Alvarez Divo Carlos Eduardo 4

What Happened Alvarez Divo Carlos Eduardo, a director of Expensify, sold 10,000 shares of EXFY in open-market transactions on May 15, 2026. The sales were executed at a weighted-average price of $1.13 per share for total proceeds of approximately $11,300. This was a sale (a routine disposition) rather than a purchase or option exercise.

Key Details

• Transaction date: 2026-05-15.
• Transaction type: Open-market sale (Code S).
• Shares sold: 10,000.
• Price: Weighted average $1.13; individual sale prices ranged from $1.11 to $1.14.
• Total value: Approximately $11,300.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1 — The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 31, 2025.
  • F2 — The reported price is a weighted average; the filer will provide a per-price breakdown upon request.
• Filing timeliness: Form 4 was filed on 2026-05-28, 13 days after the transaction date (May 15), which is later than the typical 2-business-day filing requirement.

Context Because the sales were made under a pre-established 10b5-1 trading plan (adopted Dec 31, 2025), they are generally considered routine dispositions executed according to a prearranged schedule and do not, by themselves, indicate the director’s current view of the company. The size of the sale (≈$11.3k) is relatively small in dollar terms.