Form 4: Expensify Director Vidal Daniel Corrects Clerical Error in Stock Purchase Plan
SEC Form 4
Director Vidal Daniel surrendered 542 Class A Common Stock shares to Expensify, Inc. to correct an over-allocation of shares under the company's 2021 Stock Purchase and Matching Plan.
Summary
- On August 6, 2024, Expensify, Inc. Director Vidal Daniel surrendered 542 shares of Class A Common Stock.
- This transaction was to correct a clerical error related to the company's 2021 Stock Purchase and Matching Plan (SPMP).
- The error resulted in Mr. Vidal receiving an excess of SPMP Matching Shares for the purchase period ending June 15, 2024.
- Following the transaction, Mr. Vidal directly owns 176,107 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document describes a routine correction of a clerical error, which is neutral to slightly positive as it demonstrates attention to detail and compliance.
Industry Context
This is a standard regulatory filing related to insider transactions. It is common for directors and officers to have transactions in their company's stock, and these are reported to the SEC to ensure transparency.
Stakeholder Impact
- The correction of the clerical error ensures fair allocation of shares under the SPMP, benefiting all participants.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | End of purchase period for SPMP where clerical error occurred |
| 08/06/2024 | Date of transaction where Vidal Daniel surrendered shares |
| 08/19/2024 | Date of signature on the form |
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