Barrett David Michael 4/A

What Happened

• Barrett David Michael, CEO of Expensify, received a grant of 2,094,974 derivative securities (stock options) reported for the 06/23/2026 transaction date and filed in an amended Form 4 on 06/26/2026. The grant is shown at a $0.00 strike price in the filing and is recorded as an award/grant (derivative), not an open-market purchase or sale.
• The award is split: 63,694 options have an expiration date of 06/23/2031 and 2,031,280 options expire 06/23/2036. Total reported value is $0 on the Form 4 because these are option awards (exercise/cash value depends on future stock price and exercise terms).

Key Details

• Transaction date: 2026-06-23; Form 4 filed (amendment) 2026-06-26. The reporting sequence included an earlier Form 4 (06/25/2026) that listed all options expiring 06/23/2036; this amendment corrects that 63,694 options instead expire 06/23/2031.
• Award amounts: 63,694 options (expire 06/23/2031) and 2,031,280 options (expire 06/23/2036); aggregated total = 2,094,974 options. Reported acquisition price: $0.00.
• Vesting notes: Per footnotes, the 63,694-option grant is fully vested and currently exercisable (vested schedule aggregated and deemed to have begun 4/12/2025). The larger 2,031,280-option grant vests in 16 equal quarterly installments starting (deemed) 4/12/2025.
• Shares owned after the transaction: not specified in the information provided.
• Filing status: This is an amended Form 4 correcting the expiration date split between two option groups; the amendment was filed shortly after the initial report (timely correction).

Context

• These are option grants (derivative awards). That means no cash changed hands at grant; any future exercise and/or sale would be separate transactions and would produce additional filings. One tranche is already fully vested and exercisable, while the larger tranche vests over future quarters.