Liu Ying 4

What Happened

• Liu Ying, a director of Expensify, was granted 123,762 restricted stock units (RSUs) on 2026-05-22 (Transaction code A). The Form 4 reports the grant at $0.00 per share (a typical reporting convention for equity awards), representing the right to receive 123,762 shares of Class A common stock if and when the RSUs vest.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-07-07 (late — about 46 days after the grant; SEC rules generally require Form 4 within 2 business days).
• Grant: 123,762 RSUs, reported at $0.00 per share.
• Vesting: RSUs vest on the earlier of (i) the first anniversary of the grant date or (ii) immediately before the next Annual Meeting following the grant date (per footnote).
• Each RSU converts into one share of Class A common stock upon vesting.
• Shares owned after transaction: not specified in the summary filing provided.

Context

• This was an equity compensation award to a non‑employee director (routine director pay), not an open‑market purchase or sale. Awards signal compensation, not a direct buy/sell view of the stock. Note the late filing — while common, late Form 4s reduce the timeliness of insider disclosure for investors.