Barrett David Michael 4

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.