Expensify (EXFY) Form 144 Reports 1,050-Share Sale; Prior 9,000-Share Disposal Disclosed

Rhea-AI Filing Summary

This Form 144 for Expensify, Inc. (EXFY) notifies a proposed sale of 1,050 Class A common shares through Morgan Stanley Smith Barney LLC on 08/20/2025. The filing shows those 1,050 shares were acquired on 08/19/2025 via an SPMP contribution from Expensify, Inc. with payment characterized as compensation. The filing also discloses four sales by Daniel Vidal during the past three months: 909 shares on 05/30/2025 for $2,017.98; 3,354 shares on 06/17/2025 for $7,647.12; 1,582 shares on 06/20/2025 for $3,512.04; and 9,000 shares on 08/01/2025 for $17,550. The form includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Required disclosures provided: The filing lists broker, share class, exact share counts, and approximate sale date as required under Rule 144.
• Recent transactions disclosed: Prior sales by the seller over the past three months are itemized with dates and gross proceeds, increasing transparency.

Negative

• Same-day acquisition and sale timing: The 1,050 shares were acquired on 08/19/2025 and proposed for sale on 08/20/2025, a rapid turnaround that may draw investor attention.
• Substantial recent disposals: The seller reported a 9,000-share sale on 08/01/2025, which is a material volume of recent insider-related selling activity disclosed in the filing.

Insights

Securities Compliance Analyst

TL;DR: Filing properly discloses a proposed sale of 1,050 shares and several recent transactions, meeting Rule 144 reporting requirements.

The notice identifies the broker, the class of security, the number of shares proposed for sale, the broker-dealer, and the approximate sale date, consistent with Rule 144 procedure. It also lists multiple recent sales by the selling person, including dates and gross proceeds, and specifies the acquisition method (SPMP contribution) and payment nature (compensation). From a compliance perspective, the form contains the standard seller representation regarding material nonpublic information.

Corporate Governance Specialist

TL;DR: Rapid acquisition-to-sale timing and sizable near-term disposals are disclosed; these are facts investors may note but not a regulatory breach.

The record shows the 1,050 shares were acquired on 08/19/2025 and a sale is proposed for 08/20/2025, and that the seller executed multiple sales in the preceding three months including a 9,000-share sale on 08/01/2025. These disclosures are relevant to shareholder activity and insider liquidity but reflect disclosed transactions rather than governance violations. The filer affirms no undisclosed material adverse information.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza New York NY 10004	1050	1806	80549275	08/20/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	08/19/2025	SPMP Contribution	Expensify, Inc.			1050	08/19/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Daniel Vidal 401 SW 5th Ave Portland OR 97204	Class A Common	05/30/2025	909	2017.98
Daniel Vidal 401 SW 5th Ave Portland OR 97204	Class A Common	06/17/2025	3354	7647.12
Daniel Vidal 401 SW 5th Ave Portland OR 97204	Class A Common	06/20/2025	1582	3512.04
Daniel Vidal 401 SW 5th Ave Portland OR 97204	Class A Common	08/01/2025	9000	17550

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for EXFY disclose?

The form discloses a proposed sale of 1,050 Class A common shares through Morgan Stanley Smith Barney LLC on 08/20/2025, acquisition of those shares on 08/19/2025 via SPMP contribution, and recent sales by the seller.

Who is the broker handling the proposed EXFY sale?

The proposed sale lists Morgan Stanley Smith Barney LLC as the broker with address at 1 New York Plaza, New York, NY 10004.

What recent EXFY sales by the seller are reported?

Reported sales: 909 shares on 05/30/2025 for $2,017.98; 3,354 shares on 06/17/2025 for $7,647.12; 1,582 shares on 06/20/2025 for $3,512.04; and 9,000 shares on 08/01/2025 for $17,550.

How were the 1,050 EXFY shares acquired?

The filing states they were acquired on 08/19/2025 by SPMP contribution from Expensify, Inc. and the nature of payment is listed as compensation.

Does the filer assert any undisclosed material information?

Yes. By signing the notice the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.