Expensify Announces Employee & Executive Share Purchases

Rhea-AI Summary

Expensify, Inc. (Nasdaq: EXFY) announced that during the 2nd quarter of 2022, employees purchased a total of 67,466 shares via its Stock Purchase and Matching Plan, with executives accounting for 17,101 shares. The total value of the shares purchased reached $1,175,258 for employees and $297,899 for executives at a market price of $17.42 per share.

This move reflects an investment in the company's growth and confidence from its workforce.

Positive

• Employees purchased 67,466 shares, indicating strong internal confidence.
• Executives purchased 17,101 shares, highlighting leadership's investment in the company's future.
• Total value of shares purchased was $1,175,258, demonstrating significant employee engagement.

Negative

• None.

During the 2nd Quarter Expensify Employees purchased 67,466 shares, with Executives purchasing 17,101 shares

PORTLAND, Ore.--(BUSINESS WIRE)-- Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, announced today that during the quarter ended June 30, 2022 the Company’s employees purchased 67,466 shares of company stock via its Stock Purchase and Matching Plan. Executives' purchases made up 17,101 of those shares. At the time of the purchase, the value of the purchased shares were $1,175,258 and $297,899 respectively based on a $17.42 market share price.

About Expensify

Expensify is a payments superapp that helps individuals and businesses around the world simplify the way they manage money. More than 10 million people use Expensify's free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app. All free. Whether you own a small business, manage a team, or close the books for your clients, Expensify makes it easy so you have more time to focus on what really matters.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005225/en/

Nick Tooker, press@expensify.com

Source: Expensify, Inc.

FAQ

What was the total number of shares purchased by Expensify employees in Q2 2022?

In Q2 2022, Expensify employees purchased a total of 67,466 shares.

How many shares did Expensify executives buy in Q2 2022?

Expensify executives purchased 17,101 shares during Q2 2022.

What was the market price per share for Expensify during employee purchases?

The market price per share for Expensify during the purchases was $17.42.

What was the total value of shares purchased by Expensify employees and executives?

The total value of shares purchased was $1,175,258 by employees and $297,899 by executives.

What does the share purchase indicate about Expensify's workforce confidence?

The share purchases indicate strong internal confidence in Expensify's business outlook from both employees and executives.