Hillsven LLC - Nov 9, 2021 Form 3 Insider Report for Expensify, Inc. (EXFY)

Role: 10%+ Owner
Signature: /s/ James G.B. DeMartini, III, Managing Member of Hillsven LLC
Stock symbol: EXFY
Transactions as of: Nov 9, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/9/2021, 05:45 PM
Next filing: Nov 16, 2021

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	Nov 9, 2021	Class A Common Stock	6.66M	Direct	F1, F2
holding	EXFY	Series B Convertible Preferred Stock	Nov 9, 2021	Class A Common Stock	3.27M	Direct	F1, F2
holding	EXFY	Series B-1 Convertible Preferred Stock	Nov 9, 2021	Class A Common Stock	487K	Direct	F1, F2
holding	EXFY	Series C Convertible Preferred Stock	Nov 9, 2021	Class A Common Stock	731K	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.