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Expensify, Inc. — Director's Dealing 2021
Nov 10, 2021
33772_dirs_2021-11-09_2240b81c-7d68-400c-b85c-15e153df711f.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: 2021-11-09
Reporting Person: Barrett David Michael (Director, Chief Executive Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 3588640 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| LT10 Common Stock | $ | Class A Common Stock (3588640.0) | Indirect | ||
| LT50 Common Stock | $ | Class A Common Stock (3588640.0) | Indirect | ||
| Stock Option | $0.21 | 2024-11-24 | Class A Common Stock (473930.0) | Direct | |
| Stock Option | $0.21 | 2024-11-24 | Class A Common Stock (1111710.0) | Direct | |
| Stock Option | $1.07 | 2025-04-12 | Class A Common Stock (1302720.0) | Direct | |
| Stock Option | $1.6 | 2030-06-21 | Class A Common Stock (41550.0) | Direct | |
| Restricted Stock Units | $ | 2029-12-15 | Class A Common Stock (462820.0) | Direct | |
| Restricted Stock Units | $ | 2029-12-15 | LT50 Common Stock (462820.0) | Direct |
Footnotes
F1: By David Barrett Trust LLC, a manager-managed limited liability company. The investment and voting decisions of David 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.
F2: 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.
F3: 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.
F4: 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.
F5: The stock option is fully vested and currently exercisable.
F6: The stock option vests in 78 equal monthly installments beginning on May 12, 2019.
F7: The stock option vests in 48 equal monthly installments beginning on April 1, 2020.
F8: 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.
F9: Each restricted stock unit represents the contingent right to receive one share of Class A common stock.
F10: Each restricted stock unit represents the contingent right to receive one share of LT50 common stock.