Form 4: Howard Dvorkin Increases Stake in FlexShopper, Inc. with Recent Stock Purchases

Howard Dvorkin, a director and 10% owner of FlexShopper, Inc., has increased his stake in the company through recent purchases of common stock.

Summary

• On August 22, 2024, Howard Dvorkin purchased 16,200 shares of FlexShopper, Inc. common stock at a weighted average price of $1.17 per share.
• The prices for these shares ranged from $1.16 to $1.18.
• On August 23, 2024, Dvorkin purchased an additional 6,900 shares at $1.10 per share.
• Following these transactions, Dvorkin indirectly beneficially owns 4,541,458 shares through PITA Holdings, LLC.
• This amount excludes 1,190,000 shares of the Issuer's common stock which are issuable upon the exercise of warrants held of record by PITA.
• Dvorkin disclaims beneficial ownership of the securities held by PITA except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects insider buying, which can be seen as positive, but it's a routine disclosure.

Positives

• The director's purchase of shares 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 directors and large shareholders.

Stakeholder Impact

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

Key Dates