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

Reporting relationship: Chief Financial Officer, Director
Issuer ticker: EXFY
Reported as of: 09 Nov 2021
Net transaction value: $0
SEC form: 3
Accepted by SEC: 09 Nov 2021, 17:44:11 UTC
Next SEC filing: 16 Nov 2021
Source filing: View source filing
Reporting owner signature: /s/ Ryan Schaffer

Key filing fact

Ryan Schaffer filed Form 3 for Expensify, Inc. (EXFY) on 09 Nov 2021.

Key facts

This page summarizes Ryan Schaffer's Form 3 filing for Expensify, Inc. (EXFY).
0 reported transactions and 13 derivative rows are listed below.
Accepted by SEC: 09 Nov 2021, 17:44.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

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

EXFY holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 180,030
Date: 09 Nov 2021
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EXFY holding Derivative

LT10 Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: See note
Underlying class: Class A Common Stock
Underlying amount: 498,090
Exercise price
Footnotes: F1, F2

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,610
Exercise price: $0.5300
Footnotes: F3

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 10,320
Exercise price: $0.9700
Footnotes: F4

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,930
Exercise price: $0.9700
Footnotes: F5

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 15,910
Exercise price: $0.9700
Footnotes: F6

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 369,880
Exercise price: $0.9700
Footnotes: F7

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,540
Exercise price: $1.60
Footnotes: F8

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,820
Exercise price: $1.60
Footnotes: F9

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,230
Exercise price: $7.21
Footnotes: F10

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 16,520
Exercise price: $7.21
Footnotes: F11

EXFY holding Derivative

Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 6,880
Exercise price: $12.97
Footnotes: F12

EXFY holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 125,520
Exercise price
Footnotes: F13, F14

EXFY holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 09 Nov 2021
Ownership: Direct
Underlying class: LT50 Common Stock
Underlying amount: 125,520
Exercise price
Footnotes: F13, F15

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 15 footnotes

Footnote 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.

Footnote 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.

Footnote F3

The stock option is fully vested and currently exercisable.

Footnote F4

Reflects remaining portion of the stock option that originally vested in 48 equal monthly installments beginning on November 30, 2018.

Footnote F5

Reflects remaining portion of the stock option that originally vested in 48 equal monthly installments beginning on March 1, 2019.

Footnote F6

The stock option vests in 48 equal monthly installments beginning on April 1, 2019.

Footnote F7

Reflects remaining portion of the stock option that originally vested in 72 equal monthly installments beginning on May 12, 2019.

Footnote F8

The stock option vests in 48 equal monthly installments beginning on April 1, 2020.

Footnote F9

The stock option vests in 48 equal monthly installments beginning on October 1, 2019.

Footnote F10

The stock option vests in 48 equal monthly installments beginning on February 1, 2021.

Footnote F11

The stock option vests in 48 equal monthly installments beginning on April 1, 2021.

Footnote F12

The stock option vests in 48 equal monthly installments beginning on October 16, 2021.

Footnote 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

Footnote F14

Each restricted stock unit represents the contingent right to receive one share of Class A common stock.

Footnote F15

Each restricted stock unit represents the contingent right to receive one share of LT50 common stock.

SEC remarks

Exhibit 24 - Power of Attorney

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