Form 4: FlexShopper Director Howard Dvorkin Increases Stake with Recent Stock Purchase

Director Howard Dvorkin reports purchasing 3,381 shares of FlexShopper, Inc. at $1.16 per share, increasing his indirect holdings.

Summary

• On August 20, 2024, Howard Dvorkin, a director and 10% owner of FlexShopper, Inc. (FPAY), acquired 3,381 shares of common stock at a price of $1.16 per share.
• The transaction increased his indirect beneficial ownership to 4,518,358 shares.
• The shares are held indirectly through PITA Holdings, LLC, where Beta Investment Group, Inc. acts as the manager, and Howard Dvorkin is the President of Beta Investment Group, Inc.
• Dvorkin disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While the purchase indicates confidence from a director, it's a relatively small transaction and doesn't provide significant insight into the company's overall health.

Positives

• The director's purchase could be interpreted as a positive signal about his confidence in the company's future prospects.

Industry Context

Insider buying is often watched by investors as a signal of management's confidence in the company's prospects. However, it's just one data point and should be considered alongside other factors.

Stakeholder Impact

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

Key Dates