Who actually executed the Expensify (EXFY) share sale reported on the Form 4?

The sale was executed by Barrett Trust LLC, a manager-managed limited liability company. CEO David Michael Barrett serves as the manager of Barrett Trust LLC and trustee of its controlling member, the Barrett Family Trust, and reports the transaction as indirect ownership.

Expensify (EXFY) CEO’s 10b5-1 sale of 30,000 shares

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Expensify, Inc. Chief Executive Officer David Michael Barrett reported an open-market sale of 30,000 shares of Class A Common Stock at $1.15 per share on June 1, 2026. The sale was executed indirectly through Barrett Trust LLC under a Rule 10b5-1 trading plan adopted on March 31, 2025.

Following these transactions, Barrett holds 212,567 Class A shares directly. He also reports 1,228,480 Class A shares held indirectly through Barrett Trust LLC, where he oversees investment and voting decisions via related family trust structures.

Insider Trade Summary 10b5-1

Net Seller: 30,000 shares ($34,500)

Net Sell 2 txns

Insider Barrett David Michael

Role Chief Executive Officer

Sold 30,000 shs ($35K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	30,000	$1.15	$35K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 1,228,480 shares (Indirect, See note); Class A Common Stock — 212,567 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 March 31, 2025. By Barrett Trust LLC, a manager-managed limited liability company. The investment and voting decisions of Barrett Trust LLC are made by its manager, the Reporting Person, and its controlling member is the Barrett Family Trust, for which the Reporting Person serves as trustee.

Key Figures

Shares sold: 30,000 shares Sale price: $1.15 per share Direct holdings after transaction: 212,567 shares +1 more

4 metrics

Shares sold 30,000 shares Class A Common Stock sold on June 1, 2026

Sale price $1.15 per share Open-market sale price for 30,000 shares

Direct holdings after transaction 212,567 shares Class A Common Stock held directly after June 1, 2026

Indirect holdings after transaction 1,228,480 shares Class A Common Stock held indirectly via Barrett Trust LLC

Key Terms

Rule 10b5-1 trading plan, open-market sale, indirect ownership, Class A Common Stock, +1 more

5 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 March 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.

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.

indirect ownership financial

"direct_or_indirect: I, nature_of_ownership: See note"

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.

manager-managed limited liability company regulatory

"By Barrett Trust LLC, a manager-managed limited liability company."

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 06:13 PM

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^*

Barrett David Michael

(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
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/01/2026		S⁽¹⁾		30,000	D	$1.15	1,228,480	I	See note⁽²⁾
Class A Common Stock								212,567	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 March 31, 2025.

2. By Barrett Trust LLC, a manager-managed limited liability company. The investment and voting decisions of Barrett Trust LLC are made by its manager, the Reporting Person, and its controlling member is the Barrett Family Trust, for which the Reporting Person serves as trustee.

Remarks:

	/s/ Ryan Schaffer, as attorney-in-fact	06/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Expensify (EXFY) report for CEO David Barrett?

Expensify reported that CEO David Michael Barrett sold 30,000 shares of Class A Common Stock. The shares were sold at $1.15 each on June 1, 2026, as an open-market transaction executed indirectly through Barrett Trust LLC.

At what price did the Expensify (EXFY) CEO sell his shares?

The Expensify CEO’s reported sale was executed at $1.15 per share. This price applied to 30,000 Class A Common Stock shares sold on June 1, 2026, in an open-market transaction reported on the Form 4 filing.

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

Yes. The Form 4 states the transactions were effected under a Rule 10b5-1 trading plan. That trading plan was adopted by CEO David Michael Barrett on March 31, 2025, indicating the June 1, 2026 sale was pre-arranged under that plan.

How many Expensify (EXFY) shares does the CEO hold directly after the sale?

After the reported transactions, CEO David Michael Barrett holds 212,567 Class A shares directly. This direct ownership figure is disclosed in the Form 4 as the total shares beneficially owned in his own name following the June 1, 2026 transactions.

What are the Expensify (EXFY) CEO’s indirect holdings after the transaction?

The Form 4 shows 1,228,480 Class A shares held indirectly through Barrett Trust LLC. Investment and voting decisions for Barrett Trust LLC are made by the CEO, who is its manager and trustee of the controlling Barrett Family Trust member.