Expensify (EXFY) Director Vidal Receives 1.16M-Share Option Grant

What Happened

• Daniel Vidal, a director of Expensify, received a grant of derivative securities covering 1,160,447 shares on June 23, 2026. The filing reports a $0 per-share strike/price and $0 cash paid; the transaction is reported as an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-23; Form 4 filed: 2026-06-25.
• Amount: 1,160,447 shares (derivative securities) reported at $0.00 per share.
• Shares owned after transaction: not specified in the filing.
• Footnote: The stock option vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025 (i.e., vesting over 4 years).
• Filing timeliness: Form 4 was filed two days after the transaction date; no late filing indicator noted.

Context

• This was a grant of stock options (derivative award). Vesting in quarterly installments means the options become exercisable over time; they are not immediately tradable shares. Grants to directors are common as compensation and do not by themselves indicate buy or sell intent in the market.