Daniel Vidal - Nov 15, 2021 Form 3 Insider Report for Expensify, Inc. (EXFY)

Role
Director
Signature
/s/ Ryan Schaffer, as attorney-in-fact
Stock symbol
EXFY
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
3
Date filed
11/15/2021, 06:00 PM
Next filing
May 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EXFY Class A Common Stock 61.6K Nov 15, 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 Nov 15, 2021 Class A Common Stock 113K See note F1, F2
holding EXFY LT50 Common Stock Nov 15, 2021 Class A Common Stock 113K See note F2, F3
holding EXFY Stock Option Nov 15, 2021 Class A Common Stock 9.55K $0.97 Direct F4
holding EXFY Stock Option Nov 15, 2021 Class A Common Stock 152K $0.97 Direct F5
holding EXFY Stock Option Nov 15, 2021 Class A Common Stock 13.2K $1.60 Direct F6
holding EXFY Stock Option Nov 15, 2021 Class A Common Stock 1.69K $1.60 Direct F7
holding EXFY Stock Option Nov 15, 2021 Class A Common Stock 15.8K $1.60 Direct F8
holding EXFY Stock Option Nov 15, 2021 Class A Common Stock 6.12K $1.60 Direct F9
holding EXFY Stock Option Nov 15, 2021 Class A Common Stock 15.1K $7.21 Direct F10
holding EXFY Stock Option Nov 15, 2021 Class A Common Stock 2K $12.97 Direct F11
holding EXFY Stock Option Nov 15, 2021 Class A Common Stock 6.7K $12.97 Direct F12
holding EXFY Restricted Stock Units Nov 15, 2021 Class A Common Stock 90.4K Direct F13, F14
holding EXFY Restricted Stock Units Nov 15, 2021 LT50 Common Stock 90.4K 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 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.
F4 The stock option vests in 48 equal monthly installments beginning on April 1, 2019.
F5 Reflects remaining portion of the stock option that originally vested in 72 equal monthly installments beginning on May 12, 2019.
F6 The stock option vests in 48 equal monthly installments beginning on April 1, 2020.
F7 The stock option vests in 48 equal monthly installments beginning on August 1, 2019.
F8 The stock option vests in 48 equal monthly installments beginning on March 11, 2018.
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 April 1, 2021.
F11 The stock option vests in 48 equal monthly installments beginning on August 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 List: Exhibit 24 - Power of Attorney