LM Funding CFO buys 131,600 LMFA shares

LM Funding America, Inc. Chief Financial Officer Richard D. Russell reported an open-market purchase of the company’s common stock.

Rhea-AI Filing Summary

LM Funding America, Inc. Chief Financial Officer Richard D. Russell reported an open-market purchase of the company’s common stock. On May 19, 2026, he bought 131,600 shares at an average price of $0.222 per share.

After this transaction, Russell directly owns 244,147 shares of LM Funding America common stock. This filing reflects a net increase in his personal equity stake through a voluntary market purchase.

Insights

Equity ownership analyst

LM Funding America’s CFO increased his direct shareholding through an open-market purchase.

The CFO, Richard D. Russell, executed an open-market purchase of 131,600 shares of Common Stock at $0.222 per share on May 19, 2026. The transaction is coded “P,” indicating a standard purchase rather than option exercise or compensation-related grant.

Following this trade, his direct holdings total 244,147 shares, meaning the purchase represents a substantial addition relative to his previously reported position. The filing shows no derivative positions, so this change comes entirely from common shares, highlighting a straightforward increase in direct equity exposure.

Insider Trade Summary

Net Buyer: 131,600 shares

Net Buy 1 txn

Insider Russell Richard D.

Role Chief Financial Officer

Bought 131,600 shs ($29K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	131,600	$0.222	$29K

Holdings After Transaction: Common Stock — 244,147 shares (Direct)

Key Figures

Shares purchased: 131,600 shares Purchase price: $0.222 per share Shares owned after transaction: 244,147 shares +1 more

4 metrics

Shares purchased 131,600 shares Open-market purchase of Common Stock on May 19, 2026

Purchase price $0.222 per share Average price for the May 19, 2026 open-market trade

Shares owned after transaction 244,147 shares Direct holdings following the reported purchase

Net buy direction 131,600 net-buy shares transactionSummary netBuySellShares for this Form 4

Key Terms

open-market purchase, Common Stock, Form 4, Chief Financial Officer

4 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Chief Financial Officer financial

"officer_title: "Chief Financial Officer""

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LM Funding America (LMFA) disclose in this Form 4 filing?

LM Funding America disclosed that its Chief Financial Officer, Richard D. Russell, bought common stock in an open-market transaction. He purchased 131,600 shares at $0.222 per share and now directly holds 244,147 shares following the reported transaction.

How many LMFA shares did the CFO buy and at what price?

The CFO, Richard D. Russell, purchased 131,600 shares of LM Funding America common stock. The average purchase price was $0.222 per share in an open-market transaction dated May 19, 2026, according to the Form 4 disclosure.

What are Richard D. Russell’s LMFA share holdings after this transaction?

After the reported purchase, Chief Financial Officer Richard D. Russell directly owns 244,147 shares of LM Funding America common stock. This total reflects his position immediately following the 131,600-share open-market transaction reported in the Form 4 filing.

Was the LMFA CFO’s trade an open-market purchase or part of a derivative exercise?

The trade was an open-market purchase, not a derivative exercise. The Form 4 lists transaction code “P” and describes it as an open-market or private purchase of common stock at $0.222 per share on May 19, 2026.

Did the LMFA CFO use options or derivatives in this Form 4 transaction?

No, the filing shows no derivative transactions. The Form 4 describes only a non-derivative purchase of common stock, with 131,600 shares acquired directly at $0.222 per share, and no remaining derivative positions listed in the derivative summary.

Who is the insider trading LMFA stock in this Form 4?

The insider is Richard D. Russell, Chief Financial Officer of LM Funding America, Inc. He is listed as an officer, not a director or 10% owner, and reported buying 131,600 common shares, bringing his direct holdings to 244,147 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/20/2026 - 04:48 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Russell Richard D.

(Last) (First) (Middle)

1200 PLATT STREET

SUITE 100

(Street)

TAMPA FLORIDA 33606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LM FUNDING AMERICA, INC. [ LMFA ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/19/2026		P		131,600	A	$0.222	244,147	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Richard D. Russell	05/20/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)