[Form 4] Expensify, Inc. Insider Trading Activity

Q: What insider transactions did Expensify (EXFY) report in this Form 4?

The filing reports that a director of Expensify, Inc. acquired and sold Class A common stock in December 2025. The director bought 36,318 shares at $1.65 per share, received 16,711 matched shares at $0 , and sold 4,837 shares at a weighted average price of $1.55 per share.

Q: What is the Expensify 2021 Stock Purchase and Matching Plan (SPMP) mentioned in the Form 4?

The filing indicates that 36,318 shares were purchased and 16,711 shares were granted as matched shares under the Expensify, Inc. 2021 Stock Purchase and Matching Plan , referred to as the SPMP . It functions as both a purchase plan and a matching-share grant program for participants.

Q: Why were some Expensify (EXFY) shares sold at a weighted average price of $1.55?

The 4,837 shares sold at a weighted average price of $1.55 on 12/17/2025 represent the director’s pro rata portion of shares sold by the issuer's broker to cover taxes related to matched share grants under the SPMP for certain employees.

Q: Over what price range were the Expensify (EXFY) shares sold to cover taxes?

The shares sold to cover taxes, including the director’s 4,837 shares, were executed in multiple transactions at prices ranging from $1.43 to $1.58 per share, resulting in the reported weighted average sale price of $1.55 .

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Expensify, Inc. director reported several equity transactions in company Class A common stock. On 12/15/2025, the director acquired 36,318 shares at $1.65 per share through the Expensify, Inc. 2021 Stock Purchase and Matching Plan. On the same date, the director received an additional 16,711 matched shares under this plan at a price of $0, reflecting an equity grant rather than a cash purchase.

On 12/17/2025, the director sold 4,837 shares at a weighted average price of $1.55 per share, representing the director's pro rata portion of shares sold by the issuer's broker to cover tax obligations for matched share grants to certain employees. Following these transactions, the director beneficially owned 366,049 shares of Expensify Class A common stock, held directly.

Insider Trade Summary

Net Seller: 4,837 shares ($7,497)

Net Sell 3 txns

Insider Vidal Daniel

Role Director

Sold 4,837 shs ($7K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,837	$1.55	$7K
Grant/Award	Class A Common Stock	36,318	$1.65	$60K
Grant/Award	Class A Common Stock	16,711	$0.00	--

Holdings After Transaction: Class A Common Stock — 366,049 shares (Direct)

Footnotes (1)

Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP"). Shares granted as matched shares pursuant to the SPMP. Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes for shares granted as matched shares under the SPMP for certain employees of the Issuer. The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes for shares granted as matched shares under the SPMP for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $1.43 to $1.58, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Form 4 Insider Transactions: What Each Field Means →

12/18/2025 - 09:02 PM

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.

401 SW 5TH AVE

(Street)

PORTLAND

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)
12/15/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	12/15/2025		A		36,318⁽¹⁾	A	$1.65	354,175	D
Class A Common Stock	12/15/2025		A		16,711⁽²⁾	A	$0	370,886	D
Class A Common Stock	12/17/2025		S		4,837⁽³⁾	D	$1.55⁽⁴⁾	366,049	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP").

2. Shares granted as matched shares pursuant to the SPMP.

3. Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes for shares granted as matched shares under the SPMP for certain employees of the Issuer.

4. The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes for shares granted as matched shares under the SPMP for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $1.43 to $1.58, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Ryan Schaffer, as attorney-in-fact	12/18/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Expensify (EXFY) report in this Form 4?

The filing reports that a director of Expensify, Inc. acquired and sold Class A common stock in December 2025. The director bought 36,318 shares at $1.65 per share, received 16,711 matched shares at $0, and sold 4,837 shares at a weighted average price of $1.55 per share.

How many Expensify (EXFY) shares does the reporting director own after these transactions?

After the reported transactions, the director beneficially owned 366,049 shares of Expensify Class A common stock, held in direct ownership.

What is the Expensify 2021 Stock Purchase and Matching Plan (SPMP) mentioned in the Form 4?

The filing indicates that 36,318 shares were purchased and 16,711 shares were granted as matched shares under the Expensify, Inc. 2021 Stock Purchase and Matching Plan, referred to as the SPMP. It functions as both a purchase plan and a matching-share grant program for participants.

Why were some Expensify (EXFY) shares sold at a weighted average price of $1.55?

The 4,837 shares sold at a weighted average price of $1.55 on 12/17/2025 represent the director’s pro rata portion of shares sold by the issuer's broker to cover taxes related to matched share grants under the SPMP for certain employees.

Over what price range were the Expensify (EXFY) shares sold to cover taxes?

The shares sold to cover taxes, including the director’s 4,837 shares, were executed in multiple transactions at prices ranging from $1.43 to $1.58 per share, resulting in the reported weighted average sale price of $1.55.

Is the Expensify (EXFY) director a 10% owner of the company?

The filing marks the reporting person’s relationship to Expensify as a Director. The box for 10% Owner is not indicated as selected in the provided excerpt.