Filing Details

Accession Number:
0001476840-23-000221
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-12-22 09:04:10
Reporting Period:
2023-12-15
Accepted Time:
2023-12-22 09:04:10
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1476840 Expensify Inc. EXFY Services-Prepackaged Software (7372) 270239450
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1891077 Anuradha Muralidharan C/O Expensify, Inc. 401 Sw 5Th Ave
Portland OR 97204
Chief Operating Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-12-15 1 $2.51 55,377 No 4 A Direct
Class A Common Stock Acquisiton 2023-12-15 1,395 $0.00 56,772 No 4 A Direct
Class A Common Stock Disposition 2023-12-15 584 $2.44 56,188 No 4 S Direct
Class A Common Stock Acquisiton 2023-12-15 3,168 $0.00 59,356 No 4 M Direct
Class A Common Stock Disposition 2023-12-19 2,659 $2.31 56,697 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 A Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2023-12-15 3,168 $0.00 3,168 $0.00
Lt50 Common Stock Restricted Stock Units Disposition 2023-12-15 3,168 $0.00 3,168 $0.00
Class A Common Stock LT50 Common Stock Acquisiton 2023-12-15 3,168 $0.00 3,168 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
72,874 2029-12-15 No 4 M Direct
72,874 2029-12-15 No 4 M Direct
118,366 No 4 M Indirect
Footnotes
  1. Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP").
  2. Shares granted as matched shares pursuant to the SPMP.
  3. Shares were sold solely to cover taxes for shares granted as matched shares under the SPMP.
  4. 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 for shares awarded under the SPMP for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $2.39 to $2.47, 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.
  5. Each restricted stock unit 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.
  6. Shares were sold solely to cover taxes upon the vesting of restricted stock units.
  7. 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 restricted stock units for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $2.28 to $2.34, 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.
  8. 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.
  9. Each 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.
  10. 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.
  11. 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.