In a recent transaction, Howard Dvorkin, director and major shareholder of FlexShopper, Inc. (NASDAQ:FPAY), purchased additional shares of the company, investing a total of $20,023. The transactions took place on two consecutive days, with shares purchased at prices between $1.20 and $1.23.
On June 25, 2024, Dvorkin purchased 6,111 shares at an average price of $1.21. The next day he further increased his holding by purchasing 10,524 shares at a weighted average price of $1.20. These purchases were part of multiple transactions within the indicated price ranges.
Following these acquisitions, Dvorkin’s direct ownership of FlexShopper, Inc. is 4,440,246 shares. It is worth noting that these shares are officially held by PITA Holdings, LLC, whose manager is Beta Investment Group, Inc. and Dvorkin is its president. However, Dvorkin has stated that he is not the beneficial owner of the securities held by PITA, other than to the extent of his pecuniary interest.
Investors often keep an eye on insider transactions like these, as they can provide insight into management’s confidence in the company’s future prospects. With this latest move, Dvorkin reaffirmed his commitment to FlexShopper, a company specializing in equipment rental and leasing services.
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