Expensify (EXFY) CFO awarded 1.16M stock options at $1.75
Rhea-AI Filing Summary
Expensify, Inc. reported that Chief Financial Officer Ryan Schaffer received a stock option award covering 1,164,596 shares of Class A Common Stock. The option has an exercise price of $1.75 per share and expires on June 23, 2036.
The filing states that the option vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025. Following this grant, Schaffer holds stock options for 1,164,596 underlying shares directly from this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schaffer Ryan
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 1,164,596 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 1,164,596 shares (Direct)
Footnotes (1)
- F1. The stock option vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025
Key Figures
Option grant size: 1,164,596 options
Exercise price: $1.75 per share
Underlying shares: 1,164,596 shares
+3 more
6 metrics
Option grant size
1,164,596 options
Stock option award to CFO Ryan Schaffer
Exercise price
$1.75 per share
Strike price for Class A Common Stock under the option
Underlying shares
1,164,596 shares
Class A Common Stock covered by the option
Expiration date
June 23, 2036
Option term end date
Vesting schedule
16 quarterly installments
Vesting deemed to begin April 12, 2025
Post-transaction derivative holdings
1,164,596 options
Total options held following this grant
Key Terms
Stock Option, Class A Common Stock, Grant, award, or other acquisition, exercise price, +1 more
5 terms
Stock Option financial
"The stock option vests in 16 equal quarterly installments"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Class A Common Stock financial
"underlying_security_title: "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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
exercise price financial
"conversion_or_exercise_price: "1.7500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-06-23T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did Expensify (EXFY) disclose for CFO Ryan Schaffer?
Expensify disclosed that CFO Ryan Schaffer received a stock option award for 1,164,596 shares of Class A Common Stock. The Form 4 shows this as a grant or award acquisition, not an open-market purchase or sale of existing shares.
What is the exercise price of the new Expensify CFO stock options?
The stock options granted to Expensify CFO Ryan Schaffer have an exercise price of $1.75 per share. This means he can buy Class A Common Stock at $1.75 per share upon vesting and exercise, regardless of the prevailing market price at that time.
When do the Expensify CFO stock options vest according to the Form 4?
The filing states the stock option vests in 16 equal quarterly installments. Vesting is deemed to have begun on April 12, 2025, meaning portions of the 1,164,596-share option become exercisable every quarter over the full vesting schedule.
When do the newly granted Expensify CFO stock options expire?
The stock options granted to Expensify CFO Ryan Schaffer expire on June 23, 2036. If not exercised by that expiration date, the right to purchase up to 1,164,596 shares of Class A Common Stock at $1.75 per share will lapse.
Are the Expensify CFO stock options a direct or indirect holding?
The Form 4 classifies the new stock option award as a direct holding for CFO Ryan Schaffer. The ownership code is shown as “D,” and there is no footnote indicating that another entity or person holds voting or investment authority.
AI-generated analysis. How Rhea-AI works. Not financial advice.
