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Filing Details

Accession Number:: 0001476840-24-000107
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-06-18 21:44:50
Reporting Period:: 2024-06-14

Accepted Time:: 2024-06-18 21:44:50
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1476840	Expensify Inc.	EXFY	Services-Prepackaged Software (7372)	270239450

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1892682	Michael David Barrett	C/O Expensify, Inc. 401 Sw 5Th Ave Portland OR 97204	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2024-06-14	1,485,230	$0.00	2,062,237	No	4	C	Indirect	See note
Class A Common Stock	Disposition	2024-06-14	17,740	$1.38	2,044,497	No	4	S	Indirect	See note
Class A Common Stock	Acquisiton	2024-06-14	1	$1.35	133,669	No	4	A	Direct
Class A Common Stock	Acquisiton	2024-06-14	81,620	$0.00	215,289	No	4	A	Direct
Class A Common Stock	Acquisiton	2024-06-15	14,463	$0.00	229,752	No	4	M	Direct
Class A Common Stock	Disposition	2024-06-17	11,072	$1.34	218,680	No	4	S	Direct
Class A Common Stock	Disposition	2024-06-17	17,940	$1.37	2,026,557	No	4	S	Indirect	See note
Class A Common Stock	Disposition	2024-06-18	18,730	$1.30	2,007,827	No	4	S	Indirect	See note

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See note
No	4	S	Indirect	See note
No	4	A	Direct
No	4	A	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	See note
No	4	S	Indirect	See note

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	LT10 Common Stock	Disposition	2024-06-14	1,485,230	$0.00	1,485,230	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-06-15	14,463	$0.00	14,463	$0.00
Lt50 Common Stock	Restricted Stock Units	Disposition	2024-06-15	14,463	$0.00	14,463	$0.00
Class A Common Stock	LT50 Common Stock	Acquisiton	2024-06-15	14,463	$0.00	14,463	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,114,836		No	4	C	Indirect
303,726	2029-12-15	No	4	M	Direct
303,726	2029-12-15	No	4	M	Direct
159,094		No	4	M	Indirect

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	LT50 Common Stock	$0.00			3,583,249	3,583,249	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	3,583,249	3,583,249	Indirect

Footnotes

LT10 Common Stock converted into Class A Common Stock on a one-for-one basis.
By Barrett Trust LLC, a manager-managed limited liability company. The investment and voting decisions of Barrett Trust LLC are made by its manager, the Reporting Person, and its controlling member is the Barrett Family Trust, for which the Reporting Person serves as trustee.
These transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2023. No other transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.35 to $1.42, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote.
Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP").
Shares granted as matched shares pursuant to the SPMP.
Each restricted stock unit ("RSU") represents the contingent right to receive one share of Class A common stock. This transaction represents the settlement of vested RSUs in shares of Class A Common Stock.
Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon the vesting of RSUs for certain employees of the Issuer.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.32 to $1.39, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.34 to $1.40, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.27 to $1.32, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote.
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.
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.
The RSUs vest 12.5% on September 15, 2022 and 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th, and September 15th.
Each RSU represents the contingent right to receive one share of LT50 common stock. This transaction represents the settlement of vested RSUs in shares of LT50 Common Stock.
The LT50 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 50 months. The LT50 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.