Daniel Vidal - 14 Jun 2023 Form 4 Insider Report for Expensify, Inc. (EXFY)

Reporting relationship: Director
Issuer ticker: EXFY
Reported as of: 14 Jun 2023
Net transaction value: +$18,253
SEC form: 4
Accepted by SEC: 16 Jun 2023, 20:40:55 UTC
Prior SEC filing: 17 Mar 2023
Next SEC filing: 21 Jun 2023
Source filing: View source filing
Reporting owner signature: /s/ Ryan Schaffer, as attorney-in-fact

Key filing fact

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

Key facts

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

Change

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

Research use

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.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EXFY transaction

Class A Common Stock

Award

Transaction value: $31,292
Shares: +4,496
Change %: +4.8%
Price: $6.96
Shares after: 97,319
Date: 14 Jun 2023
Ownership: Direct
Footnotes: F1

EXFY transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +911
Change %: +0.94%
Price: $0.000000
Shares after: 98,230
Date: 14 Jun 2023
Ownership: Direct
Footnotes: F2

EXFY transaction

Class A Common Stock

Tax liability

Transaction value: $1,785
Shares: -255
Change %: -0.26%
Price: $7.00
Shares after: 97,975
Date: 14 Jun 2023
Ownership: Direct

EXFY transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +2,825
Change %: +2.9%
Price
Shares after: 100,800
Date: 15 Jun 2023
Ownership: Direct
Footnotes: F3

EXFY transaction

Class A Common Stock

Tax liability

Transaction value: $11,254
Shares: -1,574
Change %: -1.6%
Price: $7.15
Shares after: 99,226
Date: 15 Jun 2023
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EXFY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,825
Change %: -3.8%
Price: $0.000000
Shares after: 70,633
Date: 15 Jun 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,825
Exercise price
Footnotes: F3, F4

EXFY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,825
Change %: -3.8%
Price: $0.000000
Shares after: 70,633
Date: 15 Jun 2023
Ownership: Direct
Underlying class: LT50 Common Stock
Underlying amount: 2,825
Exercise price
Footnotes: F4, F5

EXFY transaction Derivative

LT50 Common Stock

Options Exercise

Transaction value: $0
Shares: +2,825
Change %: +2.2%
Price: $0.000000
Shares after: 132,417
Date: 15 Jun 2023
Ownership: See note
Underlying class: Class A Common Stock
Underlying amount: 2,825
Exercise price
Footnotes: F5, F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP").

Footnote F2

Shares granted as matched shares pursuant to the SPMP.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.