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Expensify insider files Form 144 to sell 1,558 Class A shares on NASDAQ

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Expensify, Inc. (EXFY) Form 144 reports a proposed sale of 1,558 shares of Class A common stock through Morgan Stanley Smith Barney LLC on NASDAQ, with an aggregate market value of $2,679.76 and an approximate sale date of 08/20/2025. The filing shows these 1,558 shares were acquired on 08/19/2025 from Expensify, Inc. as compensation. The filer previously sold 90 shares for $199.80 on 05/30/2025, 521 shares for $1,187.88 on 06/17/2025, and 2,566 shares for $5,696.52 on 06/20/2025. The notice includes the signers representation that no undisclosed material adverse information about the issuer is known.

Positive

  • Regulatory compliance: The filer provided required acquisition and sale details consistent with Rule 144 notice requirements.

Negative

  • None.

Insights

TL;DR: Routine insider resale notice for recently acquired compensation shares; disclosure aligns with Rule 144 requirements.

The filing documents a proposed sale of 1,558 Class A shares acquired as compensation the prior day and scheduled to be sold via Morgan Stanley on NASDAQ. The notice includes recent open-market sales by the same person in May and June, indicating ongoing disposition activity. From a compliance perspective, the form appears to provide required acquisition, sale, broker, and aggregate value details and the signer attests to absence of undisclosed material adverse information.

TL;DR: Small-volume planned sale relative to typical market-cap considerations; informational but not material to valuation.

The proposed disposition totals 1,558 shares with an aggregate market value of $2,679.76. Prior three-month sales listed total 3,177 shares with combined gross proceeds of $7,084.20. These amounts are modest in absolute terms and likely immaterial to the companys overall market capitalization. The disclosure is useful for tracking insider selling patterns but does not, by itself, represent a material corporate development.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does the Form 144 filed for EXFY disclose?

It discloses a proposed sale of 1,558 Class A common shares via Morgan Stanley on NASDAQ with an aggregate value of $2,679.76 and an approximate sale date of 08/20/2025.

When were the 1,558 shares acquired according to the filing?

The filing states the shares were acquired on 08/19/2025 from Expensify, Inc. as compensation.

Does the filing show recent sales by the same person?

Yes. The filer sold 90 shares on 05/30/2025 for $199.80, 521 shares on 06/17/2025 for $1,187.88, and 2,566 shares on 06/20/2025 for $5,696.52.

Through which broker will the proposed sale be executed?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC, address listed as 1 New York Plaza, New York, NY.

Does the filer state any undisclosed material information about EXFY?

The signer represents that they do not know of any material adverse information about the issuer that has not been publicly disclosed.
Expensify, Inc.

NASDAQ:EXFY

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109.79M
60.52M
Software - Application
Services-prepackaged Software
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United States
SAN FRANCISCO