Form 4: Howard Dvorkin Increases Stake in FlexShopper, Inc. Through Open Market Purchases

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

Summary

• Howard Dvorkin, a director and 10% owner of FlexShopper, Inc. (FPAY), has reported changes in his beneficial ownership of the company's common stock.
• On August 15, 2024, he acquired 5,192 shares at a weighted average price of $1.12 per share.
• On August 16, 2024, he purchased 18,370 shares at a weighted average price of $1.14 per share.
• On August 19, 2024, he acquired an additional 10,000 shares at $1.17 per share.
• These purchases were made indirectly through PITA Holdings, LLC, where Dvorkin serves as President of Beta Investment Group, Inc., the manager of PITA.
• Following these transactions, Dvorkin's indirect beneficial ownership totals 4,514,977 shares, excluding 1,190,000 shares issuable upon the exercise of warrants held by PITA.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine insider buying, which can be interpreted as a positive signal, but it's not overwhelmingly positive as it's a relatively small amount compared to existing holdings.

Positives

• The director's open market purchases may signal confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. Investors often monitor such filings for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates