Divo Carlos Eduardo Alvarez - 30 Dec 2025 Form 4 Insider Report for Expensify, Inc. (EXFY)

Role
Director
Signature
/s/ Ryan Schaffer, as attorney-in-fact
Issuer symbol
EXFY
Transactions as of
30 Dec 2025
Net transactions value
-$13,507
Form type
4
Filing time
12 Jan 2026, 18:14:02 UTC
Previous 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
transaction EXFY Class A Common Stock Sale $3,751 -2,468 -0.75% $1.52 325,604 30 Dec 2025 Direct F1, F2
transaction EXFY Class A Common Stock Sale $9,756 -6,504 -2% $1.50 319,100 31 Dec 2025 Direct F3, F4
transaction EXFY Class A Common Stock Other -20,441 -6.4% 298,659 31 Dec 2025 Direct F5
transaction EXFY Class A Common Stock Other -7,839 -2.6% 290,820 04 Jan 2026 Direct F6
transaction EXFY Class A Common Stock Other -5,312 -1.8% 285,508 05 Jan 2026 Direct F7

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
transaction EXFY LT10 Common Stock Other +20,441 +11% 204,608 31 Dec 2025 Class A Common Stock 20,441 See note F5, F8, F9
transaction EXFY LT10 Common Stock Other +7,839 +3.8% 212,447 04 Jan 2026 Class A Common Stock 7,839 See note F6, F8, F9
transaction EXFY LT10 Common Stock Other +5,312 +2.5% 217,759 05 Jan 2026 Class A Common Stock 5,312 See note F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon the vesting of restricted stock units ("RSU") for certain employees of the Issuer.
F2 The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.53, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon vesting of RSUs, which vested immediately on the grant date, for certain employees of the Issuer.
F4 The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs, which vested immediately on the grant date, for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $1.49 to $1.52, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The Reporting Person exchanged 20,441 shares of Class A Common Stock for 20,441 shares of LT10 Common Stock in an Exchange, as defined in and pursuant to the Issuer's Amended and Restated Certificate of Incorporation.
F6 The Reporting Person exchanged 7,839 shares of Class A Common Stock for 7,839 shares of LT10 Common Stock in an Exchange, as defined in and pursuant to the Issuer's Amended and Restated Certificate of Incorporation.
F7 The Reporting Person exchanged 5,312 shares of Class A Common Stock for 5,312 shares of LT10 Common Stock in an Exchange, as defined in and pursuant to the Issuer's Amended and Restated Certificate of Incorporation.
F8 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.
F9 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.