4//SEC Filing
Davis John 4
Accession 0001213900-25-005138
CIK 0001397047other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 6:55 PM ET
Size
15.5 KB
Accession
0001213900-25-005138
Insider Transaction Report
Form 4
Davis John
COO
Transactions
- Exercise of In-Money
Series B Rights (rights to buy)
2025-01-16+15,440→ 15,440 total→ Common Stock (15,440 underlying) - Exercise of In-Money
Series C Rights (rights to buy)
2025-01-16+15,440→ 15,440 total→ Common Stock (15,440 underlying) - Exercise of In-Money
Subscription Rights (rights to buy)
2025-01-16−15,440→ 0 totalExercise: $1.70From: 2024-12-03Exp: 2025-01-10→ Common Stock (15,440 underlying) - Exercise of In-Money
Series A Rights (rights to buy)
2025-01-16+15,440→ 15,440 total→ Common Stock (15,440 underlying) - Exercise of In-Money
Common Stock
2025-01-16$1.70/sh+15,440$26,248→ 92,264 total
Footnotes (5)
- [F1]Represents the number of shares of common stock of the issuer that the reporting person purchased in the issuer's rights offering pursuant to the exercise of subscription rights, as described in footnote (2) and the issuer's prospectus, dated December 2, 2024 (the "Prospectus").
- [F2]The issuer issued, at no charge, two non-transferrable subscription rights for each share of common stock beneficially owned or issuable upon conversion of issuer's preferred stock, on December 2, 2024, the record date, to purchase units at $1.70. The reporting person purchased the units, each consisting of one share of common stock, one series A common stock purchase right ("Series A Right"), one series B common stock purchase right ("Series B Right") and one series C common stock purchase right ("Series C Right").
- [F3]The Series A Rights are exercisable commencing on their date of issuance at an exercise price equal to the higher of (x) $1.70 or (y) 90% of the volume weighted average price ("VWAP") of the issuer's common stock over the last three trading days prior to the expiration date of the Series A Rights on February 15, 2025, which is 30 days following January 16, 2025, but in any event not to exceed $2.55.
- [F4]The Series B Rights are exercisable commencing on their date of issuance at an exercise price equal to the higher of (x) $1.70 or (y) 87.5% of the VWAP of the issuer's common stock over the last three trading days prior to the expiration date of the Series B Rights on March 17, 2025, which is 60 days following January 16, 2025, but in any event not to exceed $3.40.
- [F5]The Series C Rights are exercisable commencing on their date of issuance at an exercise price equal to the higher of (x) $1.70 or (y) 85% of the VWAP of the issuer's common stock over the last three trading days prior to the expiration date of the Series C Rights on April 16, 2025, which is 90 days following January 16, 2025, but in any event not to exceed $4.25.
Documents
Issuer
FlexShopper, Inc.
CIK 0001397047
Entity typeother
Related Parties
1- filerCIK 0001752107
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 6:55 PM ET
- Size
- 15.5 KB