Expensify director granted 1,160,447 stock options

Expensify, Inc. director Daniel Vidal reported a compensation-related grant of stock options covering 1,160,447 shares of Class A common stock.

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.

Insider Trade Summary

Grant/Award: 1,160,447 shares

Grant/Award 1 txn

Insider Vidal Daniel

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	1,160,447	$0.00	$0.00

Holdings After Transaction: Stock Option — 1,160,447 contracts (Direct)

Footnotes (1)

1. F1. The stock option vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/25/2026 - 05:55 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Vidal Daniel

(Last) (First) (Middle)

C/O EXPENSIFY, INC.

88 KEARNY ST, STE 1600

(Street)

SAN FRANCISCO CALIFORNIA 94108

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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

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

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

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

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
Stock Option	$1.75	06/23/2026		A		1,160,447		(1)	06/23/2036	Class A Common Stock	1,160,447	$0	1,160,447	D

Explanation of Responses:

1. The stock option vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025

Remarks:

	/s/ Ryan Schaffer, as attorney-in-fact	06/25/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)