Divo Carlos Eduardo Alvarez - 29 Dec 2025 Form 3 Insider Report for Expensify, Inc. (EXFY)

Role
Director
Signature
/s/ Ryan Schaffer, as attorney-in-fact
Issuer symbol
EXFY
Transactions as of
29 Dec 2025
Net transactions value
$0
Form type
3
Filing time
12 Jan 2026, 16:24:08 UTC
Next filing
12 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Alvarez Divo Carlos Eduardo Director C/O EXPENSIFY, INC., 88 KEARNY ST, STE 1600, SAN FRANCISCO /s/ Ryan Schaffer, as attorney-in-fact 12 Jan 2026 0002104456

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EXFY Class A Common Stock 328,072 29 Dec 2025 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 29 Dec 2025 Class A Common Stock 184,167 See note F1, F2
holding EXFY LT50 Common Stock 29 Dec 2025 Class A Common Stock 164,100 See note F2, F3
holding EXFY Stock Option 29 Dec 2025 Class A Common Stock 65,140 $0.9700 Direct F4
holding EXFY Stock Option 29 Dec 2025 Class A Common Stock 16,380 $7.21 Direct F4
holding EXFY Stock Option 29 Dec 2025 Class A Common Stock 6,540 $12.97 Direct F4
holding EXFY Restricted Stock Units 29 Dec 2025 Class A Common Stock 37,012 Direct F5, F6
holding EXFY Restricted Stock Units 29 Dec 2025 LT50 Common Stock 37,012 Direct F5, F7
* 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 is fully vested and currently exercisable.
F5 Reflects the remaining number of restricted stock units ("RSUs") that vested 12.5% on September 15, 2022 and began vesting 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th and September 15th.
F6 Each RSU represents the contingent right to receive one share of Class A common stock.
F7 Each RSU represents the contingent right to receive one share of LT50 common stock.