Common Stock | 551977 | $0 | 0 | D |  |
| Pre-Funded Warrant | $0.0005 | 2025-06-24 |  | M |  |  | 229990 | 2025-06-18<sup>(6)</sup> | <sup>(7)</sup> | Common Stock | 229990 | $0 | 0 | I | Held by The Schulke Inn Family Foundation Trust<sup>(2)</sup> |

---

### Footnotes:

(1) The Reporting Person exercised the pre-funded warrants on a cashless basis.

(2) The Reporting Person is the co-trustee of the Schulke Inn Family Foundation Trust and in such capacity has the shared right to vote and dispose of the securities held by such trust.

(3) The Reporting Person is a Member of RSMC Partners, LLC.

(4) The Reporting Person is the Trustee of The Ryan Schulke 2020 Grantor Retained Annuity Trust.

(5) The Reporting Person is the Trustee of the 2022 Ryan Schulke Grantor Retained Annuity Trust.

(6) The Pre-Funded Warrants became exercisable after stockholder approval of the offering of the Issuer's Pre-Funded Warrants, which approval was obtained on June 18, 2025.

(7) The Pre-Funded Warrants terminated when exercised in full. The Pre-Funded Warrants were exercised on June 24, 2025.

**Signature:** /s/ Ryan Schulke  
**Date:** 2025-07-03

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**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 Number.**