Expensify (EXFY) director Ying Liu receives 123,762 RSUs, total holdings 306,962 shares

Rhea-AI Filing Summary

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

Expensify, Inc. director Ying Liu reported receiving an equity grant of 123,762 shares of Class A common stock in the form of restricted stock units. Following this award, Liu holds 306,962 Class A shares directly. The RSUs vest on the earlier of the first anniversary of the grant date or immediately before the next annual meeting, with each RSU delivering one share upon vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Liu Ying

Role null

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

Holdings After Transaction: Class A Common Stock — 306,962 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 123,762 shares Holdings after grant: 306,962 shares Grant price per share: $0.0000 per share

3 metrics

RSU grant size 123,762 shares Restricted stock units awarded to director Ying Liu

Holdings after grant 306,962 shares Class A common stock directly held by Ying Liu after transaction

Grant price per share $0.0000 per share RSUs granted as compensation with no cash price per share

Key Terms

restricted stock units ("RSUs"), Non-Employee Director Compensation Program, Annual Meeting

3 terms

restricted stock units ("RSUs") financial

"Reflects an award of restricted stock units ("RSUs") pursuant to the Non-Employee Director Compensation Program"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Non-Employee Director Compensation Program financial

"award of restricted stock units ("RSUs") pursuant to the Non-Employee Director Compensation Program, which vest on the earlier of (i) the first anniversary"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/07/2026 - 05:17 PM Accepted by SEC EDGAR 07/07/2026 - 05:17 PM Learn about SEC filing dates

FAQ

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

Ying Liu reported an equity grant of 123,762 restricted stock units of Expensify Class A common stock. The grant is compensation under the company’s Non-Employee Director Compensation Program and increases Liu’s direct holdings to 306,962 Class A shares after the award.

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

After the reported grant, Ying Liu directly holds 306,962 shares of Expensify Class A common stock. This total includes 123,762 shares underlying newly granted restricted stock units that will convert into shares as they vest under the program’s schedule.

What are the vesting terms of Ying Liu’s Expensify (EXFY) RSU grant?

The restricted stock units vest on the earlier of the first anniversary of the grant date or immediately before Expensify’s next annual meeting. Each RSU represents the right to receive one share of Class A common stock when the vesting condition is satisfied under the program.

Is Ying Liu’s Expensify (EXFY) Form 4 transaction a market purchase or sale?

The Form 4 reports a grant of restricted stock units, not a market purchase or sale. The RSUs are compensation awarded at no cash cost per share, and will convert into Class A common stock as they vest according to the disclosed vesting schedule.

What compensation program governs Ying Liu’s Expensify (EXFY) RSU award?

The award was granted under Expensify’s Non-Employee Director Compensation Program. This program provides equity-based compensation in the form of restricted stock units, which vest over time and deliver one share of Class A common stock for each vested unit.

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 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	306,962	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)