Ryan Schaffer - 15 Dec 2025 Form 4 Insider Report for Expensify, Inc. (EXFY)

Role: Chief Financial Officer, Director
Signature: /s/ Ryan Schaffer
Issuer symbol: EXFY
Transactions as of: 15 Dec 2025
Net transactions value: -$5,963
Form type: 4
Filing time: 05 Jan 2026, 18:40:18 UTC
Previous filing: 24 Sep 2025
Next filing: 04 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Schaffer Ryan	Chief Financial Officer, Director	C/O EXPENSIFY, INC., 88 KEARNY ST, STE 1600, SAN FRANCISCO	/s/ Ryan Schaffer	05 Jan 2026	0001891061

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EXFY	Class A Common Stock	Options Exercise		+3,923	+1.9%		207,859	15 Dec 2025	Direct	F1
transaction	EXFY	Class A Common Stock	Sale	$5,963	-3,923	-1.9%	$1.52	203,936	30 Dec 2025	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EXFY	Restricted Stock Units	Options Exercise	$0	-3,923	-6.3%	$0.000000	58,837	15 Dec 2025	Class A Common Stock	3,923		Direct	F1, F4
transaction	EXFY	Restricted Stock Units	Options Exercise	$0	-3,923	-6.3%	$0.000000	58,837	15 Dec 2025	LT50 Common Stock	3,923		Direct	F4, F5
transaction	EXFY	LT50 Common Stock	Options Exercise	$0	+3,923	+6.3%	$0.000000	66,683	15 Dec 2025	Class A Common Stock	3,923		See note	F5, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") 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.
F2	Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes upon the vesting of RSUs for certain employees of the Issuer.
F3	The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.53, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	The RSUs vest 12.5% on September 15, 2022 and 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th, and September 15th.
F5	Each RSU 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.
F6	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.
F7	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.