Expensify Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 5. Other Information
Insider Trading Arrangements
| Trading Arrangement | |||||
|---|---|---|---|---|---|
| Action · Date · Rule 10b5-1(1) · Non-Rule 10b5-1(2) · Total Shares to be Sold · Expiration Date | |||||
| Jason Mills, Director | Adopt | September 20, 2024 | X | 67,992(3) | December 20, 2026 |
| David Barrett, Chief Executive Officer | Terminate | August 14, 2024 | X | 1,322,360(4) | March 15, 2025 |
| David Barrett, Chief Executive Officer | Adopt | August 15, 2024 | X | 1,858,550(5) | May 15, 2025 |
(1)Intended to satisfy the affirmative defense of Rule 10b5-1(c).
(2)Not intended to satisfy the affirmative defense of Rule 10b5-1(c).
(3)The trading plan provides for the sale of up to 67,992 shares and terminates upon the earlier of (i) December 20, 2026 or (ii) the aggregate sale of 67,992 shares under the trading plan.
(4)The actual number of shares sold under the trading plan will depend on the current share price when sales occur, this estimation is based on the closing share price on August 14, 2024, the date the plan was terminated.
(5)The actual number of shares sold under the trading plan will depend on the current share price when sales occur, this estimation is based on the closing share price on October 28, 2024.
Certificate of Retirement
On November 7, 2024 the Company filed a Certificate of Retirement with the Secretary of State of the State of Delaware to retire 2,520 shares of LT50 common stock, par value $0.0001 per share, of the Company (“LT50 Common Stock”). All 2,520 shares of LT50 Common Stock were converted into 2,520 shares of Class A common stock, par value $0.0001 per share, of the Company (the “Class A Common Stock”), in connection in connection with the forfeiture to the Company of unvested LT50 Common Stock. The Company’s Amended and Restated Certificate of Incorporation requires that any shares of LT50 Common Stock that are converted into shares of Class A Common Stock be retired and may not be reissued.
Effective upon filing, the Certificate of Retirement amended the Amended and Restated Certificate of Incorporation of the Company to reduce the total authorized number of shares of capital stock of the Company by 2,520 shares. The total number of authorized shares of the Company is now 1,056,838,311, such shares consisting of 1,000,000,000 shares designated Class A Common Stock, 21,871,197 shares designated LT10 Common Stock, 24,967,114 shares designated LT50 Common Stock, each with a par value of $0.0001 per share, of the Company, and 10,000,000 shares designated preferred stock, par value $0.0001 per share, of the Company.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.