Expensify director awarded 3,386 Class A shares

Liu Ying reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Liu Ying reported acquisition or exercise transactions in this Form 4 filing.

Expensify director Ying Liu received an equity award in the form of restricted stock units. The Form 4 reports a grant of 3,386 shares of Expensify Class A common stock on January 5, 2026, at a stated price of $0.00 per share.

The award was made as part of the company’s Non-Employee Director Compensation Program and vested immediately on the grant date. Following this grant, Ying Liu’s directly owned Class A share balance increased to 174,093 shares, aligning director pay with shareholder interests through stock-based compensation.

Insider Trade Summary

Grant/Award: 3,386 shares

Grant/Award 1 txn

Insider Liu Ying

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	3,386	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 174,093 shares (Direct)

Footnotes (1)

1. F1. Reflects an award of restricted stock units ("RSUs") pursuant to the Non-Employee Director Compensation Program, which vested immediately on the grant date. Each RSU represented a right to receive one share of Class A common stock.

FAQ

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

What insider transaction did Expensify (EXFY) director Ying Liu report?

Ying Liu reported an equity award of 3,386 shares of Expensify Class A common stock. The award was granted as restricted stock units under the Non-Employee Director Compensation Program and converted into shares that vested immediately on the grant date.

How many Expensify (EXFY) shares does Ying Liu hold after this Form 4?

After the reported award, Ying Liu holds 174,093 shares of Expensify Class A common stock directly. This reflects the addition of 3,386 shares from restricted stock units that vested immediately pursuant to the company’s Non-Employee Director Compensation Program.

Was Ying Liu’s Expensify (EXFY) stock award a purchase or a grant?

The transaction was a grant of restricted stock units, not an open-market purchase. The Form 4 uses code “A” for grant, award, or other acquisition, with a reported price of $0.00 per share under the Non-Employee Director Compensation Program.

What type of security did Ying Liu receive from Expensify (EXFY)?

Ying Liu received restricted stock units that each represented a right to one share of Expensify Class A common stock. These RSUs vested immediately on the grant date, resulting in an acquisition of 3,386 Class A shares reported on the Form 4.

Did Ying Liu’s Expensify (EXFY) RSUs vest immediately?

Yes, the restricted stock units granted to Ying Liu vested immediately on the grant date. Each RSU converted into one share of Expensify Class A common stock, resulting in an immediate increase of 3,386 directly owned shares reported in the filing.

Is Ying Liu’s ownership in Expensify (EXFY) direct or indirect after this grant?

The ownership reported in the Form 4 is direct. The transaction details classify the holding type as direct, and the total directly owned Class A common stock after the award is disclosed as 174,093 shares.

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

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Accepted by SEC EDGAR 02/18/2026 - 06:09 PM 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^*

Liu Ying

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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

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	01/05/2026		A		3,386(1)	A	$0	174,093	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. Reflects an award of restricted stock units ("RSUs") pursuant to the Non-Employee Director Compensation Program, which vested immediately on the grant date. Each RSU represented a right to receive one share of Class A common stock.

Remarks:

	/s/ Ryan Schaffer, as attorney-in-fact	02/18/2026
	** 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.