Barrett David Michael 4

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.