Expensify, Inc. — Director's Dealing 2021

Nov 10, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Expensify, Inc. ([EXFY])
CIK: 0001476840
Period of Report: 2021-11-09

Reporting Person: Muralidharan Anuradha (Chief Operating Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	76800	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
LT10 Common Stock	$		Class A Common Stock (102140.0)		Indirect
LT50 Common Stock	$		Class A Common Stock (89850.0)		Indirect
Stock Option	$7.21	2031-03-15	Class A Common Stock (31370.0)		Direct
Stock Option	$12.97	2031-10-12	Class A Common Stock (6880.0)		Direct
Restricted Stock Units	$	2029-12-15	Class A Common Stock (101390.0)		Direct
Restricted Stock Units	$	2029-12-15	LT50 Common Stock (101390.0)		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: Reflects remaining portion of the stock option that originally vested in 48 equal monthly installments beginning on April 1, 2021.

F5: The stock option vests in 48 equal monthly installments beginning on September 16, 2021.

F6: 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.

F7: Each restricted stock unit represents the contingent right to receive one share of Class A common stock.

F8: Each restricted stock unit represents the contingent right to receive one share of LT50 common stock.