Schaffer Ryan 4

Accession 0001476840-25-000097

CIK 0001476840other

View on SEC.gov Company Profile

Filed

Jun 17, 8:00 PM ET

Accepted

Jun 18, 8:49 PM ET

Size

17.5 KB

Accession

0001476840-25-000097

Insider Transaction Report

Form 4

Period: 2025-06-13

Expensify, Inc.EXFY

Schaffer Ryan

DirectorChief Financial Officer

Transactions

Award
Class A Common Stock
2025-06-13+5,382→ 169,958 total
Exercise/Conversion
Class A Common Stock
2025-06-15+3,923→ 173,881 total
Exercise/Conversion
Restricted Stock Units
2025-06-15−3,923→ 66,682 total
Exp: 2029-12-15→ Class A Common Stock (3,923 underlying)
Exercise/Conversion
LT50 Common Stock
2025-06-15+3,923→ 58,838 total(indirect: See note)
→ Class A Common Stock (3,923 underlying)
Award
Class A Common Stock
2025-06-13$2.29/sh+8,428$19,300→ 164,576 total
Sale
Class A Common Stock
2025-06-17$2.28/sh−1,883$4,293→ 171,998 total
Exercise/Conversion
Restricted Stock Units
2025-06-15−3,923→ 66,682 total
Exp: 2029-12-15→ LT50 Common Stock (3,923 underlying)

Footnotes (9)

[F1]Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP").
[F2]Shares granted as matched shares pursuant to the SPMP.
[F3]Each restricted stock unit ("RSU") represents the contingent right to receive one share of Class A common stock. This transaction represents the settlement of vested RSUs in shares of Class A Common Stock.
[F4]Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes for shares awarded under the SPMP for certain employees of the Issuer.
[F5]The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes for shares granted as matched shares under the SPMP for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $2.23 to $2.32, inclusive. The Reporting Person undertakes to provide to 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 sold at each separate price within the range set forth in this footnote.
[F6]The RSUs vest 12.5% on September 15, 2022 and 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th, and September 15th.
[F7]Each RSU represents the contingent right to receive one share of LT50 common stock. This transaction represents the settlement of vested RSUs in shares of LT50 Common Stock.
[F8]The LT50 Common Stock is convertible into the Issuer's Class A Common Stock on a one-to-one basis only upon, and generally cannot be transferred without, satisfaction of certain notice and other requirements, including a notice period of 50 months. The LT50 Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis at such time as all of the then-outstanding shares of LT10 and LT50 Common Stock represent, in the aggregate, less than 2% of all then-outstanding shares of common stock.
[F9]Deposited into the Expensify Voting Trust (the "Voting Trust"). The Reporting Person retains investment control and dispositive power over the shares deposited into the Voting Trust.

Documents

1 file

4
wk-form4_1750294192.xmlPrimary
FORM 4

Issuer

Expensify, Inc.

CIK 0001476840

→

Entity typeother

Related Parties

filerCIK 0001891061

Filing Metadata

Form type: 4
Filed: Jun 17, 8:00 PM ET
Accepted: Jun 18, 8:49 PM ET
Size: 17.5 KB

View on SEC.gov