Barrett David Michael 4

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.