Howard Dvorkin - Dec 23, 2022 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
Dec 23, 2022
Transactions value $
$27,599
Form type
4
Date filed
12/28/2022, 04:18 PM
Previous filing
Dec 13, 2022
Next filing
Jan 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FPAY Common Stock Purchase $12.6K +13.8K +0.35% $0.91 3.94M Dec 23, 2022 See footnote F1, F3
transaction FPAY Common Stock Purchase $15K +16.7K +0.42% $0.90 3.96M Dec 27, 2022 See footnote F2, F3
* 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 $0.91 to $0.92, 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 $0.89 to $0.91, 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 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 1,190,000 shares of the Issuer's common stock which are issuable upon the exercise of warrants held of record by PITA.