Expensify (EXFY) Insider Files Form 144 to Sell 14,961 Shares

Rhea-AI Filing Summary

Form 144 notice for Expensify, Inc. (EXFY) reports a proposed sale of 14,961 common shares through Morgan Stanley Smith Barney LLC on 09/19/2025, with an aggregate market value of $28,961.93 and 92,650,580 shares outstanding. The filer acquired most shares via the Employee Stock Purchase Plan on 09/12/2025 (14,279 shares, paid in cash) and 682 shares as restricted stock on 09/15/2025. The filing also discloses four sales by the same person in the past three months totaling 29,698 shares for gross proceeds of $58,391.06. The notice includes the required representation that the seller has no undisclosed material adverse information.

Positive

• Detailed acquisition data provided showing dates and payment methods for the 14,961 shares to be sold
• Broker identified (Morgan Stanley Smith Barney LLC) and an approximate sale date (09/19/2025) disclosed
• Prior sales disclosed for the past three months totaling 29,698 shares and $58,391.06, improving transparency

Negative

• Insider selling activity includes a proposed sale and recent disposals totaling 44,659 shares when combining planned and past three months' sales
• Aggregate market value of proposed sale is relatively small ($28,961.93) which may reflect limited liquidity impact but indicates immediate disposition of recently acquired shares

Insights

Securities Analyst

TL;DR Routine insider sale notice showing recent employee plan sales and planned disposition; activity is modest relative to total shares outstanding.

The filing documents a proposed sale of 14,961 common shares via Morgan Stanley Smith Barney with clear acquisition dates and payment methods: 14,279 from an Employee Stock Purchase Plan paid in cash and 682 as restricted stock. The disclosure of four prior sales totaling 29,698 shares and $58,391.06 in proceeds provides transparent recent trading history by the holder. For investors, this is a standard Form 144 notification rather than a corporate action or financial disclosure.

Compliance Officer

TL;DR The submission appears complete for Rule 144 requirements with broker and acquisition details documented.

The form names the executing broker, lists acquisition dates and payment nature, and reports recent sales within three months, addressing aggregation requirements. The seller has signed the statutory representation regarding material nonpublic information. No compliance exceptions or missing mandatory fields are evident in the provided content.

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
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	14961	28961.93	92650580	09/19/2025	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	09/12/2025	Employee Stock Purchase Plan	Issuer			14279	09/12/2025	Cash
Common	09/15/2025	Restricted Stock	Issuer			682	09/15/2025	Not Applicable

* 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	Common	09/18/2025	2486	4852.92
ANURADHA MURALIDHARAN 401 SW 5th Ave Portland OR 97204	Common	09/16/2025	409	777.55
ANURADHA MURALIDHARAN 401 SW 5th Ave Portland OR 97204	Common	08/27/2025	25245	49076.31
Anuradha Muralidharan 401 SW 5th Ave Portland OR 97204	Commom	08/20/2025	1558	2684.28

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 shares does the Form 144 for EXFY cover?

The notice covers 14,961 common shares of Expensify, Inc. to be sold on 09/19/2025 via Morgan Stanley Smith Barney LLC.

How were the shares being sold acquired?

The filer acquired 14,279 shares on 09/12/2025 through an Employee Stock Purchase Plan (paid in cash) and 682 shares on 09/15/2025 as restricted stock.

What is the aggregate market value reported for the proposed sale?

The aggregate market value is reported as $28,961.93 for the 14,961 shares.

Has the filer sold other EXFY shares recently?

Yes. The filer sold 29,698 shares in the past three months for total gross proceeds of $58,391.06 (individual sales on 08/20/2025, 08/27/2025, 09/16/2025, and 09/18/2025).

Which broker is handling the proposed sale?

The broker listed is Morgan Stanley Smith Barney LLC, 1 New York Plaza 8th Floor New York NY 10004.