EXFY insider sale notice: 3,470 shares via Morgan Stanley on 09/15/2025

Rhea-AI Filing Summary

Expensify, Inc. (EXFY) Form 144 records a proposed sale of 3,470 Class A common shares through Morgan Stanley Smith Barney on 09/15/2025, with an aggregate market value of $6,593. The filing shows those shares were acquired the same day: 405 via SPMP purchase and 3,065 from RSU vesting, both listed as compensation. The filer also disclosed four prior sales in the past three months totaling 29,890 shares for gross proceeds of $55,539.46. The notice includes the mandatory representation that no undisclosed material adverse information is known.

Positive

• Securities were acquired as compensation (SPMP purchase and RSU vesting), which can simplify reporting and transferability
• Filer provided full past three-month sales history, enhancing transparency about recent insider dispositions

Negative

• Filer intends to sell shares (3,470 planned on 09/15/2025), indicating insider liquidity into the market
• Multiple recent sales in the past three months totaling 29,890 shares for $55,539.46, which may be notable to observers tracking insider selling activity

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice reporting a small, compensation-based sale and multiple recent dispositions by the same person.

The Form 144 is procedural: it identifies a proposed 3,470-share sale to be executed through Morgan Stanley Smith Barney and documents that the shares were acquired as compensation on the same date they are slated for sale. The filing lists earlier sales on 06/17/2025, 06/20/2025, 08/20/2025, and 08/27/2025 totaling 29,890 shares and $55,539.46 gross proceeds, which is relevant to assessing recent insider liquidity. No additional company operational or financial data is provided.

Corporate Governance Expert

TL;DR: Standard insider reporting under Rule 144 showing compensation-related acquisitions and scheduled resale; no governance exceptions noted.

The filing discloses acquisitions labeled as SPMP purchase and RSU vesting and confirms sales will be aggregated per Rule 144 requirements. The signature statement affirms absence of undisclosed material adverse information. There are no indications of policy deviations, trading-plan disclosures, or contested governance actions in the form text 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
Class A Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza New York NY 10004	3470	6593	80549275	09/15/2025	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	09/15/2025	SPMP Purchase	Expensify, Inc.			405	09/15/2025	Compensation
Class A Common	09/15/2025	RSU Vesting	Expensify, Inc.			3065	09/15/2025	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
Anu Muralidharan 401 SW 5th Ave Portland OR 97204	Class A Common	06/17/2025	521	1187.88
Anu Muralidharan 401 SW 5th Ave Portland OR 97204	Class A Common	06/20/2025	2566	5696.52
Anu Muralidharan 401 SW 5th Ave Portland OR 97204	Class A Common	08/20/2025	1558	2679.76
Anu Muralidharan 401 SW 5th Ave Portland OR 97204	Class A Common	08/27/2025	25245	48975.3

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 Expensify's (EXFY) Form 144 report?

The form reports a proposed sale of 3,470 Class A common shares through Morgan Stanley Smith Barney on 09/15/2025, aggregate market value $6,593.

How were the 3,470 shares acquired?

The filing shows acquisition on 09/15/2025: 405 shares via SPMP purchase and 3,065 shares from RSU vesting, both listed as compensation.

Has the filer sold shares recently?

Yes. The filer disclosed four sales on 06/17/2025, 06/20/2025, 08/20/2025, and 08/27/2025 totaling 29,890 shares for gross proceeds of $55,539.46.

Through which broker will the sale be executed?

The proposed sale is listed to be executed through Morgan Stanley Smith Barney LLC at the New York address provided.

Does the filer assert any undisclosed material information?

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