Howard Dvorkin - May 13, 2021 Form 4 Insider Report for FlexShopper, Inc. (FPAY)

Role
Director, 10%+ Owner
Signature
/s/ Howard Dvorkin by H. Russell Heiser Jr, as attorney-in-fact
Stock symbol
FPAY
Transactions as of
May 13, 2021
Transactions value $
$485,573
Form type
4
Date filed
5/17/2021, 04:11 PM
Previous filing
Jul 26, 2021
Next filing
Jun 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FPAY Common Stock Purchase $305K +127K +4.87% $2.40 2.74M May 13, 2021 See footnote F1, F4
transaction FPAY Common Stock Purchase $120K +50K +2.53% $2.40 2.03M May 13, 2021 See footnote F3
transaction FPAY Common Stock Purchase $60.2K +23.4K +0.85% $2.57 2.76M May 14, 2021 See footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.35 to $2.44, inclusive. The reporting person undertakes to provide to FlexShopper, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.46 to $2.60, inclusive. The reporting person undertakes to provide to FlexShopper, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F3 Held of record by NRNS Capital Holdings, LLC ("NRNS"), of which the reporting person is the manager. The reporting person disclaims beneficial ownership of the Issuer held of record by NRNS except to the extent of his pecuniary interest therein. Amount excludes 753,697 shares of the Issuer's common stock which are issuable upon the exercise of warrants held of record by NRNS.
F4 Held of record by PITA Holdings, LLC ("PITA"). The manager of PITA is Beta Investment Group, Inc. ("Beta"), of which the reporting person is the President. The reporting person disclaims beneficial ownership of the securities of the Issuer held of record by PITA except to the extent of his pecuniary interest therein. Amount excludes 990,000 shares of the Issuer's common stock which are issuable upon the exercise of warrants held of record by PITA.