Expensify, Inc. SEC Filings

Expensify, Inc. (EXFY) reported an insider purchase by a director. On 11/11/2025, the director bought 40,000 shares of Class A common stock with transaction code P at a weighted average price of $1.43. Following the trade, the insider beneficially owns 289,754 shares, held directly.

The filing notes the shares were purchased in multiple transactions within a $1.42–$1.44 price range, and the insider will provide detailed breakdowns upon request as customary.

Expensify, Inc. (EXFY) furnished an 8-K announcing its quarterly update. On November 6, 2025, the company issued a press release with financial results for the quarter ended September 30, 2025 and posted an investor presentation on its website. The press release and presentation are furnished as Exhibits 99.1 and 99.2.

Per Items 2.02 and 7.01, the information is furnished, not filed, and is not subject to Section 18 liabilities nor incorporated by reference except as specifically referenced. The materials include forward-looking statements subject to stated cautionary language.

Expensify (EXFY) filed its Q3 2025 10‑Q, showing largely stable revenue with shifting mix. Revenue was $35.1M versus $35.4M a year ago, while Q3 net loss was $2.3M versus $2.2M. Gross margin was $17.4M as cost of revenue held near prior levels. Operating expenses rose to $19.7M, driving a $2.3M operating loss compared with a small profit last year. For the nine months, revenue reached $106.9M (up from $102.2M) and net loss widened to $14.3M.

Card economics are becoming more meaningful. Interchange revenue grew to $5.4M in Q3 (from $3.7M), with cashback rewards recorded as contra‑revenue at $2.6M (from $2.3M). Operating cash flow was positive at $17.9M year‑to‑date, supporting liquidity. Cash and cash equivalents were $61.5M, and total cash, cash equivalents and restricted cash were $104.4M at period end. The company repurchased 1,579,763 shares in Q3 for $3.0M ($6.1M year‑to‑date), leaving $44.0M under its 2025 authorization. Expensify terminated its $25M revolver on July 1, 2025 with no borrowings outstanding and maintains a $7.5M undrawn letter of credit expiring March 20, 2026. Class A shares outstanding were 80,840,150 as of November 3, 2025.

Expensify (EXFY): A company director reported selling 9,000 shares of Class A common stock on 11/03/2025 at a weighted average price of $1.6. The sale was made pursuant to a Rule 10b5-1 trading plan adopted on December 27, 2024. Following the transaction, the director directly beneficially owns 317,857 shares.

The shares were sold in multiple trades within a price range of $1.59 to $1.63, and detailed trade breakdowns are available upon request.

Expensify (EXFY): CEO sale reported on Form 4. The reporting person, who serves as Chief Executive Officer and Director, sold 30,000 shares of Class A Common Stock on 11/03/2025 under a Rule 10b5-1 trading plan adopted on March 31, 2025. The weighted average sale price was $1.60, with individual trades ranging from $1.59 to $1.63.

Following the transaction, the filing shows 1,408,480 shares beneficially owned indirectly (see note regarding Barrett Trust LLC) and 208,399 shares owned directly. The filing was signed by an attorney-in-fact on 11/06/2025.

Expensify, Inc. entered into a Letter of Credit Facility and Security Agreement with Canadian Imperial Bank of Commerce, acting as administrative agent, and the lenders party thereto.

The agreement governs the company’s existing $7.5 million irrevocable standby letter of credit and permits issuance of additional standby letters of credit. As of October 9, 2025, there were no amounts drawn on the existing LOC. The agreement grants a security interest in substantially all assets of Expensify and its subsidiaries, including intellectual property, for the ratable benefit of the lenders, and replaces the prior loan and security agreement with respect to contingent obligations arising from bank services. It includes customary covenants, representations, warranties, and default provisions.

Liu Ying, a director of Expensify, Inc. (EXFY), received an award of 2,500 restricted stock units that vested immediately on the grant date of 10/05/2025. Each RSU converts into one share of Class A common stock and was granted at a conversion price of $0, increasing the director's reported beneficial ownership to 170,707 shares of Class A common stock. The award was made under the Non-Employee Director Compensation Program and is recorded on a Form 4 reporting the change in ownership.

Expensify insider transactions by COO/Director Anuradha Muralidharan show purchases, RSU settlements and subsequent sales in mid-September 2025. On 09/15/2025 the reporting person acquired 13,685 shares under the company stock purchase and matching plan at $1.94 and received 1,003 matched shares at no cost; vested RSUs totaling 3,168 settled into shares the same day. Over 09/16–09/19/2025 the reporting person sold 17,856 shares in multiple transactions at weighted average prices between $1.86 and $1.97 to cover tax obligations and other dispositions, leaving 58,475 Class A shares beneficially owned. The filer is listed as Chief Operating Officer and a company director, and certain shares are deposited into the Expensify Voting Trust while the reporting person retains investment control.

Insider transactions by Director Jason Fahr Mills at Expensify, Inc. (EXFY) On 09/15/2025 the reporting person acquired 42,947 shares of Class A common stock purchased under the 2021 Stock Purchase and Matching Plan at a weighted average price of $1.94 and received 20,006 matched shares at no cost. The same date shows settlement of 3,821 vested restricted stock units into Class A shares. Subsequent broker-assisted sales on 09/16/2025 and 09/18/2025 disposed of 4,921 and 1,812 shares at weighted average prices reported as $1.90 and $1.95, respectively. After these transactions the reporting person beneficially owned 426,573 shares of Class A common stock directly and retains indirect holdings through LT50 shares deposited in the company Voting Trust.