Expensify director Ellen Pao granted 123,762 RSUs

Expensify, Inc. director Ellen Pao reported an equity compensation grant in the form of restricted stock units.

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.

Insider Trade Summary

Grant/Award: 123,762 shares

Grant/Award 1 txn

Insider Pao Ellen

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	123,762	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 292,770 shares (Direct)

Footnotes (1)

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

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

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

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.

How many Expensify (EXFY) shares does Ellen Pao hold after this Form 4?

After the reported grant, Ellen Pao directly holds 292,770 shares of Expensify Class A common stock. This total includes 123,762 newly granted restricted stock units, which each represent a right to receive one share of Class A common stock upon vesting under the program.

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.

Did Ellen Pao pay cash for the new Expensify (EXFY) shares?

The reported transaction shows a grant of restricted stock units at a price per share of 0.0000. This indicates the award was part of Expensify’s Non-Employee Director Compensation Program rather than an open-market purchase, reflecting standard equity-based director compensation structure.

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.

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

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Accepted by SEC EDGAR 07/07/2026 - 05:17 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^*

Pao Ellen

(Last) (First) (Middle)

C/O EXPENSIFY, INC.

401 SW 5TH AVE.

(Street)

PORTLAND OREGON 97204

(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)
05/22/2026

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
Class A Common Stock	05/22/2026		A		123,762(1)	A	$0	292,770	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 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. Each RSU represents a right to receive one share of Class A common stock.

Remarks:

	/s/ Ryan Schaffer, as attorney-in-fact	07/07/2026
	** 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)