4//SEC Filing
Barrett David Michael 4
Accession 0001892682-26-000002
CIK 0001476840other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 6:40 PM ET
Size
18.0 KB
Accession
0001892682-26-000002
Insider Transaction Report
Form 4
Expensify, Inc.EXFY
Barrett David Michael
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2025-12-15+14,463→ 227,030 total - Sale
Class A Common Stock
2025-12-30$1.52/sh−14,463$21,984→ 212,567 total - Sale
Class A Common Stock
2026-01-02$1.50/sh−30,000$45,000→ 1,348,480 total(indirect: See note) - Exercise/Conversion
Restricted Stock Units
2025-12-15−14,463→ 216,947 totalExp: 2029-12-15→ Class A Common Stock (14,463 underlying) - Exercise/Conversion
Restricted Stock Units
2025-12-15−14,463→ 216,947 totalExp: 2029-12-15→ LT50 Common Stock (14,463 underlying) - Exercise/Conversion
LT50 Common Stock
2025-12-15+14,463→ 245,873 total(indirect: See note)→ Class A Common Stock (14,463 underlying)
Holdings
- 3,583,249(indirect: See note)
LT50 Common Stock
→ Class A Common Stock (3,583,249 underlying)
Footnotes (9)
- [F1]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.
- [F2]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.
- [F3]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 $1.50 to $1.53, 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.
- [F4]This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 31, 2025.
- [F5]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.
- [F6]The RSUs vest 12.5% on September 15, 2022 and 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th and September 15th.
- [F7]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.
- [F8]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.
- [F9]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.
Documents
Issuer
Expensify, Inc.
CIK 0001476840
Entity typeother
Related Parties
1- filerCIK 0001892682
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 6:40 PM ET
- Size
- 18.0 KB