Daniel Vidal - 14 Jun 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
14 Jun 2023
Net transactions value
+$18,253
Form type
4
Filing time
16 Jun 2023, 20:40:55 UTC
Previous filing
17 Mar 2023
Next filing
21 Jun 2023
SEC
View on sec.gov

Quoteable Key Fact

"Daniel Vidal filed Form 4 for Expensify, Inc. (EXFY) on 16 Jun 2023."

Quick Takeaways

  • This page summarizes Daniel Vidal's Form 4 filing for Expensify, Inc. (EXFY).
  • 8 reported transactions and 3 derivative rows are listed below.
  • Filing timestamp: 16 Jun 2023, 20:40.

What Changed

  • Previous filing in this sequence was filed on 17 Mar 2023.
  • Current net transaction value: +$18,253.

Why This Matters

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXFY Class A Common Stock Award $31,292 +4,496 +4.8% $6.96 97,319 14 Jun 2023 Direct F1
transaction EXFY Class A Common Stock Award $0 +911 +0.94% $0.000000 98,230 14 Jun 2023 Direct F2
transaction EXFY Class A Common Stock Tax liability $1,785 -255 -0.26% $7.00 97,975 14 Jun 2023 Direct
transaction EXFY Class A Common Stock Options Exercise +2,825 +2.9% 100,800 15 Jun 2023 Direct F3
transaction EXFY Class A Common Stock Tax liability $11,254 -1,574 -1.6% $7.15 99,226 15 Jun 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 -2,825 -3.8% $0.000000 70,633 15 Jun 2023 Class A Common Stock 2,825 Direct F3, F4
transaction EXFY Restricted Stock Units Options Exercise $0 -2,825 -3.8% $0.000000 70,633 15 Jun 2023 LT50 Common Stock 2,825 Direct F4, F5
transaction EXFY LT50 Common Stock Options Exercise $0 +2,825 +2.2% $0.000000 132,417 15 Jun 2023 Class A Common Stock 2,825 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 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.
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