Barrett David Michael 4

What Happened

• David Barrett, CEO of Expensify, reported a sale of 30,000 shares on April 1, 2026. The shares were disposed at $0.85 each, for a total proceeds of $25,500. The sale is reported as an "open market or private sale" (code S).

Key Details

• Transaction date and price: April 1, 2026 — 30,000 shares at $0.85 each (total $25,500).
• Shares owned after transaction: Not specified in the information provided in this summary (see the Form 4 for exact post-transaction holdings).
• Footnotes of note:
  • F1: The sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person on March 31, 2025.
  • F2: Transaction was by Barrett Trust LLC (a manager-managed LLC); investment and voting decisions are made by the reporting person, and the controlling member is the Barrett Family Trust, for which the reporting person serves as trustee.
• Filing timeliness: The Form 4 was filed June 11, 2026 covering the April 1, 2026 transaction. This interval suggests the filing was late relative to the SEC’s usual two-business-day reporting window.

Context

• The sale was executed under a pre-established 10b5-1 plan, which often indicates the trades were preplanned and not necessarily a real-time signal of the insider’s view on the company. Sales are common for liquidity or diversification and, absent other information, do not alone indicate company prospects.