Form 4: FlexShopper Director Howard Dvorkin Acquires Additional Shares

Howard Dvorkin, a director and 10% owner of FlexShopper, Inc., purchased 128,668 shares of common stock at an average price of $1.31 on May 1, 2025.

Summary

• On May 1, 2025, Howard Dvorkin, a director and 10% owner of FlexShopper, Inc. (FPAY), acquired 128,668 shares of common stock.
• The shares were purchased at a weighted average price of $1.31, with individual transaction prices ranging from $1.28 to $1.32.
• Following the transaction, Dvorkin beneficially owns 6,181,445 shares indirectly through PITA Holdings, LLC.
• Dvorkin disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• The amount excludes 990,000 shares of the Issuer's common stock which are issuable upon the exercise of warrants held of record by PITA.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director buying shares is generally a good sign, but the indirect ownership and disclaimer temper the enthusiasm.

Positives

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

Risks

• The filing indicates indirect ownership and a disclaimer of beneficial ownership except to the extent of pecuniary interest, which could suggest a complex ownership structure.

Industry Context

This type of filing is standard for corporate insiders and provides transparency into their trading activities. It's common for directors and officers to buy or sell shares of their own company, and these transactions are closely watched by investors for signals about the company's prospects.

Comparison to Industry Standards

• Tracking insider transactions is a common practice in financial analysis.
• Comparing Dvorkin's transactions to those of other directors in similar companies (e.g., other publicly traded fintech or retail companies) could provide context.
• For example, if other directors in the industry are also buying shares, it could signal a broader positive outlook for the sector.

Stakeholder Impact

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

Key Dates

Keywords

FlexShopper, FPAY, Howard Dvorkin, stock purchase, beneficial ownership, Form 4, PITA Holdings