Ryan Schulke Exercises Pre-Funded Warrants for 655,895 Fluent Shares

Ryan Schulke, Chief Strategy Officer and 10% owner of Fluent, Inc., exercised pre-funded warrants on June 23, 2026, acquiring 655,895 shares of common stock through cashless exercise. The transactions involved two warrant exercises: 227,324 shares and 428,571 shares, both at an exercise price of $0.0005 per share. Following these transactions, Schulke directly owns 4,153,794 shares. Additionally, he holds indirect ownership through various trusts and entities totaling 1,095,276 shares, bringing his total beneficial ownership to approximately 5.25 million shares. The pre-funded warrants became exercisable after stockholder approval on June 17, 2026, and were terminated upon full exercise. The filing represents significant insider activity involving substantial equity acquisition by a key executive.