Barrett David Michael 4

What Happened

David Barrett, CEO of Expensify, reported a sale of 30,000 shares (transaction code S) on June 1, 2026. The shares were disposed at $1.15 each for a total proceeds of $34,500. This was a sale (not a purchase), which insiders commonly execute for many routine reasons; the filing itself does not state a motive.

Key Details

• Transaction date and price: 2026-06-01 at $1.15 per share (total $34,500).
• Transaction type: Reported as an open-market or private sale (code S).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: Sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person on March 31, 2025 (prearranged plan).
• Footnote F2: Transaction effected by Barrett Trust LLC (manager-managed); investment and voting decisions are made by the reporting person, who is trustee of the Barrett Family Trust.
• Filing timeliness: Report covers 2026-06-01 and was filed 2026-06-02 (timely filed).

Context

A 10b5-1 plan allows insiders to make pre-scheduled trades and can reduce concerns about trading on material nonpublic information. The filing shows the sale was executed by a trust entity controlled by Barrett; it does not by itself indicate the CEO’s view of the company’s prospects.