David Michael Barrett - 14 Nov 2022 Form 4 Insider Report for Expensify, Inc. (EXFY)

Role: Chief Executive Officer, Director
Signature: /s/ Ryan Schaffer, as attorney-in-fact
Issuer symbol: EXFY
Transactions as of: 14 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 16 Nov 2022, 18:34:38 UTC
Previous filing: 14 Nov 2022
Next filing: 19 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXFY	Class A Common Stock	Other		-11,426	-35%		21,495	14 Nov 2022	Direct	F1
holding	EXFY	Class A Common Stock						3,531,331	14 Nov 2022	See note	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
transaction	EXFY	LT10 Common Stock	Other		+11,426	+0.32%		3,600,066	14 Nov 2022	Class A Common Stock	11,426		See note	F1, F3, F4

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

Explanation of Responses:

Id	Content
F1	The Reporting Person exchanged 11,426 shares of Class A Common Stock for 11,426 shares of LT10 Common Stock in an Exchange, as defined in and pursuant to the Issuer's Amended and Restated Certificate of Incorporation."
F2	By David Barrett Trust LLC, a manager-managed limited liability company. The investment and voting decisions of David 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.
F3	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.
F4	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.