Expensify director Ying Liu granted 5,376 RSUs

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

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 award in the form of 5,376 shares of Class A common stock. The award was structured as restricted stock units under the Non-Employee Director Compensation Program and vested immediately on the grant date. After this grant, Ying Liu directly holds 179,469 shares of Class A common stock.

Insider Trade Summary

Grant/Award: 5,376 shares

Grant/Award 1 txn

Insider Liu Ying

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	5,376	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 179,469 shares (Direct)

Footnotes (1)

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

Key Figures

RSU grant size: 5,376 shares Grant price per share: $0.0000 per share Shares held after grant: 179,469 shares

3 metrics

RSU grant size 5,376 shares Restricted stock unit award of Class A common stock

Grant price per share $0.0000 per share Indicated compensation grant, not open-market purchase

Shares held after grant 179,469 shares Total Class A common stock directly owned after transaction

Key Terms

restricted stock units ("RSUs"), Non-Employee Director Compensation Program, Class A common stock, Form 4

4 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

"pursuant to the Non-Employee Director Compensation Program, which vested immediately on the grant date"

Class A common stock financial

"Each RSU represented 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What did Expensify (EXFY) director Ying Liu report in this Form 4?

Ying Liu reported an acquisition of equity compensation in Expensify. The filing shows a grant of 5,376 shares of Class A common stock awarded as restricted stock units that vested immediately under the company’s Non-Employee Director Compensation Program.

How many Expensify (EXFY) shares were granted to Ying Liu and at what price?

Ying Liu received 5,376 shares of Expensify Class A common stock as an award. The transaction price per share is shown as $0.0000, indicating a compensation grant rather than an open-market purchase, consistent with restricted stock unit awards.

What is Ying Liu’s Expensify (EXFY) share ownership after this reported grant?

Following the grant, Ying Liu directly holds 179,469 shares of Expensify Class A common stock. This total reflects the addition of 5,376 shares from the restricted stock unit award disclosed in the Form 4 insider transaction filing.

Was Ying Liu’s Expensify (EXFY) transaction an open-market buy or a compensation award?

The transaction was a compensation award, not an open-market purchase. The Form 4 identifies the code as an acquisition from a grant or award, and the footnote explains it reflects restricted stock units under the Non-Employee Director Compensation Program.

Do Ying Liu’s RSUs in Expensify (EXFY) vest over time or immediately?

The restricted stock units vested immediately on the grant date. The footnote states that the RSU award pursuant to the Non-Employee Director Compensation Program was fully vested upon grant, with each RSU converting into one share of Class A common stock.

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

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Accepted by SEC EDGAR 05/11/2026 - 08:17 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^*

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)
04/05/2026

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	04/05/2026		A		5,376(1)	A	$0	179,469	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 vested immediately on the grant date. Each RSU represented a right to receive one share of Class A common stock.

Remarks:

	/s/ Ryan Schaffer, as attorney-in-fact	05/12/2026
	** 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)