Expensify (EXFY) CEO-linked trust sells 30,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

Expensify, Inc.’s Chief Executive Officer and director David Michael Barrett reported a Rule 10b5‑1 plan sale of Class A common stock linked to Barrett Trust LLC. On February 2, 2026, Barrett Trust LLC sold 30,000 shares at a weighted average price of $1.45 per share, with individual trades between $1.43 and $1.47.

Following this transaction, 1,318,480 Class A shares were held indirectly through Barrett Trust LLC, and 212,567 Class A shares were held directly by Barrett.

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

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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^*

Barrett David Michael

(Last) (First) (Middle)

C/O EXPENSIFY, INC.

88 KEARNY ST, STE 1600

(Street)

SAN FRANCISCO CA 94108

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/02/2026		S(1)		30,000	D	$1.45(2)	1,318,480	I	See note(3)
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)
				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 March 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 $1.43 to $1.47, 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.

3. 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	02/04/2026
	** 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.

FAQ

What insider transaction did Expensify (EXFY) disclose in this Form 4?

The filing shows a sale of Class A common stock tied to CEO David Michael Barrett. Barrett Trust LLC sold 30,000 shares on February 2, 2026, under a pre‑established Rule 10b5‑1 trading plan at a weighted average price of $1.45 per share.

Who actually sold Expensify (EXFY) shares in the reported transaction?

The seller was Barrett Trust LLC, a manager‑managed LLC associated with CEO David Michael Barrett. The filing states Barrett is the manager making investment and voting decisions, and the Barrett Family Trust is the controlling member, with Barrett serving as trustee.

At what price were the Expensify (EXFY) shares sold in this Form 4?

The reported weighted average sale price was $1.45 per Class A share. Footnotes explain the 30,000 shares were sold in multiple trades at prices ranging between $1.43 and $1.47, and detailed trade breakdowns are available upon request to Expensify or the SEC staff.

How many Expensify (EXFY) shares does David Michael Barrett hold after this transaction?

After the reported sale, Barrett indirectly held 1,318,480 Class A shares through Barrett Trust LLC and directly held 212,567 Class A shares. The Form 4 distinguishes between indirect ownership via the LLC and direct ownership in Barrett’s own name.

Was the Expensify (EXFY) share sale pre-planned under a Rule 10b5-1 plan?

Yes. The filing notes the transactions were executed under a Rule 10b5‑1 trading plan adopted by David Michael Barrett on March 31, 2025. Such plans allow preset trading instructions, helping separate routine portfolio moves from discretionary timing decisions.

What role does Barrett Trust LLC play in Expensify (EXFY) insider holdings?

Barrett Trust LLC is the indirect holding vehicle for part of Barrett’s Expensify position. The filing states Barrett, as manager, makes its investment and voting decisions, while the Barrett Family Trust is the controlling member and Barrett serves as its trustee.