SEC Form 4 · accession 0001892682-26-000019
Expensify, Inc. · EXFY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Michael Barrett
Officer — Chief Executive Officer · Director
Period of report
Mar 13, 2026
Accepted (ET)
Jun 11, 2026 · 6:58 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001476840
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 13, 2026 | A | 6,920 | $0.00 | A | 219,487 | D | |
| Class A Common StockF2 | Mar 15, 2026 | M | 14,463 | — | A | 233,950 | D | |
| Class A Common StockF3,F4 | Mar 17, 2026 | S | 2,692 | $0.76 | D | 231,258 | D | |
| Class A Common StockF5,F6 | Mar 24, 2026 | S | 10,114 | $0.84 | D | 221,144 | D | |
| Class A Common StockF7 | holding | — | — | — | 1,228,480 | I | See note |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F8 | — | Mar 15, 2026 | M | 14,463 | D | — | Dec 15, 2029 | Class A Common Stock | 14,463 | 202,484 | D |
| Restricted Stock UnitsF9,F8 | — | Mar 15, 2026 | M | 14,463 | D | — | Dec 15, 2029 | LT50 Common Stock | 14,463 | 202,484 | D |
| LT50 Common StockF11,F9,F10 | — | Mar 15, 2026 | M | 14,463 | A | — | — | Class A Common Stock | 14,463 | 260,336 | I |
| LT50 Common StockF7,F11,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 3,583,249 | 3,583,249 | I |
Explanation of responses
- F1Shares granted as matched shares pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP").
- F10The 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.
- F11Deposited 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.
- F2Each restricted stock unit ("RSU") represents the contingent right to receive one share of Class A common stock. This transaction represents the settlement of vested RSUs in shares of Class A Common Stock.
- F3Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes for shares granted as matched shares under the SPMP for certain employees of the Issuer.
- F4The 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 for shares granted as matched shares under the SPMP for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $0.74 to $0.78, 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.
- F5Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon the vesting of RSUs for certain employees of the Issuer.
- F6The 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 $0.82 to $0.86, 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.
- F7By Barrett Trust LLC, a manager-managed limited liability company. The investment and voting decisions of Barrett Trust LLC are made by its manager, the Reporting Person, and its controlling member is the Barrett Family Trust, for which the Reporting Person serves as trustee.
- F8The 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.
- F9Each restricted stock unit represents the contingent right to receive one share of LT50 common stock. This transaction represents the settlement of vested RSUs in shares of LT50 Common Stock.