Form 4: FlexShopper Director Howard Dvorkin Acquires 9,800 Shares

Howard Dvorkin, a director and 10% owner of FlexShopper, Inc., purchased 9,800 shares of common stock at $1.26 per share on June 28, 2024.

Summary

• On June 28, 2024, Howard Dvorkin, a director and 10% owner of FlexShopper, Inc. (FPAY), acquired 9,800 shares of common stock.
• The purchase price was $1.26 per share.
• Following the transaction, Dvorkin beneficially owns 4,450,046 shares indirectly through PITA Holdings, LLC.
• Dvorkin disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but the quantity is relatively small and the director disclaims beneficial ownership except to the extent of his pecuniary interest.

Positives

• A director's purchase of shares can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's valuation and future performance. This purchase could be interpreted as a positive signal.

Stakeholder Impact

• The stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates