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

Role: 10%+ Owner
Signature: /s/ James G.B. DeMartini, III, Managing Member of Hillsven LLC
Issuer symbol: EXFY
Transactions as of: 09 Nov 2021
Net transactions value: $0
Form type: 3
Filing time: 09 Nov 2021, 17:45:12 UTC
Next filing: 16 Nov 2021
SEC: View on sec.gov

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

Type	Sym	Class	Date	Underlying Class	Amount	Ownership	Footnotes
holding	EXFY	Series A Convertible Preferred Stock	09 Nov 2021	Class A Common Stock	6,659,530	Direct	F1, F2
holding	EXFY	Series B Convertible Preferred Stock	09 Nov 2021	Class A Common Stock	3,270,280	Direct	F1, F2
holding	EXFY	Series B-1 Convertible Preferred Stock	09 Nov 2021	Class A Common Stock	487,100	Direct	F1, F2
holding	EXFY	Series C Convertible Preferred Stock	09 Nov 2021	Class A Common Stock	731,410	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Convertible Preferred Stock was initially convertible on a one-for-one basis into the Issuer's Class A Common Stock at any time at the holder's election and has no expiration date. The number of underlying shares of common stock reported in Column 3 gives effect to a 10-for-1 forward stock split effective as of October 27, 2021, pursuant to which each share of Convertible Preferred Stock became convertible into 10 shares of Class A Common Stock. The Convertible Preferred Stock will convert automatically upon closing of the Issuer's initial public offering.
F2	FBHR Associates, LLC is the manager of Hillsven, LLC and in such capacity may be deemed to share voting and investment power over such securities. James G.B. DeMartini, III, as trustee of Unameit Trust, is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share voting and investment power over such securities.

Content

Each share of Convertible Preferred Stock was initially convertible on a one-for-one basis into the Issuer's Class A Common Stock at any time at the holder's election and has no expiration date. The number of underlying shares of common stock reported in Column 3 gives effect to a 10-for-1 forward stock split effective as of October 27, 2021, pursuant to which each share of Convertible Preferred Stock became convertible into 10 shares of Class A Common Stock. The Convertible Preferred Stock will convert automatically upon closing of the Issuer's initial public offering.

FBHR Associates, LLC is the manager of Hillsven, LLC and in such capacity may be deemed to share voting and investment power over such securities. James G.B. DeMartini, III, as trustee of Unameit Trust, is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share voting and investment power over such securities.