Sec Form 4 Filing - GLOBAL VALUE INVESTMENT CORP. @ Fluent, Inc. - 2025-05-15

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person GLOBAL VALUE INVESTMENT CORP. 2. Issuer Name and Ticker or Trading Symbol Fluent, Inc. [ FLNT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1433 N. WATER STREET, SUITE 400 3. Date of Earliest Transaction (MM/DD/YY) 05/15/2025 (Street) MILWAUKEE, WI53202 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 05/19/2025 J 8,104 D 3,058,299 I By Global Value Investment Corporation ( 2 ) ( 3 ) Common Stock 9,385 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Pre-Funded Warrants $ 0.0005 05/15/2025 A 78,425 ( 4 ) ( 5 ) Common Stock 78,425 $ 2.1995 78,425 I By Global Value Investment Corporation ( 6 ) Warrants $ 2.2 05/15/2025 A 78,425 ( 7 ) ( 8 ) Common Stock 78,425 $ 0 78,425 I By Global Value Investment Corporation ( 6 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other GLOBAL VALUE INVESTMENT CORP. 1433 N. WATER STREET SUITE 400 MILWAUKEE, WI53202 X GEYGAN JEFFREY RICHART 1433 N. WATER STREET SUITE 400 MILWAUKEE, WI53202 Director of GVIC GEYGAN JAMES 300 VESEY SREET 9TH FLOOR NEW YORK, NY10282 X X Wilke Stacy 1433 N. WATER STREET SUITE 400 MILWAUKEE, WI53202 Officer of GVIC Geygan Kathleen 1433 N. WATER STREET SUITE 400 MILWAUKEE, WI53202 Director of GVIC Rice Shawn G 1433 N. WATER STREET SUITE 400 MILWAUKEE, WI53202 Director of GVIC Signatures /s/ James P. Geygan, Chief Executive Officer 05/19/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )As of May 19, 2025, certain separately managed accounts terminated their relationship with, and are no longer advised by, Global Value Investment Corporation. The positions held in such accounts are therefore no longer included herein. ( 2 )In addition to Global Value Investment Corporation, a Delaware corporation, this Form 4 is being filed jointly by Jeffrey R. Geygan, a citizen of the United States of America, James P. Geygan, a citizen of the United States of America, Stacy A. Wilke, a citizen of the United States of America, Kathleen M. Geygan, a citizen of the United States of America, and Shawn G. Rice, a citizen of the United States of America, each of whom has the same business address as Global Value Investment Corporation. Global Value Investment Corporation beneficially owns the shares of common stock, par value $0.0005 per share ("Common Stock"), of Fluent, Inc. reported on this Form 4. ( 3 )In accordance with Instruction 4(b)(iv), the entire amount of Common Stock held by Global Value Investment Corporation is reported herein. Common Stock reported as indirectly owned by Global Value Investment Corporation includes shares owned by Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen M. Geygan, and Shawn G. Rice. ( 4 )The Pre-Funded Warrants will be exercisable after stockholder approval of the offering of the Pre-Funded Warrants. ( 5 )The Pre-Funded Warrants will terminate when exercised in full. ( 6 )These securities are held in one or more accounts managed indirectly by Global Value Investment Corporation or its subsidiary or its affiliated persons/entities (collectively, "GVIC"). GVIC may be deemed to have beneficial ownership of these securities because it serves as the investment manager and/or investment advisor to separately managed accounts, investment partnerships, and/or individuals. The reporting person disclaims beneficial ownership in the securities except to the extent of his pecuniary interest, if any, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. ( 7 )The Warrants will be exercisable after stockholder approval of the offering of the Warrants. ( 8 )The Warrants will expire three years from the date of issuance.

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).

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