Barrett David Michael 4
4 · Expensify, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Expensify (EXFY) CEO David Barrett Sells 30,000 Shares
What Happened
David Michael Barrett, CEO of Expensify, sold 30,000 shares on March 2, 2026 at $0.90 per share, yielding $27,000 in proceeds. The sale is reported as an open market or private sale (code S) and was executed pursuant to a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date: 2026-03-02; Price: $0.90 per share; Shares sold: 30,000; Proceeds: $27,000.
- Form filed: 2026-03-03 (timely filing the day after the transaction).
- Shares owned after transaction: not specified in the provided filing excerpt (see Form 4 for beneficial ownership totals).
- Footnotes: F1 — sale effected under a Rule 10b5-1 trading plan adopted March 31, 2025; F2 — transaction reported by Barrett Trust LLC (manager-managed LLC controlled by the Barrett Family Trust, with the reporting person as manager/trustee).
Context
Sales conducted under a Rule 10b5-1 plan are pre-arranged trades and are typically executed according to a preset schedule or formula; they often reflect routine portfolio management rather than a contemporaneous view on the company. Sales are less informative than purchases for judging insider sentiment, but the 10b5-1 disclosure is important context for interpreting this transaction.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-03-02$0.90/sh−30,000$27,000→ 1,288,480 total(indirect: See note)
- 212,567
Class A Common Stock
Footnotes (2)
- [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]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.