Ryan Schaffer - Sep 15, 2022 Form 4 Insider Report for Expensify, Inc. (EXFY)

Role: Chief Financial Officer, Director
Signature: /s/ Ryan Schaffer
Stock symbol: EXFY
Transactions as of: Sep 15, 2022
Transactions value $: -$150,781
Form type: 4
Date filed: 9/19/2022, 09:39 PM
Previous filing: Aug 26, 2022
Next filing: Dec 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXFY	Class A Common Stock	Award	$6.3K	+377	+0.62%	$16.70	60.8K	Sep 15, 2022	Direct	F1
transaction	EXFY	Class A Common Stock	Award	$0	+38	+0.06%	$0.00	60.8K	Sep 15, 2022	Direct	F2
transaction	EXFY	Class A Common Stock	Tax liability	-$166	-10	-0.02%	$16.64	60.8K	Sep 15, 2022	Direct
transaction	EXFY	Class A Common Stock	Options Exercise		+15.7K	+25.8%		76.5K	Sep 15, 2022	Direct	F3
transaction	EXFY	Class A Common Stock	Tax liability	-$157K	-9.66K	-12.62%	$16.25	66.8K	Sep 15, 2022	Direct

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	Restricted Stock Units	Options Exercise	$0	-15.7K	-12.5%	$0.00	110K	Sep 15, 2022	Class A Common Stock	15.7K		Direct	F3, F4
transaction	EXFY	Restricted Stock Units	Options Exercise	$0	-15.7K	-12.5%	$0.00	110K	Sep 15, 2022	LT50 Common Stock	15.7K		Direct	F4, F5
transaction	EXFY	LT50 Common Stock	Options Exercise	$0	+15.7K		$0.00	15.7K	Sep 15, 2022	Class A Common Stock	15.7K		See note	F5, F6, F7

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

Explanation of Responses:

Id	Content
F1	Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP").
F2	Shares granted as matched shares pursuant to the SPMP.
F3	Each restricted stock unit 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.
F4	The restricted stock units vest 12.5% on September 15, 2022 and 1/32nd each quarter thereafter, on March 15th, June 15th, September 15th and December 15th.
F5	Each restricted stock unit 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.
F6	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.
F7	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.