Form 4: FlexShopper Director Howard Dvorkin Increases Stake in Company

Howard Dvorkin, a director and 10% owner of FlexShopper, Inc., has increased his indirect holdings of common stock through a series of purchases.

Summary

• Howard Dvorkin, a director and 10% owner of FlexShopper, has been actively purchasing shares of the company's common stock.
• On May 20, 2024, he acquired 17,814 shares at an average price of $1.16.
• This was followed by the purchase of 41,490 shares on May 21, 2024, at an average price of $1.17.
• On May 22, 2024, he bought an additional 3,381 shares at an average price of $1.16.
• These transactions increased his indirect beneficial ownership to 4,220,253 shares.
• The shares are held by PITA Holdings, LLC, where Dvorkin serves as President of Beta Investment Group, Inc., the manager of PITA.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed favorably, but the scale of the purchases is not dramatically large relative to existing holdings.

Positives

• A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider buying is often monitored as an indicator of management's sentiment about the company's prospects. It can be a positive signal, but should be considered alongside other factors.

Stakeholder Impact

• Shareholders may view the insider buying as a positive signal.

Key Dates