Alvarez Divo Carlos Eduardo 4

Accession 0002104456-26-000007

CIK 0001476840other

View on SEC.gov Company Profile

Filed

Jan 11, 7:00 PM ET

Accepted

Jan 12, 6:14 PM ET

Size

29.6 KB

Accession

0002104456-26-000007

Insider Transaction Report

Form 4

Period: 2025-12-30

Expensify, Inc.EXFY

Alvarez Divo Carlos Eduardo

Director

Transactions

Sale
Class A Common Stock
[F1][F2]
2025-12-30$1.52/sh−2,468$3,751→ 325,604 total
Sale
Class A Common Stock
[F3][F4]
2025-12-31$1.50/sh−6,504$9,756→ 319,100 total
Other
Class A Common Stock
[F5]
2025-12-31−20,441→ 298,659 total
Other
Class A Common Stock
[F6]
2026-01-04−7,839→ 290,820 total
Other
Class A Common Stock
[F7]
2026-01-05−5,312→ 285,508 total
Other
LT10 Common Stock
[F8][F5][F9]
2025-12-31+20,441→ 204,608 total(indirect: See note)
→ Class A Common Stock (20,441 underlying)
Other
LT10 Common Stock
[F8][F6][F9]
2026-01-04+7,839→ 212,447 total(indirect: See note)
→ Class A Common Stock (7,839 underlying)
Other
LT10 Common Stock
[F8][F7][F9]
2026-01-05+5,312→ 217,759 total(indirect: See note)
→ Class A Common Stock (5,312 underlying)

Footnotes (9)

[F1]Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon the vesting of restricted stock units ("RSU") for certain employees of the Issuer.
[F2]The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.53, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.
[F3]Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon vesting of RSUs, which vested immediately on the grant date, for certain employees of the Issuer.
[F4]The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs, which vested immediately on the grant date, for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $1.49 to $1.52, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.
[F5]The Reporting Person exchanged 20,441 shares of Class A Common Stock for 20,441 shares of LT10 Common Stock in an Exchange, as defined in and pursuant to the Issuer's Amended and Restated Certificate of Incorporation.
[F6]The Reporting Person exchanged 7,839 shares of Class A Common Stock for 7,839 shares of LT10 Common Stock in an Exchange, as defined in and pursuant to the Issuer's Amended and Restated Certificate of Incorporation.
[F7]The Reporting Person exchanged 5,312 shares of Class A Common Stock for 5,312 shares of LT10 Common Stock in an Exchange, as defined in and pursuant to the Issuer's Amended and Restated Certificate of Incorporation.
[F8]The LT10 Common Stock is convertible into the Issuer's Class A Common Stock on a one-to-one basis only upon, and generally cannot be transferred without, satisfaction of certain notice and other requirements, including a notice period of 10 months. The LT10 Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis at such time as all of the then-outstanding shares of LT10 and LT50 Common Stock represent, in the aggregate, less than 2% of all then-outstanding shares of common stock.
[F9]Deposited into the Expensify Voting Trust (the "Voting Trust"). The Reporting Person retains investment control and dispositive power over the shares deposited into the Voting Trust.

Signature

/s/ Ryan Schaffer, as attorney-in-fact|2026-01-12

Documents

2 files

Issuer

Expensify, Inc.

CIK 0001476840

→

Entity typeother

Related Parties

filerCIK 0002104456

Filing Metadata

Form type: 4
Filed: Jan 11, 7:00 PM ET
Accepted: Jan 12, 6:14 PM ET
Size: 29.6 KB

View on SEC.gov