Anuradha Muralidharan - Mar 15, 2023 Form 4 Insider Report for Expensify, Inc. (EXFY)

Role
Chief Operating Officer, Director
Signature
/s/ Ryan Schaffer, as attorney-in-fact
Stock symbol
EXFY
Transactions as of
Mar 15, 2023
Transactions value $
-$20,840
Form type
4
Date filed
3/17/2023, 05:21 PM
Previous filing
Jan 30, 2023
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXFY Class A Common Stock Award $0 +465 +0.75% $0.00 62.8K Mar 15, 2023 Direct F1
transaction EXFY Class A Common Stock Tax liability -$1.39K -190 -0.3% $7.32 62.6K Mar 15, 2023 Direct
transaction EXFY Class A Common Stock Options Exercise +3.17K +5.07% 65.7K Mar 15, 2023 Direct F2
transaction EXFY Class A Common Stock Tax liability -$19.4K -2.58K -3.92% $7.55 63.2K Mar 15, 2023 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 -3.17K -3.7% $0.00 82.4K Mar 15, 2023 Class A Common Stock 3.17K Direct F2, F3
transaction EXFY Restricted Stock Units Options Exercise $0 -3.17K -3.7% $0.00 82.4K Mar 15, 2023 LT50 Common Stock 3.17K Direct F3, F4
transaction EXFY LT50 Common Stock Options Exercise $0 +3.17K +3% $0.00 109K Mar 15, 2023 Class A Common Stock 3.17K See note F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares granted as matched shares pursuant to the Expensify, Inc. 2021 Share Purchase and Matching Plan.
F2 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.
F3 The restricted stock units vest 12.5% on September 15, 2022 and 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th, and September 15th.
F4 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.
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 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.