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Expensify, Inc. — Director's Dealing 2021
Nov 16, 2021
33772_dirs_2021-11-15_5dd1de1b-e4c1-4b3e-b990-ad17183f3e30.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Expensify, Inc. ([EXFY])
CIK: 0001476840
Period of Report: 2021-11-15
Reporting Person: Mills Jason Fahr (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 622890 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| LT10 Common Stock | $ | Class A Common Stock (576720.0) | Indirect | ||
| LT50 Common Stock | $ | Class A Common Stock (519640.0) | Indirect | ||
| Stock Option | $12.97 | 2031-10-12 | Class A Common Stock (10130.0) | Direct | |
| Restricted Stock Units | $ | 2029-12-15 | Class A Common Stock (122280.0) | Direct | |
| Restricted Stock Units | $ | 2029-12-15 | LT50 Common Stock (122280.0) | 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 October 16, 2021.
F5: 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.
F6: Each restricted stock unit represents the contingent right to receive one share of Class A common stock.
F7: Each restricted stock unit represents the contingent right to receive one share of LT50 common stock.