Expensify, Inc. — Director's Dealing 2021

Nov 16, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Expensify, Inc. ([EXFY])
CIK: 0001476840
Period of Report: 2021-11-15

Reporting Person: Vidal Daniel (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	61590	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
LT10 Common Stock	$		Class A Common Stock (112650.0)		Indirect
LT50 Common Stock	$		Class A Common Stock (112640.0)		Indirect
Stock Option	$0.97	2029-04-12	Class A Common Stock (9550.0)		Direct
Stock Option	$0.97	2029-04-12	Class A Common Stock (152310.0)		Direct
Stock Option	$1.6	2030-06-21	Class A Common Stock (13230.0)		Direct
Stock Option	$1.6	2030-06-21	Class A Common Stock (1690.0)		Direct
Stock Option	$1.6	2030-06-21	Class A Common Stock (15800.0)		Direct
Stock Option	$1.6	2030-06-21	Class A Common Stock (6120.0)		Direct
Stock Option	$7.21	2031-03-15	Class A Common Stock (15080.0)		Direct
Stock Option	$12.97	2031-10-12	Class A Common Stock (2000.0)		Direct
Stock Option	$12.97	2031-10-12	Class A Common Stock (6700.0)		Direct
Restricted Stock Units	$	2029-12-15	Class A Common Stock (90410.0)		Direct
Restricted Stock Units	$	2029-12-15	LT50 Common Stock (90410.0)		Direct

Footnotes

F1: The LT10 Common Stock is convertible into the Issuer's Class A Common Stock on a one-to-one basis only upon, and generally cannot be transferred without, satisfaction of certain notice and other requirements, including a notice period of 10 months. The LT10 Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis at such time as all of the then-outstanding shares of LT10 and LT50 Common Stock represent, in the aggregate, less than 2% of all then-outstanding shares of common stock.

F2: Deposited into the Expensify Voting Trust (the "Voting Trust"). The Reporting Person retains investment control and dispositive power over the shares deposited into the Voting Trust.

F3: The LT50 Common Stock is convertible into the Issuer's Class A Common Stock on a one-to-one basis only upon, and generally cannot be transferred without, satisfaction of certain notice and other requirements, including a notice period of 50 months. The LT50 Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis at such time as all of the then-outstanding shares of LT10 and LT50 Common Stock represent, in the aggregate, less than 2% of all then-outstanding shares of common stock.

F4: The stock option vests in 48 equal monthly installments beginning on April 1, 2019.

F5: Reflects remaining portion of the stock option that originally vested in 72 equal monthly installments beginning on May 12, 2019.

F6: The stock option vests in 48 equal monthly installments beginning on April 1, 2020.

F7: The stock option vests in 48 equal monthly installments beginning on August 1, 2019.

F8: The stock option vests in 48 equal monthly installments beginning on March 11, 2018.

F9: The stock option vests in 48 equal monthly installments beginning on October 1, 2019.

F10: The stock option vests in 48 equal monthly installments beginning on April 1, 2021.

F11: The stock option vests in 48 equal monthly installments beginning on August 1, 2021.

F12: The stock option vests in 48 equal monthly installments beginning on October 16, 2021.

F13: The restricted stock units vest 12.5% on September 15, 2022 and 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th and September 15th.

F14: Each restricted stock unit represents the contingent right to receive one share of Class A common stock.

F15: Each restricted stock unit represents the contingent right to receive one share of LT50 common stock.