Expensify CEO granted 2,094,974 stock options

Expensify, Inc. reported that Chief Executive Officer David Michael Barrett received a grant of stock options covering 2,094,974 shares of Class A common stock.

Rhea-AI Filing Summary

Expensify, Inc. reported that Chief Executive Officer David Michael Barrett received a grant of stock options covering 2,094,974 shares of Class A common stock. The options have an exercise price of $1.75 per share and expire on June 23, 2036. The award vests in 16 equal quarterly installments deemed to have begun on April 12, 2025, meaning the options become exercisable gradually over four years as long as vesting conditions are met.

Insider Trade Summary

Grant/Award: 2,094,974 shares

Grant/Award 1 txn

Insider Barrett David Michael

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	2,094,974	$0.00	$0.00

Holdings After Transaction: Stock Option — 2,094,974 contracts (Direct)

Footnotes (1)

1. F1. The stock option vests in 16 equal quarterly installments, deemed to have begun on April 12, 2025

Key Figures

Option grant size: 2,094,974 shares Exercise price: $1.75 per share Expiration date: June 23, 2036 +2 more

5 metrics

Option grant size 2,094,974 shares Underlying Class A common stock in new option grant

Exercise price $1.75 per share Stock option conversion or exercise price

Expiration date June 23, 2036 Option term end date

Shares after transaction 2,094,974 options Total derivative securities following grant

Vesting schedule 16 equal quarterly installments Vesting deemed to begin April 12, 2025

Key Terms

Stock Option, Class A Common Stock, exercise price, expiration date, +1 more

5 terms

Stock Option financial

"security_title: "Stock Option""

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""

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.

exercise price financial

"conversion_or_exercise_price: "1.7500""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

expiration date financial

"expiration_date: "2036-06-23T00:00:00.000Z""

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

vests in 16 equal quarterly installments financial

"The stock option vests in 16 equal quarterly installments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Expensify (EXFY) CEO David Barrett report in this Form 4?

David Michael Barrett reported receiving a stock option grant for 2,094,974 shares of Expensify Class A common stock. The options are a compensation-related award, not an open‑market share purchase or sale.

What is the exercise price of the new Expensify CEO stock options?

The stock options granted to Expensify CEO David Barrett have an exercise price of $1.75 per share. This is the fixed price at which he can later buy Class A common stock when the options vest.

How many Expensify shares are covered by the CEO’s new option grant?

The option grant to Expensify CEO David Barrett covers 2,094,974 underlying shares of Class A common stock. All of these shares are tied to a single stock option award reported in this Form 4.

When do the Expensify CEO’s new stock options start vesting?

The stock options are scheduled to vest in 16 equal quarterly installments deemed to have begun on April 12, 2025. This creates a four‑year vesting period with additional portions becoming exercisable each quarter.

When do the newly granted Expensify CEO stock options expire?

The stock options granted to Expensify CEO David Barrett expire on June 23, 2036. After that date, any unexercised portion of the option grant can no longer be exercised to acquire Expensify Class A common stock.

Is the Expensify CEO’s Form 4 transaction a market buy or sell of shares?

The Form 4 shows a grant of stock options as compensation, coded as an acquisition, rather than an open‑market share purchase or sale. No market transaction price is reported because the grant itself occurred at zero cost.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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

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)
06/23/2026

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		2,094,974		(1)	06/23/2036	Class A Common Stock	2,094,974	$0	2,094,974	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)