Expensify, Inc. — Director's Dealing 2022

Sep 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Expensify, Inc. ([EXFY])
CIK: 0001476840
Period of Report: 2022-09-15

Reporting Person: Barrett David Michael (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-09-15	Class A Common Stock	A	11631	$16.70	Acquired	22849	Direct
2022-09-15	Class A Common Stock	A	1143	—	Acquired	23992	Direct
2022-09-15	Class A Common Stock	M	57853	—	Acquired	81845	Direct
2022-09-15	Class A Common Stock	F	48924	$16.25	Disposed	32921	Direct
2022-09-15	Class A Common Stock	C	2691	—	Acquired	3591331	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-09-15	Restricted Stock Units	$	M	57853	Disposed	2029-12-15	Class A Common Stock (57853.0)	Direct
2022-09-15	Restricted Stock Units	$	M	57853	Disposed	2029-12-15	LT50 Common Stock (57853.0)	Direct
2022-09-15	LT50 Common Stock	$	M	57853	Acquired		Class A Common Stock (57853.0)	Indirect
2022-09-15	LT50 Common Stock	$	C	2691	Disposed		Class A Common Stock (2691.0)	Indirect

Footnotes

F1: Shares purchased pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP").

F2: Shares granted as matched shares pursuant to the SPMP.

F3: Each restricted stock unit represents the contingent right to receive one share of Class A common stock. This transaction represents the settlement of vested RSUs in shares of Class A Common Stock.

F4: LT50 Common Stock converted into Class A Common Stock on a one-for-one basis.

F5: 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.

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 LT50 common stock. This transaction represents the settlement of vested RSUs in shares of LT50 Common Stock.

F8: 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.

F9: 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.