Barrett David Michael 4
4 · Expensify, Inc. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Expensify (EXFY) CEO David Barrett Sells 30,000 Shares
What Happened
David Barrett, CEO of Expensify, sold 30,000 shares on 2026-02-02. The Form 4 reports a weighted average sale price of $1.45 per share (range $1.43–$1.47), for gross proceeds of approximately $43,500. The transaction is reported as an open‑market or private sale (code S), i.e., a disposition of common stock.
Key Details
- Transaction date: February 2, 2026; Form 4 filed February 4, 2026 (appears timely, within the usual two‑business‑day reporting window).
- Price: weighted average $1.45; individual sale prices ranged $1.43–$1.47 (per footnote F2).
- Shares sold: 30,000; gross proceeds ≈ $43,500.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 — sale effected pursuant to a Rule 10b5‑1 trading plan adopted March 31, 2025; F2 — weighted average price, with breakdown available on request; F3 — transaction involves Barrett Trust LLC, managed by the reporting person (Barrett is trustee/manager).
Context
Trades under a 10b5‑1 plan are pre‑set trading arrangements that allow insiders to transact at scheduled times and are commonly used to avoid potential timing concerns; they do not, by themselves, indicate the insider’s current view of the company. This report documents a sale (disposition), which is routine insider activity and not an acquisition signal.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-02-02$1.45/sh−30,000$43,500→ 1,318,480 total(indirect: See note)
- 212,567
Class A Common Stock
Footnotes (3)
- [F1]The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 31, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.43 to $1.47, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote.
- [F3]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.