4//SEC Filing
Mills Jason Fahr 4
Accession 0001891197-25-000019
CIK 0001476840other
Filed
Sep 23, 8:00 PM ET
Accepted
Sep 24, 5:52 PM ET
Size
21.5 KB
Accession
0001891197-25-000019
Insider Transaction Report
Form 4
Expensify, Inc.EXFY
Mills Jason Fahr
Director
Transactions
- Award
Class A Common Stock
2025-09-15+20,006→ 429,485 total - Sale
Class A Common Stock
2025-09-16$1.90/sh−4,921$9,350→ 428,385 total - Exercise/Conversion
LT50 Common Stock
2025-09-15+3,821→ 45,855 total(indirect: See note)→ Class A Common Stock (3,821 underlying) - Sale
Class A Common Stock
2025-09-18$1.95/sh−1,812$3,533→ 426,573 total - Exercise/Conversion
Restricted Stock Units
2025-09-15−3,821→ 61,140 totalExp: 2029-12-15→ LT50 Common Stock (3,821 underlying) - Award
Class A Common Stock
2025-09-15$1.94/sh+42,947$83,317→ 409,479 total - Exercise/Conversion
Restricted Stock Units
2025-09-15−3,821→ 61,140 totalExp: 2029-12-15→ Class A Common Stock (3,821 underlying) - Exercise/Conversion
Class A Common Stock
2025-09-15+3,821→ 433,306 total
Holdings
- 534,925(indirect: See note)
LT50 Common Stock
→ Class A Common Stock (534,925 underlying)
Footnotes (12)
- [F1]Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP").
- [F10]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.
- [F11]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.
- [F12]By LILIJK LLC, a manager-managed limited liability company. The investment and voting decisions of LILIJK LLC are made by its manager, the Reporting Person, and its controlling member is the Figueroa-Mills Family Revocable Trust, for which the Reporting Person serves as trustee.
- [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 granted as matched shares 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 $1.86 to $1.92, 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]Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon the vesting of RSUs for certain employees of the Issuer.
- [F7]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 upon the vesting of RSUs for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $1.91 to $2.00, 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.
- [F8]The restricted stock units vest 12.5% on September 15, 2022 and 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th and September 15th.
- [F9]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.
Documents
Issuer
Expensify, Inc.
CIK 0001476840
Entity typeother
Related Parties
1- filerCIK 0001891197
Filing Metadata
- Form type
- 4
- Filed
- Sep 23, 8:00 PM ET
- Accepted
- Sep 24, 5:52 PM ET
- Size
- 21.5 KB