EXFY Rule 144 Filing: 25,245 Shares to Be Sold via Morgan Stanley

Rhea-AI Filing Summary

Expensify, Inc. (EXFY) Form 144 records a proposed sale of 25,245 common shares, with an aggregate market value of $49,076.30, to be sold approximately on 08/27/2025 through Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists the seller as Anuradha Muralidharan and shows recent acquisitions including restricted stock dated 12/02/2024 and employee stock purchase plan shares acquired 06/14/2023 (23,247 shares, paid in cash). The form also discloses multiple small sales by the same person in the prior three months (most recently 1,558 shares on 08/20/2025). The filer certifies no undisclosed material adverse information.

Positive

• Transaction routed through a reputable broker (Morgan Stanley Smith Barney LLC), which supports orderly execution and compliance.
• Acquisitions are documented (restricted stock and ESPP), showing lawful provenance of shares to be sold.

Negative

• Insider sale disclosed: 25,245 shares proposed for sale, which is an observable insider liquidity event.
• Recent small disposals by the same person in the prior three months are shown, indicating ongoing selling activity.

Insights

Securities Analyst

TL;DR: Insider proposes to sell a modest block of shares via Rule 144; transaction appears routine and executed through a major broker.

The proposed sale of 25,245 shares valued at $49,076.30 is documented under Rule 144 and will be routed through Morgan Stanley Smith Barney LLC. The filing lists prior acquisitions by the seller including restricted stock and ESPP shares, and several small disposals in the past three months. For investors, this is a disclosure of insider liquidity rather than a corporate operational development; the size of the sale relative to the issuer's outstanding shares (92,650,580) is small.

Compliance/Corporate Governance Expert

TL;DR: Form 144 is procedural and affirms the seller's representation of no undisclosed material information.

The submission follows Rule 144 reporting conventions: it identifies the broker, the class and amount of securities, acquisition dates and methods (restricted stock and ESPP), and recent sales history. The signature/representation language reiterates the seller's attestation regarding material information and any 10b5-1 plan status. No governance irregularities or regulatory flags are apparent from the content provided.

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

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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	25245	49076.30	92650580	08/27/2025	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 *
Common	12/02/2024	Restricted Stock	Issuer			1998	12/02/2024	Not Applicable
Common	06/14/2023	Employee Stock Purchase Plan	Issuer			23247	06/14/2023	Cash

* 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
Anuradha Muralidharan 401 SW 5th Ave Portland OR 97204	Commom	08/20/2025	1558	2684.28
Anuradha Muralidharan 401 SW 5th Ave Portland OR 97204	Commom	06/18/2025	2566	5697.80
Anuradha Muralidharan 401 SW 5th Ave Portland OR 97204	Commom	06/17/2025	521	1188.14
Anuradha Muralidharan 401 SW 5th Ave Portland OR 97204	Commom	05/30/2025	90	199.81

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 Form 144 for EXFY disclose?

It discloses a proposed sale of 25,245 common shares of Expensify, Inc., with aggregate market value of $49,076.30, to be sold around 08/27/2025 through Morgan Stanley Smith Barney LLC.

Who is the seller named in the Form 144 filing for EXFY?

The seller is listed as Anuradha Muralidharan, with a residential address shown on the form.

How were the shares being sold acquired according to the filing?

Acquisitions include restricted stock dated 12/02/2024 and shares from an Employee Stock Purchase Plan on 06/14/2023 (23,247 shares, paid in cash).

Does the filing show recent sales by the same person?

Yes. The form lists multiple sales in the past three months, including 1,558 shares sold on 08/20/2025 and prior sales in June and May 2025.

What exchange will the sale occur on?

The sale is expected to occur on NASDAQ as indicated in the securities table.