Form 4: Expensify CFO's Stock Plan Transactions Reported

Expensify CFO Ryan Schaffer reported recent acquisitions and a tax-related sale of Class A Common Stock under the company's stock plan.

Summary

• Ryan Schaffer, Chief Financial Officer and Director of Expensify, Inc. (EXFY), reported transactions involving Class A Common Stock.
• On December 15, 2025, Schaffer acquired 13,555 shares of Class A Common Stock at a price of $1.65 per share, pursuant to the Expensify, Inc. 2021 Stock Purchase and Matching Plan (SPMP).
• Also on December 15, 2025, Schaffer was granted 7,076 shares of Class A Common Stock as matched shares under the SPMP, with a transaction price of $0.
• On December 17, 2025, Schaffer disposed of 2,632 shares of Class A Common Stock at a weighted average price of $1.55 per share.
• This sale represented Schaffer's pro rata portion of shares sold to cover taxes for matched shares granted under the SPMP for certain employees of Expensify.
• Following these transactions, Schaffer beneficially owns 203,936 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports routine insider stock transactions, including both acquisitions and a tax-related sale, which is a common occurrence for executives with equity compensation plans. It does not indicate a significant shift in sentiment or company performance.

Positives

• Ryan Schaffer acquired a total of 20,631 shares (13,555 purchased and 7,076 matched) of Expensify Class A Common Stock, increasing his overall beneficial ownership.
• The acquisition of 7,076 shares at $0 as matched shares under the SPMP represents a direct benefit to the CFO.

Negatives

• Ryan Schaffer sold 2,632 shares of Class A Common Stock, reducing his direct beneficial ownership, although this was for tax coverage related to matched shares.

Industry Context

This filing details a routine insider transaction, common for executives participating in employee stock purchase and matching plans. It does not provide information on broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The transactions represent a minor change in insider ownership, with the CFO increasing his overall holdings through the company's stock plan, which can be viewed as a positive signal of alignment with shareholder interests.

Key Dates

Keywords

Expensify, EXFY, Form 4, Insider Transaction, Stock Purchase Plan, CFO, Ryan Schaffer, Equity Compensation