OpenView Management, LLC - Nov 15, 2021 Form 4 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 15, 2021
Transactions value $
-$72,234,941
Form type
4
Date filed
11/17/2021, 04:01 PM
Previous filing
Nov 9, 2021
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXFY Class A Common Stock Conversion of derivative security +12.5M +40922.82% 12.5M Nov 15, 2021 By OpenView Venture Partners IV, L.P. F1, F2
transaction EXFY Class A Common Stock Conversion of derivative security +408K +40803% 409K Nov 15, 2021 By OpenView Affiliates Fund IV, L.P. F1, F3
transaction EXFY Class A Common Stock Sale -$69.9M -2.79M -22.26% $25.11* 9.73M Nov 15, 2021 By OpenView Venture Partners IV, L.P. F2, F4
transaction EXFY Class A Common Stock Sale -$2.29M -91.1K -22.26% $25.11* 318K Nov 15, 2021 By OpenView Affiliates Fund IV, L.P. F3, F4

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
transaction EXFY Series B Convertible Preferred Stock Conversion of derivative security $0 -359K -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 3.59M By OpenView Venture Partners IV, L.P. F1, F2
transaction EXFY Series B Convertible Preferred Stock Conversion of derivative security $0 -11.7K -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 117K By OpenView Affiliates Fund IV, L.P. F1, F3
transaction EXFY Series B-1 Convertible Preferred Stock Conversion of derivative security $0 -22.2K -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 222K By OpenView Venture Partners IV, L.P. F1, F2
transaction EXFY Series B-1 Convertible Preferred Stock Conversion of derivative security $0 -727 -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 7.27K By OpenView Affiliates Fund IV, L.P. F1, F3
transaction EXFY Series C Convertible Preferred Stock Conversion of derivative security $0 -867K -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 8.67M By OpenView Venture Partners IV, L.P. F1, F2
transaction EXFY Series C Convertible Preferred Stock Conversion of derivative security $0 -28.3K -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 283K By OpenView Affiliates Fund IV, L.P. F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 had no expiration date. The number of underlying shares of common stock reported in Column 7 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 converted automatically upon closing of the Issuer's initial public offering.
F2 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.
F3 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.
F4 These shares of Common Stock were sold in connection with the Issuer's initial public offering pursuant to the prospectus (including pursusant to the underwriters' exercise of their over-allotment option under such prospectus) dated November 12, 2021, and accompanying registration statement on Form S-1 (File No. 333-260297). The shares were sold at a price per share equal to the initial public offering price, net of underwriting discount and commissions.