Ellen Pao (EXFY) receives 123,762 RSU award as Expensify director, lifting holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Expensify, Inc. director Ellen Pao reported an equity compensation grant in the form of restricted stock units. She acquired 123,762 RSUs representing Class A common stock at no cash cost, increasing her direct holdings to 292,770 shares after the award.
The RSUs were granted under the company’s Non-Employee Director Compensation Program and vest on the earlier of the first anniversary of the grant date or immediately before the next Annual Meeting following the grant date. Each RSU converts into one share of Class A common stock when it vests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pao Ellen
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 123,762 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 292,770 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 123,762 RSUs
Price per RSU: 0.0000 per share
Shares held after grant: 292,770 shares
+2 more
5 metrics
RSUs granted
123,762 RSUs
Award of restricted stock units to director Ellen Pao
Price per RSU
0.0000 per share
Reported transaction price for RSU grant
Shares held after grant
292,770 shares
Total Class A common stock held directly by Ellen Pao after transaction
Vesting trigger 1
First anniversary of grant date
One of the vesting conditions for RSUs
Vesting trigger 2
Immediately before next Annual Meeting
Alternative vesting condition for RSUs
Key Terms
restricted stock units, RSUs, Non-Employee Director Compensation Program, Class A common stock, +1 more
5 terms
restricted stock units financial
"Reflects an award of restricted stock units ("RSUs") pursuant to the Non-Employee Director Compensation Program"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Reflects an award of restricted stock units ("RSUs") pursuant to the Non-Employee Director Compensation Program"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Non-Employee Director Compensation Program financial
"Reflects an award of restricted stock units ("RSUs") pursuant to the Non-Employee Director Compensation Program"
Class A common stock financial
"Each RSU represents a right to receive one share of 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.
Annual Meeting financial
"which vest on the earlier of (i) the first anniversary of the grant date and (ii) immediately before the next Annual Meeting following the grant date"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transaction did Expensify (EXFY) director Ellen Pao report?
Ellen Pao reported receiving an equity compensation grant from Expensify. She acquired 123,762 restricted stock units representing Class A common stock, increasing her direct holdings to 292,770 shares after the grant, according to the filed insider transaction details.
What type of equity award did Expensify (EXFY) grant to Ellen Pao?
Ellen Pao received an award of restricted stock units from Expensify. The RSUs were issued under the Non-Employee Director Compensation Program and each restricted stock unit represents a right to receive one share of Expensify Class A common stock when the units vest under the stated schedule.
When do Ellen Pao’s new Expensify (EXFY) RSUs vest?
The restricted stock units granted to Ellen Pao vest on the earlier of two events. They vest on the first anniversary of the grant date, or immediately before the next Annual Meeting following the grant date, as provided in the Non-Employee Director Compensation Program.
What does each Ellen Pao RSU in Expensify (EXFY) represent?
Each restricted stock unit granted to Ellen Pao represents a right to receive one share of Expensify Class A common stock. The units convert into actual shares when they vest, following the schedule tied to the grant anniversary or the company’s next Annual Meeting.