Expensify (EXFY) director discloses Class A, LT stock and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Expensify, Inc. director Carlos Eduardo Alvarez Divo reports his equity holdings as of 12/29/2025. He directly owns 328,072 shares of Class A common stock. He also indirectly holds 184,167 shares of LT10 Common Stock and 164,100 shares of LT50 Common Stock through the Expensify Voting Trust, while retaining investment control and dispositive power.
Both LT10 and LT50 Common Stock are convertible into Class A common stock on a one-to-one basis after specified notice periods and will automatically convert when LT10 and LT50 together fall below 2% of total common stock. In addition, he holds fully vested stock options for 65,140, 16,380 and 6,540 shares of Class A common stock at exercise prices of $0.97, $7.21 and $12.97, respectively, plus 37,012 restricted stock units tied to Class A common stock and 37,012 restricted stock units tied to LT50 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Alvarez Divo Carlos Eduardo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | LT10 Common Stock | -- | -- | -- |
| holding | LT50 Common Stock | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
LT10 Common Stock — 184,167 shares (Indirect, See note);
LT50 Common Stock — 164,100 shares (Indirect, See note);
Stock Option — 65,140 shares (Direct);
Restricted Stock Units — 37,012 shares (Direct);
Class A Common Stock — 328,072 shares (Direct)
Footnotes (1)
- The LT10 Common Stock is convertible into the Issuer's Class A Common Stock on a one-to-one basis only upon, and generally cannot be transferred without, satisfaction of certain notice and other requirements, including a notice period of 10 months. The LT10 Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis at such time as all of the then-outstanding shares of LT10 and LT50 Common Stock represent, in the aggregate, less than 2% of all then-outstanding shares of common stock. Deposited into the Expensify Voting Trust (the "Voting Trust"). The Reporting Person retains investment control and dispositive power over the shares deposited into the Voting Trust. The LT50 Common Stock is convertible into the Issuer's Class A Common Stock on a one-to-one basis only upon, and generally cannot be transferred without, satisfaction of certain notice and other requirements, including a notice period of 50 months. The LT50 Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis at such time as all of the then-outstanding shares of LT10 and LT50 Common Stock represent, in the aggregate, less than 2% of all then-outstanding shares of common stock. The stock option is fully vested and currently exercisable. Reflects the remaining number of restricted stock units ("RSUs") that vested 12.5% on September 15, 2022 and began vesting 1/32nd each quarter thereafter, on December 15th, March 15th, June 15th and September 15th. Each RSU represents the contingent right to receive one share of Class A common stock. Each RSU represents the contingent right to receive one share of LT50 common stock.
FAQ
Who is the reporting person in Expensify (EXFY)'s Form 3?
The reporting person is Carlos Eduardo Alvarez Divo, who serves as a director of Expensify, Inc. and is filing individually.
What LT10 and LT50 Common Stock holdings are reported for the Expensify director?
He indirectly holds 184,167 shares of LT10 Common Stock and 164,100 shares of LT50 Common Stock, deposited into the Expensify Voting Trust, while retaining investment control and dispositive power.
What Expensify restricted stock units (RSUs) are reported in this Form 3?
The filing reports 37,012 RSUs representing the right to receive one share of Class A common stock each and 37,012 RSUs representing the right to receive one share of LT50 common stock each. These reflect remaining RSUs from an award that vested 12.5% on September 15, 2022 and then 1/32nd each quarter on December 15, March 15, June 15 and September 15.
What is the Expensify Voting Trust mentioned in the Form 3 footnotes?
Certain LT10 and LT50 shares are deposited into the Expensify Voting Trust. The footnotes state that the reporting person retains investment control and dispositive power over the shares deposited into this Voting Trust.