Ryan Schaffer - 13 Jun 2025 Form 4 Insider Report for Expensify, Inc. (EXFY)

Reporting relationship: Chief Financial Officer, Director
Issuer ticker: EXFY
Reported as of: 13 Jun 2025
Net transaction value: +$15,007
SEC form: 4
Accepted by SEC: 18 Jun 2025, 20:49:58 UTC
Prior SEC filing: 05 Jun 2025
Next SEC filing: 24 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Ryan Schaffer

Key filing fact

Ryan Schaffer filed Form 4 for Expensify, Inc. (EXFY) on 18 Jun 2025.

Key facts

This page summarizes Ryan Schaffer's Form 4 filing for Expensify, Inc. (EXFY).
7 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 18 Jun 2025, 20:49.

Change

Previous filing in this sequence was filed on 05 Jun 2025.
Current net transaction value: +$15,007.

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

Reporting Owners (1)

CIK 0001891061 Primary reporting owner

Schaffer Ryan

Relationship: Chief Financial Officer, Director
Address: C/O EXPENSIFY, INC., 401 SW 5TH AVE, PORTLAND
Signature: /s/ Ryan Schaffer
Signature date: 18 Jun 2025

Reported non-derivative transactions

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

EXFY transaction

Class A Common Stock

Award

Transaction value: $19,300
Shares: +8,428
Change %: +5.4%
Price: $2.29
Shares after: 164,576
Date: 13 Jun 2025
Ownership: Direct
Footnotes: F1

EXFY transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +5,382
Change %: +3.3%
Price: $0.000000
Shares after: 169,958
Date: 13 Jun 2025
Ownership: Direct
Footnotes: F2

EXFY transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +3,923
Change %: +2.3%
Price
Shares after: 173,881
Date: 15 Jun 2025
Ownership: Direct
Footnotes: F3

EXFY transaction

Class A Common Stock

Sale

Transaction value: $4,293
Shares: -1,883
Change %: -1.1%
Price: $2.28
Shares after: 171,998
Date: 17 Jun 2025
Ownership: Direct
Footnotes: F4, F5

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 %: -5.6%
Price: $0.000000
Shares after: 66,682
Date: 15 Jun 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,923
Exercise price
Footnotes: F3, F6

EXFY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,923
Change %: -5.6%
Price: $0.000000
Shares after: 66,682
Date: 15 Jun 2025
Ownership: Direct
Underlying class: LT50 Common Stock
Underlying amount: 3,923
Exercise price
Footnotes: F6, F7

EXFY transaction Derivative

LT50 Common Stock

Options Exercise

Transaction value: $0
Shares: +3,923
Change %: +7.1%
Price: $0.000000
Shares after: 58,838
Date: 15 Jun 2025
Ownership: See note
Underlying class: Class A Common Stock
Underlying amount: 3,923
Exercise price
Footnotes: F7, F8, F9

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 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 ("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.

Footnote F4

Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes for shares awarded under the SPMP for certain employees of the Issuer.

Footnote F5

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 granted as matched shares under the SPMP for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $2.23 to $2.32, 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 F6

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.

Footnote F7

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.

Footnote F8

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 F9

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.