Jason Fahr Mills - 15 Mar 2023 Form 4 Insider Report for Expensify, Inc. (EXFY)

Role: Director
Signature: /s/ Ryan Schaffer, as attorney-in-fact
Issuer symbol: EXFY
Transactions as of: 15 Mar 2023
Net transactions value: +$43,630
Form type: 4
Filing time: 17 Mar 2023, 17:22:20 UTC
Previous filing: 07 Feb 2023
Next filing: 16 Jun 2023
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	Award	$59,255	+7,943	+9.6%	$7.46	90,889	15 Mar 2023	Direct	F1
transaction	EXFY	Class A Common Stock	Award	$0	+1,052	+1.2%	$0.000000	91,941	15 Mar 2023	Direct	F2
transaction	EXFY	Class A Common Stock	Tax liability	$1,808	-247	-0.27%	$7.32	91,694	15 Mar 2023	Direct
transaction	EXFY	Class A Common Stock	Options Exercise		+3,822	+4.2%		95,516	15 Mar 2023	Direct	F3
transaction	EXFY	Class A Common Stock	Tax liability	$13,816	-1,830	-1.9%	$7.55	93,686	15 Mar 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	-3,822	-3.7%	$0.000000	99,352	15 Mar 2023	Class A Common Stock	3,822		Direct	F3, F4
transaction	EXFY	Restricted Stock Units	Options Exercise	$0	-3,822	-3.7%	$0.000000	99,352	15 Mar 2023	LT50 Common Stock	3,822		Direct	F4, F5
transaction	EXFY	LT50 Common Stock	Options Exercise	$0	+3,822	+100%	$0.000000	7,643	15 Mar 2023	Class A Common Stock	3,822		See note	F5, F6, F7
holding	EXFY	LT50 Common Stock						534,925	15 Mar 2023	Class A Common Stock	534,925		See note	F6, F7, F8

* 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 December 15th, March 15th, June 15th, and September 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.
F8	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.