Form 4: Expensify CEO David Barrett Reports Stock Sale
SEC Form 4 Filing
Expensify's CEO, David Michael Barrett, reported the sale of 645,938 shares of Class A Common Stock at $2.34 per share on August 28, 2024.
Summary
- On August 28, 2024, David Michael Barrett, the CEO of Expensify, Inc. (EXFY), reported a transaction involving Class A Common Stock.
- Barrett sold 645,938 shares at a price of $2.34 per share.
- Following the transaction, Barrett directly owns 170,451 shares of Class A Common Stock.
- Barrett also indirectly owns 2,567,093 shares through Barrett Trust LLC.
- The investment and voting decisions of 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.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, but the market may react based on their interpretation of the sale.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders. It provides transparency into the trading activities of company executives and directors.
Stakeholder Impact
- Shareholders may react to the news of the CEO's stock sale, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 08/28/2024 | Date of stock sale transaction |
| 08/30/2024 | Date of signature on the report |
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