Expensify Amendment: COO Reports 2,566‑Share Tax Sale; 81,473 Shares Held

Rhea-AI Filing Summary

Expensify, Inc. (EXFY) Form 4/A: This amended Form 4 discloses that Anuradha Muralidharan, Chief Operating Officer and director, had a related sale of 2,566 shares of Class A common stock on 06/18/2025 at a weighted average price of $2.22 per share to cover taxes tied to RSU vesting. After that sale, the reporting person beneficially owned 81,473 shares, held directly. The filing clarifies the prior Form 4 reporting of the RSU vesting and provides an explanation that the sale information was delayed and reported now via this amendment. The Form includes a statement that the trade prices ranged from $2.19 to $2.26 and offers to provide detailed per‑trade information on request.

Positive

• Amendment filed to correct prior disclosure, improving transparency
• Detailed price range ($2.19–$2.26) and offer to provide per‑trade data on request

Negative

• Insider sale of 2,566 shares reported (tax‑covering sale upon RSU vesting)

Insights

Securities Analyst

TL;DR: Amendment clarifies a small, routine tax‑covering sale of RSU shares by an insider; disclosure improves transparency but is not materially transformative.

The amended Form 4 shows a 2,566‑share sale on 06/18/2025 executed to cover taxes from RSU vesting, at a weighted average of $2.22 per share (individual trade prices between $2.19–$2.26). The reporting person remains a significant insider with 81,473 shares beneficially owned. This appears to be an administrative correction to include a previously omitted tax‑covering sale rather than a change in ownership intent. For investors, the filing signals improved record completeness; there is no new information about company operations, financings, or material corporate events in this disclosure.

Corporate Governance Expert

TL;DR: The amendment addresses a reporting gap and complies with Section 16 disclosure requirements; it reflects routine insider activity tied to compensation.

The explanatory footnotes explicitly state the sale was the reporting person’s pro rata share of RSU tax‑covering sales executed by the issuer’s broker and that initial Form 4 filing lacked related sale details due to delayed information. The issuer and reporting person documenting the weighted average price range and offering to disclose per‑trade details is consistent with good governance and transparency practices. No indication of rule violations or undisclosed material events is present in the text.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Muralidharan Anuradha

(Last) (First) (Middle)

C/O EXPENSIFY, INC. 401 SW 5TH AVE

(Street)

PORTLAND OR 97204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Expensify, Inc. [ EXFY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/18/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/18/2025		S		2,566(1)	D	$2.22(2)	81,473	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon the vesting of restricted stock units ("RSUs") for certain employees of the Issuer. On June 18, 2025, the Reporting Person filed a Form 4 reporting the RSU vesting but was unable to include this related sale due to a delay in receiving the underlying information.

2. The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $2.19 to $2.26, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Ryan Schaffer, as attorney-in-fact	09/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What transaction did EXFY insider Anuradha Muralidharan report on Form 4/A?

The Form 4/A reports a 2,566‑share sale of Class A common stock on 06/18/2025 at a weighted average price of $2.22 per share to cover taxes on RSU vesting.

How many shares does the reporting person beneficially own after the reported transaction?

After the reported sale, the reporting person beneficially owned 81,473 shares, held directly.

Why was an amendment (Form 4/A) filed for this transaction?

The amendment states the initial Form 4 omitted the related tax‑covering sale due to a delay in receiving the underlying information; the Form 4/A adds that sale.

What was the price range for the shares sold in the RSU tax‑covering transaction?

The shares sold to cover taxes traded in multiple transactions at prices ranging from $2.19 to $2.26, inclusive.

Who signed the Form 4/A and when was it signed?

The filing shows the form was signed by /s/ Ryan Schaffer, as attorney‑in‑fact on 09/24/2025.