Schaffer Ryan 4

What Happened
Ryan Schaffer, Chief Financial Officer of Expensify, was granted a derivative award on 2026-06-23 covering 1,164,596 shares. The transaction is reported as an "A" (award/acquisition) with a reported acquisition price of $0.00 — the filing identifies this as a stock option grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-23; Form 4 filed 2026-06-25 (timely filing).
• Reported consideration: $0.00 for the derivative award.
• Award size: 1,164,596 underlying shares (stock option).
• Vesting: footnote states the option vests in 16 equal quarterly installments, deemed to have begun April 12, 2025 (16 quarters = 4 years).
• Shares owned after transaction: not specified in the provided filing.
• Transaction code: A = award/grant. No 10b5-1 plan or tax-withholding notes listed in the provided details.

Context
This was a compensation award (stock option) that vests over time — it does not represent an immediate cash purchase or sale of shares. The filing does not show an exercise/strike price or any immediate sale, so the economic value will depend on future vesting and any exercise terms. Grants like this are common for executive compensation and are intended to align long-term incentives; they are informational rather than a direct market bet.