EXFY Rule 144 Notice—1,387 Class A Shares to Be Sold Aug 20, 2025

Rhea-AI Filing Summary

Expensify, Inc. (EXFY) Rule 144 notice shows a proposed sale of 1,387 Class A common shares through Morgan Stanley Smith Barney on 08/20/2025 with an aggregate market value of $2,385.64. The filing reports the shares were acquired on 08/19/2025 from Expensify, Inc. as an SPMP contribution and paid as compensation. It also discloses three prior sales by the same beneficial owner in the past three months: 821 shares on 05/30/2025 for $1,822.62, 4,068 shares on 06/17/2025 for $9,275.04, and 1,869 shares on 06/20/2025 for $4,149.18. The filing states there is no known undisclosed material adverse information.

Positive

• Compliance disclosure appears complete: broker, acquisition method, payment nature, planned sale date and past three months' sales are all reported
• Transaction size is immaterial relative to the reported outstanding shares (1,387 vs 80,549,275)

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine Form 144 notice for a small number of shares acquired as compensation and scheduled for resale through a broker on a stated date.

The filing documents a standard Rule 144 notice: 1,387 Class A shares acquired 08/19/2025 via an SPMP contribution and designated for sale on 08/20/2025 through Morgan Stanley Smith Barney. The aggregate market value reported is $2,385.64, a de minimis amount relative to the issuer's outstanding shares of 80,549,275. The filing also discloses recent dispositions by the same beneficial owner totaling 6,758 shares across three transactions, with gross proceeds documented. This appears procedural to comply with resale notice requirements and includes the required certification about undisclosed material information.

Corporate Governance Specialist

TL;DR: Filing reflects insider/affiliate sales activity and compliance with Rule 144 documentation; amounts are immaterial to cap table.

The submission lists the broker, planned sale date, acquisition details (SPMP contribution from the issuer), and the payment as compensation. The disclosed outstanding share count (80,549,275) provides context showing the proposed sale and recent sales are immaterial to overall equity. The statement attesting to absence of undisclosed material adverse information is present, as required. No other governance actions or material corporate events are reported in this notice.

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	1387	2385.64	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.			1387	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
Jason Mills 401 SW 5th Ave Portland OR 97204	Class A Common	05/30/2025	821	1822.62
Jason Mills 401 SW 5th Ave Portland OR 97204	Class A Common	06/17/2025	4068	9275.04
Jason Mills 401 SW 5th Ave Portland OR 97204	Class A Common	06/20/2025	1869	4149.18

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 for Expensify, Inc. (EXFY) report?

The Form 144 reports a proposed sale of 1,387 Class A common shares to be executed on 08/20/2025 through Morgan Stanley Smith Barney with an aggregate market value of $2,385.64.

How and when were the 1,387 shares acquired according to the filing?

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

Does the filing disclose recent sales by the same person?

Yes. It discloses three sales in the past three months: 821 shares on 05/30/2025 for $1,822.62, 4,068 shares on 06/17/2025 for $9,275.04, and 1,869 shares on 06/20/2025 for $4,149.18.

Who is the broker handling the proposed sale?

The broker named in the filing is Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza, New York, NY.

How many Class A shares does Expensify report outstanding in this filing?

The filing reports 80,549,275 shares outstanding.