Barrett David Michael's Form 4/A amendment
AmendedExpensify, Inc. (EXFY) · filed Dec 19, 2024
- Accession no.
- 0001476840-24-000255
- Filed
- Dec 19, 2024
- Trade date
- Jun 18, 2024
- Filing delay
- 184 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Jun 18, 2024
This filing lists 1 non-derivative transaction. It carries over 11 transactions from the original filing that it did not restate. Open-market sales total $107.3K. It was filed 184 days after the trade.
This amendment restates part of 0001476840-24-000107 (filed Jun 18, 2024). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Barrett David MichaelCIK 0001892682 | Director, Officer (Chief Executive Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 18, 2024 | Class A Common Stock | SSaleDisposed | −33,391 | $1.30F2 | −$43,408.3 | 185,289 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001476840-24-000107 (filed Jun 18, 2024).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 14, 2024 | Class A Common Stock | CConversionAcquired | +1,485,230 | –F1 | – | 2,062,237 | Indirect | |
| Jun 14, 2024 | Class A Common Stock | SSaleDisposed | −17,740 | $1.38F4 | −$24,481.2 | 2,044,497 | Indirect | |
| Jun 14, 2024 | Class A Common Stock | AGrant or awardAcquired | +1 | $1.35 | +$1.35 | 133,669 | Direct | |
| Jun 14, 2024 | Class A Common Stock | AGrant or awardAcquired | +81,620 | $0.00 | $0 | 215,289 | Direct | |
| Jun 15, 2024 | Class A Common Stock | MOption exerciseAcquired | +14,463 | –F7 | – | 229,752 | Direct | |
| Jun 17, 2024 | Class A Common Stock | SSaleDisposed | −11,072 | $1.34F9 | −$14,836.48 | 218,680 | Direct | |
| Jun 17, 2024 | Class A Common Stock | SSaleDisposed | −17,940 | $1.37F10 | −$24,577.8 | 2,026,557 | Indirect |
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 14, 2024 | Class A Common Stock | CConversionDisposed | −1,485,230 | $0.00 | $0 | 2,114,836 | Indirect | |
| Jun 15, 2024 | Class A Common Stock | MOption exerciseDisposed | −14,463 | $0.00 | $0 | 303,726 | Direct | |
| Jun 15, 2024 | LT50 Common Stock | MOption exerciseDisposed | −14,463 | $0.00 | $0 | 303,726 | Direct | |
| Jun 15, 2024 | Class A Common Stock | MOption exerciseAcquired | +14,463 | $0.00 | $0 | 159,094 | Indirect |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F1
LT10 Common Stock converted into Class A Common Stock on a one-for-one basis.
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.35 to $1.42, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F7
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.
Referenced by the price of 1 transaction in Table I.
- F9
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.32 to $1.39, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F10
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.34 to $1.40, inclusive. The reporting person undertakes to provide to Expensify, Inc., any security holder of Expensify, Inc., 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 ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Represents the Reporting Person's pro rata portion of the total shares sold on the transaction date to cover taxes for shares granted as matched shares under the Expensify, Inc. 2021 Stock Purchase and Matching Plan ("SPMP") for certain employees of the Issuer. On June 18, 2024, the Reporting Person filed a Form 4 reporting the shares granted as matched shares but inadvertently excluded this related sale.
- F2
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 for shares granted as matched shares under the SPMP for certain employees of the Issuer. These shares were sold in multiple transactions at prices ranging from $1.27 to $1.32, 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.
Referenced by the price of 1 transaction in Table I.