| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | EXFY | Class A Common Stock | Conversion of derivative security | +1.49M | +257.4% | 2.06M | Jun 14, 2024 | See note | F1, F2 | ||
| transaction | EXFY | Class A Common Stock | Sale | -$24.5K | -17.7K | -0.86% | $1.38 | 2.04M | Jun 14, 2024 | See note | F2, F3, F4 |
| transaction | EXFY | Class A Common Stock | Award | $1.35 | +1 | +0% | $1.35 | 134K | Jun 14, 2024 | Direct | F5 |
| transaction | EXFY | Class A Common Stock | Award | $0 | +81.6K | +61.06% | $0.00 | 215K | Jun 14, 2024 | Direct | F6 |
| transaction | EXFY | Class A Common Stock | Options Exercise | +14.5K | +6.72% | 230K | Jun 15, 2024 | Direct | F7 | ||
| transaction | EXFY | Class A Common Stock | Sale | -$14.8K | -11.1K | -4.82% | $1.34 | 219K | Jun 17, 2024 | Direct | F8, F9 |
| transaction | EXFY | Class A Common Stock | Sale | -$24.6K | -17.9K | -0.88% | $1.37 | 2.03M | Jun 17, 2024 | See note | F2, F3, F10 |
| transaction | EXFY | Class A Common Stock | Sale | -$24.3K | -18.7K | -0.92% | $1.30 | 2.01M | Jun 18, 2024 | See note | F2, F3, F11 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | EXFY | LT10 Common Stock | Conversion of derivative security | $0 | -1.49M | -41.26% | $0.00 | 2.11M | Jun 14, 2024 | Class A Common Stock | 1.49M | See note | F2, F12, F13 | |
| transaction | EXFY | Restricted Stock Units | Options Exercise | $0 | -14.5K | -4.55% | $0.00 | 304K | Jun 15, 2024 | Class A Common Stock | 14.5K | Direct | F7, F14 | |
| transaction | EXFY | Restricted Stock Units | Options Exercise | $0 | -14.5K | -4.55% | $0.00 | 304K | Jun 15, 2024 | LT50 Common Stock | 14.5K | Direct | F14, F15 | |
| transaction | EXFY | LT50 Common Stock | Options Exercise | $0 | +14.5K | +10% | $0.00 | 159K | Jun 15, 2024 | Class A Common Stock | 14.5K | See note | F13, F15, F16 | |
| holding | EXFY | LT50 Common Stock | 3.58M | Jun 14, 2024 | Class A Common Stock | 3.58M | See note | F2, F13, F16 |
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).
| Id | Content |
|---|---|
| F1 | LT10 Common Stock converted into Class A Common Stock on a one-for-one basis. |
| F2 | By Barrett Trust LLC, a manager-managed limited liability company. The investment and voting decisions of Barrett Trust LLC are made by its manager, the Reporting Person, and its controlling member is the Barrett Family Trust, for which the Reporting Person serves as trustee. |
| F3 | These transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2023. No other transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.35 to $1.42, 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. |
| F5 | Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP"). |
| F6 | Shares granted as matched shares pursuant to the SPMP. |
| F7 | Each restricted stock unit ("RSU") 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. |
| F8 | Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon the vesting of RSUs for certain employees of the Issuer. |
| F9 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.32 to $1.39, 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. |
| F10 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.34 to $1.40, 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. |
| F11 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.27 to $1.32, 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. |
| F12 | The LT10 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 10 months. The LT10 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. |
| F13 | 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. |
| F14 | The RSUs vest 12.5% on September 15, 2022 and 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th, and September 15th. |
| F15 | Each RSU 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. |
| F16 | 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. |