Barrett David Michael 4

Accession 0001892682-25-000017

CIK 0001476840other

View on SEC.gov Company Profile

Filed

Sep 23, 8:00 PM ET

Accepted

Sep 24, 5:52 PM ET

Size

20.9 KB

Accession

0001892682-25-000017

Insider Transaction Report

Form 4

Period: 2025-09-15

Expensify, Inc.EXFY

Barrett David Michael

DirectorChief Executive Officer

Transactions

Exercise/Conversion
Restricted Stock Units
2025-09-15−14,463→ 231,410 total
Exp: 2029-12-15→ Class A Common Stock (14,463 underlying)
Exercise/Conversion
Restricted Stock Units
2025-09-15−14,463→ 231,410 total
Exp: 2029-12-15→ LT50 Common Stock (14,463 underlying)
Exercise/Conversion
LT50 Common Stock
2025-09-15+14,463→ 231,410 total(indirect: See note)
→ Class A Common Stock (14,463 underlying)
Award
Class A Common Stock
2025-09-15+6,507→ 206,594 total
Exercise/Conversion
Class A Common Stock
2025-09-15+14,463→ 221,057 total
Sale
Class A Common Stock
2025-09-16$1.90/sh−2,396$4,552→ 218,661 total
Sale
Class A Common Stock
2025-09-18$1.95/sh−10,262$20,011→ 208,399 total

Holdings

Class A Common Stock
(indirect: See note)
1,468,480
LT50 Common Stock
(indirect: See note)
→ Class A Common Stock (3,583,249 underlying)
3,583,249

Footnotes (11)

[F1]Shares granted as matched shares 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.
[F2]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.
[F3]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.
[F4]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.
[F5]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.
[F6]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.
[F7]By Barrett Trust LLC, a manager-managed limited liability company. The investment and voting decisions of Barrett Trust LLC are made by its manager, the Reporting Person, and its controlling member is the Barrett Family Trust, for which the Reporting Person serves as trustee.
[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

1 file

4
wk-form4_1758750739.xmlPrimary
FORM 4

Issuer

Expensify, Inc.

CIK 0001476840

→

Entity typeother

Related Parties

filerCIK 0001892682

Filing Metadata

Form type: 4
Filed: Sep 23, 8:00 PM ET
Accepted: Sep 24, 5:52 PM ET
Size: 20.9 KB

View on SEC.gov