Expensify CEO sells 30,000 shares at $1.15
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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares
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)
Footnotes (2)
- F1. 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.
- F2. 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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
