FPAY Form 3 Filed: Director Echtchenko Declares No Beneficial Ownership

Rhea-AI Filing Summary

Denis Echtchenko filed an initial Form 3 reporting a director relationship with FlexShopper, Inc. (FPAY). The filing identifies Mr. Echtchenko's address at PIMCO, Newport Beach, CA, and records the event date as 12/20/2024. The form discloses that no securities are beneficially owned by the reporting person at the time of the statement. The filing is signed and dated 08/13/2025 and includes an Exhibit 24 Power of Attorney.

Positive

• Form 3 filed disclosing Denis Echtchenko and his relationship as Director of FlexShopper, Inc. (FPAY).
• The filing explicitly states no securities are beneficially owned, providing clarity on insider holdings as of the event date (12/20/2024).

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director disclosed with no beneficial ownership; routine governance disclosure, neutral for investors.

The Form 3 records an initial Section 16 filing for Denis Echtchenko identifying him as a director of FlexShopper, Inc. It provides the reporting person's address and confirms that no shares are beneficially owned as of the event date. From a governance standpoint, the filing meets disclosure requirements by reporting the relationship and providing a signed statement and exhibit. There are no holdings, transactions, or beneficial ownership details to evaluate for conflicts or insider activity.

Securities Analyst

TL;DR: Administrative Form 3 with no holdings; no immediate market or ownership implications shown.

The submission is an initial Form 3 for FPAY naming Denis Echtchenko and documenting the date triggering the filing (12/20/2024). Crucially, the form states "No securities are beneficially owned," so there are no reported non-derivative or derivative positions to analyze. As a result, there is no impact on share counts, insider ownership metrics, or dilution from this filing alone.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

ECHTCHENKO DENIS

(Last) (First) (Middle)

C/O PIMCO

650 NEWPORT CENTER DRIVE

(Street)

NEWPORT BEACH CA 92660

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/20/2024

3. Issuer Name and Ticker or Trading Symbol
FlexShopper, Inc. [ FPAY ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Denis Echtchenko	08/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 3 filed for FPAY disclose about Denis Echtchenko?

The Form 3 identifies Denis Echtchenko as a director of FlexShopper, Inc. and provides his address at PIMCO in Newport Beach, CA.

Does the Form 3 report any securities owned by the reporting person for FPAY?

No. The filing clearly states no securities are beneficially owned by the reporting person.

What is the event date recorded on the Form 3 for FPAY?

The date of the event requiring the statement is listed as 12/20/2024.

When was the Form 3 signed by the reporting person?

The Form 3 bears the signature of Denis Echtchenko dated 08/13/2025.

Does the filing include any exhibits or additional documents?

Yes. The filing lists Exhibit 24 - Power of Attorney.