Christen Timothy L 4

What Happened
Timothy L. Christen, a member of Expensify's Board of Directors, was granted 123,762 restricted stock units (RSUs) on May 22, 2026. The Form 4 reports the acquisition price as $0.00 (typical for compensation awards); the filing shows no immediate cash value recorded at grant. This transaction is an award (compensation) rather than a market purchase or sale.

Key Details

• Transaction date: May 22, 2026; Filing date (Form 4): July 7, 2026 — filing was more than two business days after the transaction and therefore appears late.
• Transaction type/code: A — Award/Grant of RSUs.
• Shares/units granted: 123,762 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the information provided in this summary. (See the Form 4 for the insider’s beneficial ownership total.)
• Footnote: The award is RSUs under the Non-Employee Director Compensation Program. RSUs vest on the earlier of (i) the first anniversary of the grant date or (ii) immediately before the next Annual Meeting; each RSU converts to one share of Class A common stock upon vesting.

Context
RSU awards to non-employee directors are common compensation and do not represent an immediate purchase or sale of stock. The RSUs are unvested at grant and will convert to shares only when they vest, so this grant alone is not a direct market signal of buying or selling. Retail investors should watch for future Form 4 filings when these RSUs vest (and if any shares are subsequently sold) and consult the full filing for the insider’s total holdings and any additional terms.