Expensify (EXFY) director sells 10,700 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Expensify, Inc. director Carlos Eduardo Alvarez Divo reported an open-market sale of Class A Common Stock. He sold 10,700 shares at a weighted average price of $1.28 per share under a pre-arranged Rule 10b5-1 trading plan. Following this transaction, he directly holds 234,080 shares.
Positive
- None.
Negative
- None.
Insights
Pre-planned, modest insider sale with substantial holdings retained.
Director Carlos Eduardo Alvarez Divo sold 10,700 shares of Expensify, Inc. Class A Common Stock at a weighted average of $1.28 per share. The transaction is coded as an open-market sale and is clearly identified as such.
The filing states this sale was executed under a Rule 10b5-1 trading plan adopted on December 31, 2025. Such plans are established in advance, so the timing of trades is generally routine rather than discretionary, which reduces the informational weight of this transaction.
After the sale, the director still directly owns 234,080 shares, indicating he retains a significant equity position relative to the 10,700 shares sold. The transaction uses a weighted average price, with individual trades ranging from $1.26 to $1.32 per share.
Insider Trade Summary 10b5-1
Net Seller: 10,700 shares ($13,696)
Net Sell
1 txn
Insider
Alvarez Divo Carlos Eduardo
Role
null
Sold
10,700 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 10,700 | $1.28 | $14K |
Holdings After Transaction:
Class A Common Stock — 234,080 shares (Direct, null)
Footnotes (1)
- The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 31, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.26 to $1.32, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote.
Key Figures
Shares sold: 10,700 shares
Weighted average sale price: $1.28 per share
Post-transaction holdings: 234,080 shares
+2 more
5 metrics
Shares sold
10,700 shares
Open-market sale of Class A Common Stock
Weighted average sale price
$1.28 per share
Average price for 10,700 shares sold
Post-transaction holdings
234,080 shares
Shares directly owned after the sale
Sale price range
$1.26–$1.32 per share
Range of individual trade prices
Plan adoption date
December 31, 2025
Rule 10b5-1 trading plan adoption
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Class A Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 31, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"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.
FAQ
What insider transaction did Expensify (EXFY) disclose in this Form 4?
Expensify disclosed that director Carlos Eduardo Alvarez Divo sold 10,700 shares of Class A Common Stock. The shares were sold in open-market transactions at a weighted average price of $1.28 per share, with prices ranging from $1.26 to $1.32.
Was the Expensify (EXFY) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were carried out under a Rule 10b5-1 trading plan adopted on December 31, 2025. Such pre-arranged plans typically automate trades over time, reducing the significance of trade timing as a signal of insider sentiment.
Does this Expensify (EXFY) Form 4 involve derivative securities or option exercises?
No. The reported transaction involves only non-derivative Class A Common Stock sold in the open market. The derivative summary section is empty, indicating no option exercises, conversions, or other derivative-related transactions are disclosed in this particular Form 4.