McLaughlin entities boost Expensify (NASDAQ: EXFY) stake with 2.26M-share buy

Rhea-AI Filing Summary

Expensify, Inc. insider entities associated with Steven J. McLaughlin reported significant open-market purchases of Class A Common Stock. Over several transactions from March 3 to March 11, they bought a total of 2,263,444 shares at prices around $0.84–$1.02 per share.

After the latest purchase of 500,000 shares at $0.84 on March 11, indirect holdings reported in this Form 4 increased to 12,203,393 shares. The filing notes that shares are held through the Steven J. McLaughlin Revocable Trust and EXP 2020 SPV LP, with McLaughlin disclaiming beneficial ownership except for his pecuniary interest.

Insider Trade Summary

Net Buyer: 2,263,444 shares ($2,134,309)

Net Buy 6 txns

Insider McLaughlin Steven J., Steven J. McLaughlin Revocable Trust, EXP 2020 SPV LP, SF Roofdeck GP LLC

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner

Bought 2,263,444 shs ($2.13M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	500,000	$0.84	$420K
Purchase	Class A Common Stock	455,911	$0.949	$433K
Purchase	Class A Common Stock	480,389	$0.961	$462K
Purchase	Class A Common Stock	327,144	$1.024	$335K
Purchase	Class A Common Stock	500,000	$0.97	$485K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 12,203,393 shares (Indirect, See Footnote)

Footnotes (1)

1. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $0.93 to $1.00, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission full information regarding the number of shares purchased at each separate price within the ranges set forth footnotes (1), (3), (4), (5) and (6) to this Form 4. These shares are owned directly by the Steven J. McLaughlin Revocable Trust (the "Trust"), of which Steven J. McLaughlin is the sole trustee. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $1.005 to $1.045, inclusive. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $0.94 to $0.98, inclusive. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $0.917 to $0.990, inclusive. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $0.822 to $0.910, inclusive. These shares are owned directly by EXP 2020 SPV LP ("EXP"). SF Roofdeck GP LLC ("Roofdeck") serves as the general partner of EXP. Roofdeck is wholly owned by the Trust, of which Steven J. McLaughlin is the sole trustee. Mr. McLaughlin disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Form 4 Insider Transactions: What Each Field Means →

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^*

McLaughlin Steven J.

(Last) (First) (Middle)

6619 S DIXIE HIGHWAY, #314

(Street)

MIAMI BEACH FLORIDA 33143

(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)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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	03/03/2026		P		500,000	A	$0.97(1)	10,439,949	I	See Footnote(2)
Class A Common Stock	03/04/2026		P		327,144	A	$1.024(3)	10,767,093	I	See Footnote(2)
Class A Common Stock	03/06/2026		P		480,389	A	$0.961(4)	11,247,482	I	See Footnote(2)
Class A Common Stock	03/09/2026		P		455,911	A	$0.949(5)	11,703,393	I	See Footnote(2)
Class A Common Stock	03/11/2026		P		500,000	A	$0.84(6)	12,203,393	I	See Footnote(2)
Class A Common Stock								1,783,610	I	See Footnote(7)

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

1. Name and Address of Reporting Person^*

McLaughlin Steven J.

(Last) (First) (Middle)

6619 S DIXIE HIGHWAY, #314

(Street)

MIAMI BEACH FLORIDA 33143

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Steven J. McLaughlin Revocable Trust

(Last) (First) (Middle)

1521 ALTON RD. #345

(Street)

MIAMI BEACH FLORIDA 33139

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

EXP 2020 SPV LP

(Last) (First) (Middle)

1521 ALTON RD. #345

(Street)

MIAMI BEACH FLORIDA 33139

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

SF Roofdeck GP LLC

(Last) (First) (Middle)

1521 ALTON RD., #345

(Street)

MIAMI BEACH FLORIDA 33139

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $0.93 to $1.00, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission full information regarding the number of shares purchased at each separate price within the ranges set forth footnotes (1), (3), (4), (5) and (6) to this Form 4.

2. These shares are owned directly by the Steven J. McLaughlin Revocable Trust (the "Trust"), of which Steven J. McLaughlin is the sole trustee.

3. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $1.005 to $1.045, inclusive.

4. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $0.94 to $0.98, inclusive.

5. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $0.917 to $0.990, inclusive.

6. Weighted average purchase price for shares of Class A Common Stock purchased. Actual purchase price for shares purchased ranged from $0.822 to $0.910, inclusive.

7. These shares are owned directly by EXP 2020 SPV LP ("EXP"). SF Roofdeck GP LLC ("Roofdeck") serves as the general partner of EXP. Roofdeck is wholly owned by the Trust, of which Steven J. McLaughlin is the sole trustee. Mr. McLaughlin disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

	/s/ Steven J. McLaughlin	03/18/2026
	Steve J. McLaughlin Revocable Trust, By: /s/ Steven J. McLaughlin, Authorized Signatory	03/18/2026
	EXP 2020 SPV LP By: /s/ Steven J. McLaughlin, Authorized Signatory	03/18/2026
	SF Roofdeck GP LLC, By: /s/ Steven J. McLaughlin, Authorized Signatory	03/18/2026
	** 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 insider activity did Expensify (EXFY) report in this Form 4?

The filing reports a series of open-market purchases of Expensify Class A Common Stock by entities associated with Steven J. McLaughlin, totaling 2,263,444 shares over several days in March at prices near $1 per share.

How many Expensify (EXFY) shares were bought and at what prices?

Entities linked to Steven J. McLaughlin bought 2,263,444 Expensify shares between March 3 and March 11. Reported transaction prices include $0.84, $0.949, $0.961, $0.970 and $1.024 per share, with footnotes giving weighted-average price ranges within these bands.

Who actually holds the Expensify (EXFY) shares reported in this Form 4?

The shares are held indirectly by the Steven J. McLaughlin Revocable Trust and EXP 2020 SPV LP. A footnote explains EXP 2020 SPV LP is controlled through SF Roofdeck GP LLC, which is wholly owned by the trust, and McLaughlin disclaims beneficial ownership except for his pecuniary interest.

What is the total Expensify (EXFY) position after these insider purchases?

After the March 11 purchase, the Form 4 shows 12,203,393 shares of Expensify Class A Common Stock held indirectly following that transaction. A separate holding line lists 1,783,610 shares indirectly held as of March 3, providing additional context for overall indirect ownership.

Were these Expensify (EXFY) insider trades part of a derivative or option exercise?

No. The reported transactions are all non-derivative open-market purchases of Class A Common Stock coded as "P". The derivative section of the filing shows no derivative transactions, and derivativeSummary is empty, indicating no options or similar instruments were exercised in this report.