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 open market purchases of common stock.

Summary

• On August 13, 2024, Howard Dvorkin indirectly acquired 26,756 shares of FlexShopper, Inc. common stock at a weighted average price of $1.06 per share.
• The shares were purchased in multiple transactions with prices ranging from $1.05 to $1.07.
• On August 14, 2024, Dvorkin indirectly acquired an additional 4,613 shares at a weighted average price of $1.08 per share, with prices ranging from $1.06 to $1.10.
• Following these transactions, Dvorkin's indirect beneficial ownership totals 4,481,415 shares, excluding 1,190,000 shares issuable upon the exercise of warrants held by PITA Holdings, LLC.
• The shares are held of record by PITA Holdings, LLC, where Beta Investment Group, Inc., of which Dvorkin is President, is the manager.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects insider buying, which can be seen as a positive signal, but it's a routine disclosure and doesn't provide substantial information about the company's overall performance.

Positives

• The open market purchases by a director and significant shareholder could be interpreted as a positive signal about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. The information is relevant to investors as it provides insight into the actions of key company personnel.

Stakeholder Impact

• The increased ownership by a director could increase investor confidence.

Key Dates