OpenView Management, LLC - Nov 9, 2021 Form 3 Insider Report for Expensify, Inc. (EXFY)

Role: 10%+ Owner
Signature: /s/ Rufus King, Chief Legal Officer of OpenView Management, LLC
Stock symbol: EXFY
Transactions as of: Nov 9, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/9/2021, 07:09 PM
Next filing: Nov 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	EXFY	Class A Common Stock						30.5K	Nov 9, 2021	By OpenView Venture Partners IV, L.P.	F1
holding	EXFY	Class A Common Stock						1K	Nov 9, 2021	By OpenView Affiliates Fund IV, L.P.	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	EXFY	Series B Convertible Preferred Stock							Nov 9, 2021	Class A Common Stock	3.59M		By OpenView Venture Partners IV, L.P.	F1, F3
holding	EXFY	Series B Convertible Preferred Stock							Nov 9, 2021	Class A Common Stock	117K		By OpenView Affiliates Fund IV, L.P.	F2, F3
holding	EXFY	Series B-1 Convertible Preferred Stock							Nov 9, 2021	Class A Common Stock	222K		By OpenView Venture Partners IV, L.P.	F1, F3
holding	EXFY	Series B-1 Convertible Preferred Stock							Nov 9, 2021	Class A Common Stock	7.27K		By OpenView Affiliates Fund IV, L.P.	F2, F3
holding	EXFY	Series C Convertible Preferred Stock							Nov 9, 2021	Class A Common Stock	8.67M		By OpenView Venture Partners IV, L.P.	F1, F3
holding	EXFY	Series C Convertible Preferred Stock							Nov 9, 2021	Class A Common Stock	283K		By OpenView Affiliates Fund IV, L.P.	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities are held by OpenView Venture Partners IV, L.P. ("OVP IV LP"). OpenView Management, LLC ("OVM LLC") is the general partner of OpenView General Partner IV, L.P. ("OGP IV LP"), which is the general partner of OVP IV LP. Each of OVM LLC and OGP IV LP disclaims beneficial ownership of all the shares held by OVP IV LP except to the extent, if any, of its pecuniary interest therein and this report shall not be deemed an admission that it is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F2	The securities are held by OpenView Affiliates Fund IV, L.P. ("OAF IV LP"). OGP IV LP is the general partner of OAF IV LP. Each of OVM LLC and OGP IV LP disclaims beneficial ownership of all the shares held by OAF IV LP except to the extent, if any, of its pecuniary interest therein and this report shall not be deemed an admission that it is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
F3	Each share of Convertible Preferred Stock was initially convertible on a one-for-one basis into the Issuer's Class A Common Stock at any time at the holder's election and has no expiration date. The number of underlying shares of common stock reported in Column 3 gives effect to a 10-for-1 forward stock split effective as of October 27, 2021, pursuant to which each share of Convertible Preferred Stock became convertible into 10 shares of Class A Common Stock. The Convertible Preferred Stock will convert automatically upon closing of the Issuer's initial public offering.