# EDGAR Filing Document

**Accession Number:** 0001892682
**File Stem:** 0001892682-23-000005
**Filing Date:** 2023-2
**Character Count:** 13979
**Document Hash:** cf8a920f9497cd927c11a4ccb8f7a644
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001892682-23-000005.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001892682-23-000005

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230214

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Expensify, Inc.
- **CENTRAL INDEX KEY:** 0001476840
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 270239450
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93315
- **FILM NUMBER:** 23632697

**BUSINESS ADDRESS:**
- **STREET 1:** 401 SW 5TH AVENUE
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204
- **BUSINESS PHONE:** (520) 271-0858

**MAIL ADDRESS:**
- **STREET 1:** 401 SW 5TH AVENUE
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Barrett David Michael
- **CENTRAL INDEX KEY:** 0001892682

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** C/O EXPENSIFY, INC.
- **STREET 2:** 401 SW 5TH AVENUE
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204

**Securities and Exchange Commission** 

**Washington, D.C. 20549** 

**Schedule 13G** 

**(Rule 13d-102)**

**Information to be Included in Statements Filed Pursuant** 

**to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed** 

**Pursuant to § 240.13d-2**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**(Amendment No. 1)\*** 

**Expensify, Inc.** 

**(Name of Issuer)** 

**Class A Common Stock, par value $0.0001**

**(Title of Class of Securities)** 

 **30219Q106**

**(CUSIP Number)** 

**December 31, 2022**

**(Date of Event Which Requires Filing of this Statement)** 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

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The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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| | | |
|:---|:---|:---|
| CUSIP No. 30219Q106 | Schedule 13G | Page 1 of [6](#i3091f6fb287d492b806942d4a4c8dbd0_78) pages |

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&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | Names of Reporting Persons<br>**David Barrett, individually and as trustee of the Barrett Family Trust, solely in such trust's capacity as the controlling member of Barrett Trust LLC** | Names of Reporting Persons<br>**David Barrett, individually and as trustee of the Barrett Family Trust, solely in such trust's capacity as the controlling member of Barrett Trust LLC** | Names of Reporting Persons<br>**David Barrett, individually and as trustee of the Barrett Family Trust, solely in such trust's capacity as the controlling member of Barrett Trust LLC** |
| &nbsp;&nbsp; 2 | Check the Appropriate Box if a Member of a Group<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | Check the Appropriate Box if a Member of a Group<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | Check the Appropriate Box if a Member of a Group<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp; 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| &nbsp;&nbsp; 4 | Citizenship or Place of Organization<br>**United States** | Citizenship or Place of Organization<br>**United States** | Citizenship or Place of Organization<br>**United States** |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5 | Sole Voting Power<br>**2,974,788** |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6 | Shared Voting Power<br>**3,502,003** |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7 | Sole Dispositive Power<br>**2,974,788** |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8 | Shared Dispositive Power<br>**3,502,003** |
| &nbsp;&nbsp; 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>**6,476,791** | Aggregate Amount Beneficially Owned by Each Reporting Person<br>**6,476,791** | Aggregate Amount Beneficially Owned by Each Reporting Person<br>**6,476,791** |
| &nbsp;&nbsp;10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares<br>**Not applicable** | Check if the Aggregate Amount in Row (9) Excludes Certain Shares<br>**Not applicable** | Check if the Aggregate Amount in Row (9) Excludes Certain Shares<br>**Not applicable** |
| &nbsp;&nbsp;11 | Percent of Class Represented by Amount in Row 9<br>**9.4%** | Percent of Class Represented by Amount in Row 9<br>**9.4%** | Percent of Class Represented by Amount in Row 9<br>**9.4%** |
| &nbsp;&nbsp;12 | Type of Reporting Person<br>**IN; OO** | Type of Reporting Person<br>**IN; OO** | Type of Reporting Person<br>**IN; OO** |

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| | | |
|:---|:---|:---|
| CUSIP No. 30219Q106 | Schedule 13G | Page 2 of [6](#i3091f6fb287d492b806942d4a4c8dbd0_78) pages |

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&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | Names of Reporting Persons<br>**Barrett Trust LLC** | Names of Reporting Persons<br>**Barrett Trust LLC** | Names of Reporting Persons<br>**Barrett Trust LLC** |
| &nbsp;&nbsp; 2 | Check the Appropriate Box if a Member of a Group<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | Check the Appropriate Box if a Member of a Group<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ | Check the Appropriate Box if a Member of a Group<br>(a) ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ |
| &nbsp;&nbsp; 3 | SEC Use Only | SEC Use Only | SEC Use Only |
| &nbsp;&nbsp; 4 | Citizenship or Place of Organization<br>**United States** | Citizenship or Place of Organization<br>**United States** | Citizenship or Place of Organization<br>**United States** |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5 | Sole Voting Power<br>**0** |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6 | Shared Voting Power<br>**3,502,003** |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7 | Sole Dispositive Power<br>**0** |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8 | Shared Dispositive Power<br>**3,502,003** |
| &nbsp;&nbsp; 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>**3,502,003** | Aggregate Amount Beneficially Owned by Each Reporting Person<br>**3,502,003** | Aggregate Amount Beneficially Owned by Each Reporting Person<br>**3,502,003** |
| &nbsp;&nbsp;10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares<br>**Not applicable** | Check if the Aggregate Amount in Row (9) Excludes Certain Shares<br>**Not applicable** | Check if the Aggregate Amount in Row (9) Excludes Certain Shares<br>**Not applicable** |
| &nbsp;&nbsp;11 | Percent of Class Represented by Amount in Row 9<br>**5.1%** | Percent of Class Represented by Amount in Row 9<br>**5.1%** | Percent of Class Represented by Amount in Row 9<br>**5.1%** |
| &nbsp;&nbsp;12 | Type of Reporting Person<br>**OO** | Type of Reporting Person<br>**OO** | Type of Reporting Person<br>**OO** |

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| | | |
|:---|:---|:---|
| CUSIP No. 30219Q106 | Schedule 13G | Page 3 of [6](#i3091f6fb287d492b806942d4a4c8dbd0_78) pages |

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|:---|:---|
| **ITEM 1.** | **(a) Name of Issuer:** |

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Expensify, Inc. (the "Issuer").

**(b) Address of Issuer's Principal Executive Offices:** 

401 SW 5th Avenue, Portland, Oregon 97204.

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| | |
|:---|:---|
| **ITEM 2.** | **(a) Name of Person Filing:** |

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This statement is filed on behalf of David Barrett, individually and as trustee of the Barrett Family Trust, solely in such trust's capacity as the controlling member of Barrett Trust LLC (collectively, the "Reporting Persons").

The Reporting Persons have entered into a Joint Filing Agreement, dated as of February 9, 2022, a copy of which was filed as Exhibit 1 to the Schedule 13G filed by the Reporting Persons on February 9, 2022.

**(b) Address or Principal Business Office:** 

The business address of the Reporting Persons is C/O Expensify, Inc., 401 SW 5th Avenue, Portland, Oregon 97204.

**(c) Citizenship of each Reporting Person is:** 

David Barrett is a citizen of the United States, and Barrett Trust LLC is a Delaware limited liability company.

**(d) Title of Class of Securities:** 

Class A common stock, par value $0.0001 per share ("Class A Common Stock").

**(e) CUSIP Number:** 

30219Q106.

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| | | |
|:---|:---|:---|
| CUSIP No. 30219Q106 | Schedule 13G | Page 4 of [6](#i3091f6fb287d492b806942d4a4c8dbd0_78) pages |

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**ITEM 3.**

Not applicable.

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| | |
|:---|:---|
| **ITEM 4.** | **Ownership.** |

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The ownership information below represents beneficial ownership of Class A Common Stock of the Issuer as of the date hereof, based upon 68,598,512 shares of Class A Common Stock outstanding as of November 8, 2022, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Reporting Person** | **Amount beneficially owned** | **Percent of class:** | **Sole<br>power<br>to vote<br>or to<br>direct<br>the vote:** | **Shared power to dispose or to direct the disposition**<br>**of:** | **Sole<br>power to<br>dispose or<br>to direct<br>the<br>disposition**<br>**of:** | **Shared**<br>**power to**<br>**dispose or**<br>**to direct**<br>**the**<br>**disposition**<br>**of:** |
| David Barrett, individually and as trustee of the Barrett Family Trust, solely in such trust's capacity as the controlling member of Barrett Trust LLC | 6476791 | 9.4% | 2974788 | 3502003 | 2974788 | 3502003 |
| Barrett Trust LLC | 3502003 | 5.1% | 0 | 3502003 | 0 | 3502003 |

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The Reporting Persons are the beneficial owners of 3,546,881 shares of Class A Common Stock and 2,929,910 shares of Class A Common Stock that may be acquired pursuant to the exercise of stock options within 60 days of December 31, 2022. Barrett Trust LLC is a member-managed Delaware limited liability company and directly holds 3,502,003 shares of Class A Common Stock. The investment and voting decisions of Barrett Trust LLC are made by its manager, Mr. Barrett, and its controlling member is the David Barrett Family Trust, for which Mr. Barrett serves as trustee. In such capacities, Mr. Barrett may be deemed to beneficially own such shares beneficially owned by Barrett Trust LLC, in addition to the 44,878 shares of Class A Common Stock that he holds directly and the 2,929,910 shares of Class A Common Stock that he may acquire pursuant to the exercise of stock options within 60 days of December 31, 2022.

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|:---|:---|
| **ITEM 5.** | **Ownership of Five Percent or Less of a Class.** |

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Not applicable.

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|:---|:---|
| **ITEM 6.** | **Ownership of More than Five Percent on Behalf of Another Person.** |

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Not applicable.

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|:---|:---|
| **ITEM 7.** | **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.** |

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Not applicable.

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|:---|:---|
| **ITEM 8.** | **Identification and Classification of Members of the Group.** |

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| | | |
|:---|:---|:---|
| CUSIP No. 30219Q106 | Schedule 13G | Page 5 of [6](#i3091f6fb287d492b806942d4a4c8dbd0_78) pages |

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Not applicable.

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| | |
|:---|:---|
| **ITEM 9.** | **Notice of Dissolution of Group.** |

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Not applicable.

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| | |
|:---|:---|
| **ITEM 10.** | **Certifications.** |

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Not applicable.

**Exhibit Index** 

Exhibit 1 Joint Filing Agreement, incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons on February 9, 2022.

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| | | |
|:---|:---|:---|
| CUSIP No. 30219Q106 | Schedule 13G | Page 6 of [6](#i3091f6fb287d492b806942d4a4c8dbd0_78) pages |

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**SIGNATURE** 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:&nbsp;&nbsp;&nbsp;&nbsp;February 13, 2023

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| |
|:---|
| **David Barrett, individually and as trustee of the Barrett Family Trust, solely in such trust's capacity as the controlling member of Barrett Trust LLC** |
| /s/ David Barrett |
| **Barrett Trust LLC** |
| /s/ David Barrett |
| David Barrett |
| General Manager |

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