Key facts
- This page summarizes Ryan Schaffer's Form 4 filing for Expensify, Inc. (EXFY).
- 3 reported transactions and 1 derivative row are listed below.
- Filing timestamp: 03 Jan 2024, 20:13.
Ryan Schaffer - 29 Dec 2023 Form 4 Insider Report for Expensify, Inc. (EXFY)
- Signature
- /s/ Ryan Schaffer
- Issuer symbol
- EXFY
- Transactions as of
- 29 Dec 2023
- Net transaction value
- -$6,120
- Form type
- 4
- Filing time
- 03 Jan 2024, 20:13:19 UTC
- Previous filing
- 22 Dec 2023
- Next filing
- 14 Mar 2024
- SEC filing
- View on sec.gov
Reporting owner
Issuer context
Transaction snapshot
SEC evidence
Key filing fact
Ryan Schaffer filed Form 4 for Expensify, Inc. (EXFY) on 03 Jan 2024.
Change
- Previous filing in this sequence was filed on 22 Dec 2023.
- Current net transaction value: -$6,120.
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
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported transactions
EXFY
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $3,880
- Shares
- +4,000
- Change %
- +3.8%
- Price
- $0.9700
- Shares after
- 109,817
- Date
- 29 Dec 2023
- Ownership
- Direct
- Footnotes
- F1
EXFY
transaction
Class A Common Stock
Sale
- Transaction value
- $10,000
- Shares
- -4,000
- Change %
- -3.6%
- Price
- $2.50
- Shares after
- 106,817
- Date
- 29 Dec 2023
- Ownership
- Direct
- Footnotes
- F1, F2
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
EXFY
transaction
Derivative
Stock Option
Options Exercise
- Transaction value
- $0
- Shares
- -4,000
- Change %
- -1.2%
- Price
- $0.000000
- Shares after
- 320,283
- Date
- 29 Dec 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,000
- Exercise price
- $0.9700
- Footnotes
- F1, F3
* indicates a reported price that failed the local validity check.
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 16, 2023. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.46 to $2.57, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote to this Form 4. |
| F3 | Reflects remaining portion of the stock option that originally vested in 72 equal monthly installments beginning on May 12, 2019. |