Expensify Executives and Employees Purchase Common Shares
January 04 2023 - 9:00AM
Business Wire
During the fourth quarter, Expensify
employees purchased 130,291 shares, with executives purchasing
37,242 shares.
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 December 31, 2022, the
Company’s employees purchased 130,291 shares of Class A common
stock via its Stock Purchase and Matching Plan (SPMP). Executives'
purchases made up 37,242 of those shares.
"I am contributing 100% of my salary to our SPMP program," said
David Barrett, Founder and CEO of Expensify. "I'm not surprised
that other employees and executives feel the same as I do –
confident in our long-term prospects and excited for the
future."
At the time of the purchase, the aggregate value of the
purchased shares were $1,239,067 based on a $9.51 market share
price. The Company’s employees purchased 272,909 shares in 2022
based on an average $13.45 market share price. Executives’
purchases made up 74,891 of those shares in 2022.
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historical facts, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
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and escalating geopolitical tensions as a result of Russia's
invasion of Ukraine; our expectations regarding our financial
performance and future operating performance; our ability to
attract and retain members, expand usage of our platform, sell
subscriptions to our platform and convert individuals and
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features, integrations, capabilities and enhancements by us, or by
competitors to their products, or any other changes in the
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and the adequacy of our reserves; our ability to effectively manage
our growth and expand our infrastructure and maintain our corporate
culture; our ability to identify, recruit and retain skilled
personnel, including key members of senior management; the safety,
affordability and convenience of our platform and our offerings;
our ability to successfully defend litigation brought against us;
our ability to successfully identify, manage and integrate any
existing and potential acquisitions of businesses, talent,
technologies or intellectual property; general economic conditions
in either domestic or international markets, including the societal
and economic impact of the COVID-19 pandemic, and geopolitical
uncertainty and instability; our protections against security
breaches, technical difficulties, or interruptions to our platform;
our ability to maintain, protect and enhance our intellectual
property; and other risks discussed in our filings with the SEC.
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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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230104005206/en/
Nick Tooker, investors@expensify.com
Expensify (NASDAQ:EXFY)
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