Expensify (NASDAQ: EXFY) director receives 1,160,447 stock options at $1.75 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Expensify, Inc. director Daniel Vidal reported a compensation-related grant of stock options covering 1,160,447 shares of Class A common stock. The options have an exercise price of $1.75 per share and expire on June 23, 2036. They vest in 16 equal quarterly installments, deemed to have begun on April 12, 2025, meaning the award becomes exercisable over four years rather than all at once. Following this grant, Vidal holds 1,160,447 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vidal Daniel
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 1,160,447 | $0.00 | -- |
Holdings After Transaction:
Stock Option — 1,160,447 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 1,160,447 options
Exercise price: $1.75 per share
Underlying shares: 1,160,447 shares
+3 more
6 metrics
Options granted
1,160,447 options
Stock option grant to director Daniel Vidal
Exercise price
$1.75 per share
Strike price for the stock options
Underlying shares
1,160,447 shares
Class A common stock underlying the options
Expiration date
June 23, 2036
Option term end date
Post-grant holdings
1,160,447 options
Total options held after transaction
Vesting schedule
16 quarterly installments
Vesting deemed to begin April 12, 2025
Key Terms
Stock Option, Class A Common Stock, vests in 16 equal quarterly installments, exercise price
4 terms
Stock Option financial
"security_title: "Stock Option""
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vests in 16 equal quarterly installments financial
"The stock option vests in 16 equal quarterly installments"
exercise price financial
"conversion_or_exercise_price": "1.7500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did Expensify (EXFY) director Daniel Vidal report?
Daniel Vidal reported receiving a grant of stock options for 1,160,447 shares of Expensify Class A common stock. The options are a compensation-related award, not an open-market purchase, and give him the right to buy shares at a fixed exercise price.
What is the exercise price of Daniel Vidal’s Expensify (EXFY) stock options?
The stock options granted to Daniel Vidal have an exercise price of $1.75 per share. This means he can choose to buy up to 1,160,447 Expensify Class A shares at $1.75, regardless of the future market price, once the options have vested.
How do Daniel Vidal’s new Expensify (EXFY) options vest over time?
The stock option grant to Daniel Vidal vests in 16 equal quarterly installments. The vesting schedule is deemed to have begun on April 12, 2025, so the award becomes exercisable gradually over four years instead of immediately on the grant date.
When do Daniel Vidal’s Expensify (EXFY) stock options expire?
Daniel Vidal’s stock options expire on June 23, 2036. If he does not exercise any vested options by that expiration date, his right to buy Expensify Class A common stock at the $1.75 exercise price will lapse and the options will become worthless.
How many Expensify (EXFY) stock options does Daniel Vidal hold after this grant?
After this transaction, Daniel Vidal holds 1,160,447 stock options directly. Each option relates to one share of Expensify Class A common stock, giving him potential future equity exposure if he chooses to exercise the options once they are vested.