Expensify (EXFY) director’s 10b5-1 sale covers 30,728 shares at $1.01

Rhea-AI Filing Summary

Expensify, Inc. director Carlos Eduardo Alvarez Divo reported an open-market sale of 30,728 shares of Class A Common Stock on April 28, 2026 at a weighted average price of $1.01 per share. The shares were sold in multiple trades between $1.00 and $1.04. The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 31, 2025. Following this activity, he directly holds 254,780 shares.

Insider Trade Summary 10b5-1

Net Seller: 30,728 shares ($31,035)

Net Sell 1 txn

Insider Alvarez Divo Carlos Eduardo

Role null

Sold 30,728 shs ($31K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	30,728	$1.01	$31K

Holdings After Transaction: Class A Common Stock — 254,780 shares (Direct, null)

Footnotes (1)

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 $1.00 to $1.04, 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: 30,728 shares Weighted average sale price: $1.01 per share Post-transaction holdings: 254,780 shares +2 more

5 metrics

Shares sold 30,728 shares Open-market sale on April 28, 2026

Weighted average sale price $1.01 per share Class A Common Stock sale

Post-transaction holdings 254,780 shares Direct ownership after April 28, 2026 sale

Sale price range $1.00–$1.04 per share Multiple transactions on April 28, 2026

10b5-1 plan adoption date December 31, 2025 Plan governing reported transactions

Key Terms

Rule 10b5-1 trading plan, weighted average price, Class A Common Stock

3 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"

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.

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.

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).

X

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^*

Alvarez Divo Carlos Eduardo

(Last) (First) (Middle)

C/O EXPENSIFY, INC.

88 KEARNY ST, STE 1600

(Street)

SAN FRANCISCO CALIFORNIA 94018

(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)
04/28/2026

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	04/28/2026		S(1)		30,728	D	$1.01(2)	254,780	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. 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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.04, 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.

Remarks:

	/s/ Ryan Schaffer, as attorney-in-fact	04/30/2026
	** 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 transaction did Expensify (EXFY) disclose in this Form 4?

Expensify disclosed that director Carlos Eduardo Alvarez Divo sold 30,728 shares of Class A Common Stock in an open-market transaction. The sale occurred on April 28, 2026 at a weighted average price of $1.01 per share, with individual trades between $1.00 and $1.04.

Was the Expensify (EXFY) insider sale made under a Rule 10b5-1 trading plan?

Yes. The Form 4 states the transactions were effected under a Rule 10b5-1 trading plan adopted by Carlos Eduardo Alvarez Divo on December 31, 2025. Such plans are pre-arranged trading programs that schedule trades in advance, reducing discretion over transaction timing.

How many Expensify (EXFY) shares does the director hold after the reported sale?

After selling 30,728 shares, director Carlos Eduardo Alvarez Divo directly holds 254,780 shares of Expensify Class A Common Stock. This post-transaction ownership figure comes directly from the Form 4 and reflects his remaining direct position following the April 28, 2026 sale.

What price range did the Expensify (EXFY) insider receive for the sold shares?

The Form 4 reports a weighted average sale price of $1.01 per share. It explains that the 30,728 shares were sold in multiple transactions, with individual sale prices ranging from $1.00 to $1.04 per share, inclusive, during the April 28, 2026 trading session.

Who is the reporting person in the Expensify (EXFY) Form 4 filing?

The reporting person is Carlos Eduardo Alvarez Divo, identified in the filing as a director of Expensify, Inc. The Form 4 attributes the April 28, 2026 open-market sale of 30,728 Class A Common Stock shares and the remaining 254,780 directly held shares to him.