Expensify (EXFY) director receives 1.16M stock options at $1.75

Rhea-AI Filing Summary

Expensify, Inc. director Jason Fahr Mills received a grant of stock options covering 1,160,447 shares of Class A common stock. The options have an exercise price of $1.75 per share and expire on June 23, 2036.

The grant vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025. Following this award, Mills holds options for 1,160,447 underlying shares, reflecting a compensation-related equity grant rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mills Jason Fahr

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	1,160,447	$0.00	--

Holdings After Transaction: Stock Option — 1,160,447 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Option grant size: 1,160,447 shares Exercise price: $1.75 per share Expiration date: June 23, 2036 +2 more

5 metrics

Option grant size 1,160,447 shares Stock option covering Class A Common Stock

Exercise price $1.75 per share Conversion or exercise price for the stock option

Expiration date June 23, 2036 Stock option expiration

Total options after grant 1,160,447 shares Total shares underlying options following transaction

Vesting schedule 16 equal quarterly installments Vesting deemed to have begun on April 12, 2025

Key Terms

Stock Option, Class A Common Stock, vests in 16 equal quarterly installments

3 terms

Stock Option financial

"security_title: "Stock Option" tied to 1,160,447 underlying shares"

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" for the option grant"

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.

vests in 16 equal quarterly installments financial

"The stock option vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 05:55 PM Accepted by SEC EDGAR 06/25/2026 - 05:55 PM 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^*

Mills Jason Fahr

(Last) (First) (Middle)

C/O EXPENSIFY, INC.

88 KEARNY ST, STE 1600

(Street)

SAN FRANCISCO CALIFORNIA 94108

(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)
06/23/2026

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

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
Stock Option	$1.75	06/23/2026		A		1,160,447		(1)	06/23/2036	Class A Common Stock	1,160,447	$0	1,160,447	D

Explanation of Responses:

1. The stock option vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025

Remarks:

	/s/ Ryan Schaffer, as attorney-in-fact	06/25/2026
	** 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)

FAQ

What did Expensify (EXFY) disclose in this Form 4 filing?

Expensify disclosed that director Jason Fahr Mills received a stock option grant for 1,160,447 Class A common shares at a $1.75 exercise price. This is a compensation award, not an open-market purchase or sale, and increases his option-based equity exposure.

How many Expensify (EXFY) shares are covered by Jason Fahr Mills’s new options?

The stock option grant covers 1,160,447 shares of Expensify Class A common stock. This entire amount is tied to a single award and represents his total option holdings reported after the transaction, according to the Form 4 summary data provided.

What is the exercise price and expiration for Jason Fahr Mills’s Expensify options?

The options have an exercise price of $1.75 per share and expire on June 23, 2036. This means Mills can choose to buy Expensify Class A shares at $1.75 any time before that expiration, subject to vesting conditions being satisfied over time.

How do Jason Fahr Mills’s Expensify options vest over time?

The stock option vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025. Each quarter, a portion of the 1,160,447-share grant becomes exercisable, aligning continued service with increasing access to the underlying Expensify shares.

Does this Expensify (EXFY) Form 4 show any share sales or purchases?

The Form 4 reports only a grant of stock options, classified as an acquisition related to compensation. There are no open-market purchases or sales disclosed. The transaction direction is “acquire,” reflecting receipt of options rather than trading existing Expensify shares.