Ryan Schaffer - 09 Nov 2021 Form 3 Insider Report for Expensify, Inc. (EXFY)

Role
Chief Financial Officer, Director
Signature
/s/ Ryan Schaffer
Issuer symbol
EXFY
Transactions as of
09 Nov 2021
Net transactions value
$0
Form type
3
Filing time
09 Nov 2021, 17:44:11 UTC
Next filing
16 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EXFY Class A Common Stock 180,030 09 Nov 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding EXFY LT10 Common Stock 09 Nov 2021 Class A Common Stock 498,090 See note F1, F2
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 1,610 $0.5300 Direct F3
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 10,320 $0.9700 Direct F4
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 4,930 $0.9700 Direct F5
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 15,910 $0.9700 Direct F6
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 369,880 $0.9700 Direct F7
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 4,540 $1.60 Direct F8
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 3,820 $1.60 Direct F9
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 1,230 $7.21 Direct F10
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 16,520 $7.21 Direct F11
holding EXFY Stock Option 09 Nov 2021 Class A Common Stock 6,880 $12.97 Direct F12
holding EXFY Restricted Stock Units 09 Nov 2021 Class A Common Stock 125,520 Direct F13, F14
holding EXFY Restricted Stock Units 09 Nov 2021 LT50 Common Stock 125,520 Direct F13, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 The stock option is fully vested and currently exercisable.
F4 Reflects remaining portion of the stock option that originally vested in 48 equal monthly installments beginning on November 30, 2018.
F5 Reflects remaining portion of the stock option that originally vested in 48 equal monthly installments beginning on March 1, 2019.
F6 The stock option vests in 48 equal monthly installments beginning on April 1, 2019.
F7 Reflects remaining portion of the stock option that originally vested in 72 equal monthly installments beginning on May 12, 2019.
F8 The stock option vests in 48 equal monthly installments beginning on April 1, 2020.
F9 The stock option vests in 48 equal monthly installments beginning on October 1, 2019.
F10 The stock option vests in 48 equal monthly installments beginning on February 1, 2021.
F11 The stock option vests in 48 equal monthly installments beginning on April 1, 2021.
F12 The stock option vests in 48 equal monthly installments beginning on October 16, 2021.
F13 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
F14 Each restricted stock unit represents the contingent right to receive one share of Class A common stock.
F15 Each restricted stock unit represents the contingent right to receive one share of LT50 common stock.

Remarks:

Exhibit 24 - Power of Attorney