Key facts
- This page summarizes Ryan Schaffer's Form 4 filing for Expensify, Inc. (EXFY).
- 8 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 22 Dec 2023, 09:03.
Ryan Schaffer - 15 Dec 2023 Form 4 Insider Report for Expensify, Inc. (EXFY)
- Reporting relationship
- Chief Financial Officer, Director
- Issuer ticker
- EXFY
- Reported as of
- 15 Dec 2023
- Net transaction value
- +$239
- SEC form
- 4
- Accepted by SEC
- 22 Dec 2023, 09:03:27 UTC
- Prior SEC filing
- 09 Nov 2023
- Next SEC filing
- 03 Jan 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ryan Schaffer, as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Ryan Schaffer filed Form 4 for Expensify, Inc. (EXFY) on 22 Dec 2023.
Change
- Previous filing in this sequence was filed on 09 Nov 2023.
- Current net transaction value: +$239.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
EXFY
transaction
Class A Common Stock
Award
- Transaction value
- $6,549
- Shares
- +2,609
- Change %
- +2.6%
- Price
- $2.51
- Shares after
- 103,661
- Date
- 15 Dec 2023
- Ownership
- Direct
- Footnotes
- F1
EXFY
transaction
Class A Common Stock
Award
- Transaction value
- $0
- Shares
- +948
- Change %
- +0.91%
- Price
- $0.000000
- Shares after
- 104,609
- Date
- 15 Dec 2023
- Ownership
- Direct
- Footnotes
- F2
EXFY
transaction
Class A Common Stock
Sale
- Transaction value
- $712
- Shares
- -292
- Change %
- -0.28%
- Price
- $2.44
- Shares after
- 104,317
- Date
- 15 Dec 2023
- Ownership
- Direct
- Footnotes
- F3, F4
EXFY
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +3,923
- Change %
- +3.8%
- Price
- Shares after
- 108,240
- Date
- 15 Dec 2023
- Ownership
- Direct
- Footnotes
- F5
EXFY
transaction
Class A Common Stock
Sale
- Transaction value
- $5,597
- Shares
- -2,423
- Change %
- -2.2%
- Price
- $2.31
- Shares after
- 105,817
- Date
- 19 Dec 2023
- Ownership
- Direct
- Footnotes
- F6, F7
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
- -3,923
- Change %
- -4.2%
- Price
- $0.000000
- Shares after
- 90,217
- Date
- 15 Dec 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,923
- Exercise price
- Footnotes
- F5, F8
EXFY
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -3,923
- Change %
- -4.2%
- Price
- $0.000000
- Shares after
- 90,217
- Date
- 15 Dec 2023
- Ownership
- Direct
- Underlying class
- LT50 Common Stock
- Underlying amount
- 3,923
- Exercise price
- Footnotes
- F8, F9
EXFY
transaction
Derivative
LT50 Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +3,923
- Change %
- +13%
- Price
- $0.000000
- Shares after
- 35,303
- Date
- 15 Dec 2023
- Ownership
- See note
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,923
- Exercise price
- Footnotes
- F9, F10, F11
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 11 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
Shares were sold solely to cover taxes for shares granted as matched shares under the SPMP.
Footnote F4
The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes for shares awarded under the SPMP for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $2.39 to $2.47, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F5
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 F6
Shares were sold solely to cover taxes upon the vesting of restricted stock units.
Footnote F7
The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of restricted stock units for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $2.28 to $2.34, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F8
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 F9
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 F10
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 F11
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.