Steven J. McLaughlin, a director and 10% owner of Expensify, Inc. (NASDAQ:EXFY), filed an amended Form 4/A on November 13, 2026, correcting a previously reported transaction code for sales of Class A Common Stock that occurred November 9 through November 11, 2026.

Key Highlights

  • Amendment purpose: The filing was made solely to correct the transaction code in Table I, which was inadvertently reported as "P" (purchase) and has been corrected to "S" (sale).
  • November 9 sale: 181,553 shares of Class A Common Stock disposed of at a weighted average price of $1.853, with actual prices ranging from $1.785 to $1.90, inclusive.
  • November 10 sale: 196,809 shares disposed of at a weighted average price of $1.693, with actual prices ranging from $1.655 to $1.81, inclusive.
  • November 11 sale: 179,186 shares disposed of at a weighted average price of $1.781, with actual prices ranging from $1.71 to $1.81, inclusive.
  • Remaining beneficial ownership: Following the three transactions, the Steven J. McLaughlin Revocable Trust directly holds 11,645,845 shares; EXP 2020 SPV LP separately holds 1,783,610 shares, each reported as indirect beneficial ownership.
  • Trust structure: All sold shares were owned directly by the Steven J. McLaughlin Revocable Trust, of which McLaughlin is the sole trustee.

McLaughlin's Corrected Sales of Expensify Class A Shares, November 9-11, 2026

According to the amended filing, Steven J. McLaughlin, identified as a director and 10% owner of Expensify, Inc., sold a combined 557,548 shares of Class A Common Stock across three consecutive trading days. The shares were held and disposed of directly by the Steven J. McLaughlin Revocable Trust, with McLaughlin serving as sole trustee. The amendment was filed, the filing states, "solely to correct the transaction code in Table 1, which was inadvertently reported as P and has been corrected to S."

The three transactions carried weighted average sale prices of $1.853 on November 9, $1.693 on November 10, and $1.781 on November 11, 2026. The filing notes that actual per-share prices spanned defined ranges on each day and that the reporting persons have undertaken to provide the issuer, any security holder, or SEC staff with full information on the number of shares sold at each separate price within those ranges.

In addition to the Trust's direct holdings, the filing discloses 1,783,610 shares held indirectly through EXP 2020 SPV LP. According to the filing, SF Roofdeck GP LLC serves as the general partner of EXP 2020 SPV LP, and Roofdeck is wholly owned by the Trust. The filing states that McLaughlin "disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein." No derivative securities transactions were reported in Table II.

What Was Disclosed

The amended Form 4/A discloses three sales of Class A Common Stock totaling 557,548 shares by entities connected to director and 10% owner Steven J. McLaughlin between November 9 and November 11, 2026, and corrects a prior filing's transaction code from "P" to "S."