Business
Expensify Executives and Employees Purchase Common Shares
During the 2nd quarter, Expensify employees purchased 140,158 shares, with executives purchasing 18,246 shares. PORTLAND, Ore.--(BUSINESS WIRE)-- Expensify,
About this update from Expensify, Inc.
[{"type":"text","content":"\nDuring the 2nd quarter, Expensify employees purchased 140,158 shares, with executives purchasing 18,246 shares.\n\n\n PORTLAND, Ore.--(BUSINESS WIRE)--\nExpensify, 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 30th, the Company’s employees purchased 140,158 shares of Class A common stock via its Stock Purchase and Matching Plan (SPMP). Executives' purchases made up 18,246 of those shares.\n\n\nAt the time of the purchase, the aggregate value of the purchased shares was $977 thousand based on a $6.97 market share price.\n\n\nForward-Looking Statements\n\n\nForward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding our long term prospects. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the economic, political and social impact of, and uncertainty relating to, the COVID-19 pandemic; the war in Ukraine 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 organizations into paying customers; the timing and succ...