Jason Fahr Mills - 31 Dec 2022 Form 5 Insider Report for Expensify, Inc. (EXFY)

Role: Director
Signature: /s/ Ryan Schaffer, as attorney-in-fact
Issuer symbol: EXFY
Transactions as of: 31 Dec 2022
Net transactions value: $0
Form type: 5
Filing time: 07 Feb 2023, 16:01:15 UTC
Previous filing: 19 Dec 2022
Next filing: 17 Mar 2023
SEC: View on sec.gov

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	Gift	$0	-576,720	-99%	$0.000000	6,165	22 Dec 2022	Class A Common Stock	576,720		See note	F1, F2, F3
transaction	EXFY	LT50 Common Stock	Gift	$0	-534,925	-99%	$0.000000	3,821	22 Dec 2022	Class A Common Stock	534,925		See note	F3, F5, F6
holding	EXFY	LT10 Common Stock						576,720	31 Dec 2022	Class A Common Stock	576,720		See note	F1, F2, F3, F4
holding	EXFY	LT50 Common Stock						534,925	31 Dec 2022	Class A Common Stock	534,925		See note	F3, F4, F5, F6

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

Explanation of Responses:

Id	Content
F1	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.
F2	On December 22, 2022, the reporting person transferred 576,720 shares of LT10 Common Stock to a LILIJK LLC, a manager-managed limited liability company. The investment and voting decisions of LILIJK LLC are made by its manager, the Reporting Person, and its controlling member is the Figueroa-Mills Family Revocable Trust, for which the Reporting Person serves as trustee.
F3	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.
F4	By LILIJK LLC, a manager-managed limited liability company. The investment and voting decisions of LILIJK LLC are made by its manager, the Reporting Person, and its controlling member is the Figueroa-Mills Family Revocable Trust, for which the Reporting Person serves as trustee.
F5	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.
F6	On December 22, 2022, the reporting person transferred 534,925 shares of LT50 Common Stock to a LILIJK LLC, a manager-managed limited liability company. The investment and voting decisions of LILIJK LLC are made by its manager, the Reporting Person, and its controlling member is the Figueroa-Mills Family Revocable Trust, for which the Reporting Person serves as trustee.