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 June 25, 2024, Howard Dvorkin indirectly acquired 6,111 shares of FlexShopper, Inc. common stock at a weighted average price of $1.21 per share.
• On June 26, 2024, he further acquired 10,524 shares at a weighted average price of $1.20 per share.
• These purchases increased his indirect beneficial ownership to 4,440,246 shares.
• The shares are held of record 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 impact depends on the size and context of the transactions.

Positives

• The director's purchase of shares could be interpreted as a positive signal about the company's prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company's prospects are optimistic about its future. However, it's important to consider the size of the purchases relative to the overall market capitalization of the company.

Stakeholder Impact

• Shareholders may view the insider buying as a positive signal.
• The increased ownership stake could align the director's interests more closely with those of other shareholders.

Key Dates