EXFY Insider Notice: 5,550 Class A Shares Scheduled for Sale on 09/15/2025

Rhea-AI Filing Summary

Form 144 notice for Expensify, Inc. (EXFY) reports a proposed sale of 5,550 Class A common shares through Morgan Stanley Smith Barney on 09/15/2025. The filing lists the issuer's outstanding shares as 80,549,275 and an aggregate market value shown as 10,545. The shares to be sold were acquired on 09/15/2025 as compensation: 2,182 via SPMP purchase and 3,368 from RSU vesting. The filer also disclosed three prior sales in the past three months by Ryan Schaffer totaling 5,886 shares with gross proceeds of $12,622.80. The notice includes the standard signature representation about absence of undisclosed material adverse information.

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice showing insider/recipient selling shares received as compensation; disclosure aligns with required form details.

The filing documents a proposed sale under Rule 144 of 5,550 Class A shares scheduled for 09/15/2025 and identifies acquisition as compensation (SPMP purchase and RSU vesting) on the same date. It lists recent sales by the same individual totaling 5,886 shares with gross proceeds of $12,622.80. The filing includes the required certification that no material nonpublic information is known. From a compliance perspective, the form contains the necessary fields: broker, number of shares, acquisition dates, nature of acquisition, and recent sales history.

Equity Research Associate

TL;DR: Small-volume insider sale tied to compensation and vesting; immaterial relative to total outstanding shares.

The proposed sale of 5,550 shares represents a very small fraction of the issuer's stated 80,549,275 outstanding shares. The shares were acquired and are being sold as compensation and vested RSUs, and prior dispositions in the quarter total 5,886 shares. Given the absolute amounts and gross proceeds disclosed, this filing is unlikely to be materially impactful to shareholders or the equity valuation by itself.

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	5550	10545	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.			2182	09/15/2025	Compensation
Class A Common	09/15/2025	RSU Vesting	Expensify, Inc.			3368	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
Ryan Schaffer 401 SW 5th Ave Portland OR 97204	Class A Common	06/17/2025	1883	4293.24
Ryan Schaffer 401 SW 5th Ave Portland OR 97204	Class A Common	06/20/2025	2820	6260.4
Ryan Schaffer 401 SW 5th Ave Portland OR 97204	Class A Common	08/20/2025	1203	2069.16

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 Expensify (EXFY) report?

The Form 144 reports a proposed sale of 5,550 Class A common shares to be executed on 09/15/2025 through Morgan Stanley Smith Barney.

How were the shares acquired that are being sold under Rule 144?

The filing states the shares were acquired on 09/15/2025 as compensation: 2,182 via SPMP purchase and 3,368 from RSU vesting.

What recent sales by the filer are disclosed in the Form 144?

The filing discloses three sales by Ryan Schaffer on 06/17/2025 (1,883 shares, $4,293.24), 06/20/2025 (2,820 shares, $6,260.40), and 08/20/2025 (1,203 shares, $2,069.16).

What is the number of outstanding shares reported in the filing?

The Form 144 lists 80,549,275 shares outstanding for Expensify, Inc.

Who is the broker named in the filing?

The broker identified is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, New York, NY 10004.