LM Funding (LMFA) CFO Richard D. Russell Buys 131,600 Shares

What Happened

Richard D. Russell, Chief Financial Officer of LM Funding America, Inc. (LMFA), reported an open-market/private purchase of 131,600 shares on 2026-05-19 at $0.22 per share, for a total cost of $29,215. This transaction is reported as a purchase (code P), which is generally viewed as a more bullish signal than a sale, though motives are not disclosed.

Key Details

• Transaction date: 2026-05-19
• Purchase size and price: 131,600 shares at $0.22 per share
• Total value: $29,215
• Transaction code: P (purchase) — reported as open-market or private purchase
• Filing date: 2026-05-20 (filed the next calendar day; appears timely under Form 4 rules)
• Shares owned after transaction: not stated in the provided filing excerpt
• Footnotes/plan: no 10b5-1 plan, tax withholding, or other special footnotes noted in the supplied data

Context

The dollar amount of this buy ($29k) is modest, though the share count is large due to the low per-share price. Purchases by executives can be informative because they show direct insider buying, but they do not prove future performance. No additional details (like ownership after the trade or a trading plan) were supplied in the excerpt.