Barrett David Michael 4
4 · Expensify, Inc. · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Expensify (EXFY) CEO Barrett David Michael Sells 30,000 Shares
What Happened
- Barrett David Michael, CEO of Expensify, sold 30,000 shares in open-market transactions on May 1, 2026. The weighted-average sale price was $1.08, for total proceeds of approximately $32,400. The sales were coded as disposition (S) transactions.
Key Details
- Transaction date: May 1, 2026; Form 4 filed: May 11, 2026 (appears to be filed late).
- Price: weighted average $1.08 per share; individual trades ranged from $1.01 to $1.12.
- Total proceeds: ~ $32,400 (30,000 shares × $1.08 weighted average).
- Reporting vehicle: transactions reported by Barrett Trust LLC; the reporting person is manager/trustee of the trust (see footnote on control).
- Plan: sales were executed under a Rule 10b5-1 trading plan adopted March 31, 2025.
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
Context
- This was a sale (disposition), which is typically considered routine insider selling; it does not by itself indicate a change in the company’s outlook. The 10b5-1 plan note means the trades were prearranged under an SEC-compliant trading plan. The Form 4 was filed 10 days after the trade date, which is later than the usual two-business-day reporting window.
Insider Transaction Report
Form 4
Expensify, Inc.EXFY
Barrett David Michael
DirectorChief Executive Officer
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-05-01$1.08/sh−30,000$32,400→ 1,258,480 total(indirect: See note)
Holdings
- 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 $1.01 to $1.12, 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.
Signature
/s/ Ryan Schaffer, as attorney-in-fact|2026-05-12