Expensify Insider Files Form 144 to Sell 7,105 Shares on 09/15/2025

Rhea-AI Filing Summary

This Form 144 for Expensify, Inc. (EXFY) notifies of a proposed sale of 7,105 Class A Common shares through Morgan Stanley Smith Barney LLC on 09/15/2025, with an aggregate market value listed as 13,499.5 and 80,549,275 shares outstanding. The filing lists acquisition details showing 4,872 shares from an SPMP purchase and 2,233 shares from RSU vesting, both dated 09/15/2025 and paid as compensation. It also discloses three sales by the same account in the past three months: 4,068 shares on 06/17/2025, 1,869 on 06/20/2025, and 1,387 on 08/20/2025, with gross proceeds reported for each. The signer attests there is no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider intends to sell a modest block of EXFY Class A shares; prior small sales occurred in the past three months.

The filing documents a proposed sale of 7,105 Class A shares via Morgan Stanley on 09/15/2025 and details acquisitions on the same date via SPMP purchase (4,872) and RSU vesting (2,233), both recorded as compensation. Previously reported sales total 7,324 shares across June and August 2025 with modest gross proceeds reported. From an investor-impact perspective, the sizes disclosed are small relative to the total outstanding shares (80.55 million), suggesting limited market impact. The filing is routine compliance with Rule 144 requirements and includes the required attestation about undisclosed material information.

Corporate Governance Expert

TL;DR: The disclosure follows Rule 144 protocol and shows ordinary insider liquidity events rather than material governance changes.

The notice identifies the seller relationship to Expensify and provides acquisition and payment details: both recent purchases/vesting and scheduled sales are recorded as compensation-related. The sequence of transactions—vesting/purchase followed by an intended sale—aligns with common executive compensation liquidity. There is no indication in the form of new governance actions, leadership changes, or claims of undisclosed adverse information. Documentation appears complete for a Form 144 submission.

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	7105	13499.5	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.			4872	09/15/2025	Compensation
Class A Common	09/15/2025	RSU Vesting	Expensify, Inc.			2233	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
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
Jason Mills 401 SW 5th Ave Portland OR 97204	Class A Common	08/20/2025	1387	2385.64

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 EXFY report?

The form reports a proposed sale of 7,105 Class A Common shares via Morgan Stanley on 09/15/2025, with acquisition dates and past three months' sales listed.

How many shares does the filer propose to sell and what is their aggregate market value?

The filer proposes to sell 7,105 shares with an aggregate market value shown as 13,499.5.

What acquisition events produced the shares being sold?

The filing shows 4,872 shares acquired via an SPMP purchase and 2,233 shares from RSU vesting, both dated 09/15/2025, with payment listed as compensation.

Has the filer sold EXFY shares recently?

Yes. The filer sold 4,068 shares on 06/17/2025, 1,869 shares on 06/20/2025, and 1,387 shares on 08/20/2025, with gross proceeds reported for each sale.

Who is the broker handling the proposed sale?

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