UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): ~~November 6~~December 29, 2025

Expensify, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware

001-41043

27-0239450

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

88 Kearny St, Ste 1600

San Francisco, California 94108

(Address of Principal Executive Offices) (Zip Code)

(971) 365-3939

(Registrant’s telephone number, including area code)

401 SW 5th Ave, Portland, OR 97204

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐						Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

☐						Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

☐						Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

☐						Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Class A Common Stock, par value $0.0001 per share

EXFY

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 25.02 ~~Results~~Departure of ~~Operations~~Directors ~~and~~or ~~Financial~~Certain ~~Condition.~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

OnResignation ~~November 6, 2025, Expensify, Inc. (“Expensify” or the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2025. A copy~~ of ~~this~~Director ~~press release is furnished as Exhibit 99.1 to this current report on Form 8-K~~ and isChief ~~incorporated~~Operating ~~herein by reference.~~Officer

~~Item~~On 7December 29, 2025, Anu Muralidharan informed the Board of Directors (the "Board") of Expensify, Inc.~~01 Regulation~~ FD(the ~~Disclosure~~"Company") of her decision to resign from her position of Chief Operating Officer of the Company and member of the Board, as well as all other positions she held as a member of any committee of the Board, effective December 29, 2025. The decision by Ms. Muralidharan to resign was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

OnEffective ~~November 6,~~as ~~2025,~~of ~~the~~Ms. ~~Company~~Muralidharan's ~~posted~~departure anas ~~investor~~Chief ~~presentation~~Operating toOfficer, ~~its~~Daniel ~~website~~Vidal, ~~at https://ir.expensify.com (~~the ~~“Investor~~Company's ~~Presentation”).~~Chief AStrategy ~~copy~~Officer ofand ~~the~~Director, ~~Investor~~will ~~Presentation~~assume isher ~~furnished~~responsibilities. ~~as Exhibit 99~~Ms.2 toMuralidharan ~~this current report on Form 8-K and~~ is ~~incorporated~~assisting ~~herein~~with ~~by reference. The Company expects to use~~ the ~~Investor Presentation~~transition, ~~in whole or in part,~~ and ~~possibly~~the ~~with~~Company ~~modifications,~~does innot ~~connection~~anticipate ~~with~~any ~~presentations~~disruption to ~~investors,~~its ~~analysts~~operations ~~and~~or ~~others~~strategic roadmap.

~~The~~Separation information contained in the Investor Presentation is summary information that is intended to be considered in the context of the Company’s Securities and Exchange Commission (“SEC”) filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Investor Presentation speaks only as of the date of this current report on Form 8-K. The Company undertakes no duty or obligation to publicly update or revise the information included in the Investor Presentation, although it may do so from time to time. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or other public disclosure. In addition, the exhibit furnished herewith contains statements intended as “forward-looking statements” that are subject to the cautionary statements about forward-looking statements set forth in such exhibit. By furnishing the information contained in the Investor Presentation, the Company makes no admission as to the materiality of any information in the Investor Presentation that is required to be disclosed solely by reason of Regulation FD.Agreement

~~The~~In ~~information~~connection ~~contained~~with inher ~~Item~~departure ~~2.02~~from ~~and~~the ~~this~~Company, ~~Item~~on ~~7.01~~December 29, ~~including~~2025, ~~Exhibits~~the ~~99.1~~Company ~~and~~entered 99into a Separation Agreement with Ms.2 Muralidharan (the “Separation Agreement”), ispursuant ~~being~~to ~~furnished~~which, ~~and~~among ~~shall~~other ~~not~~things, Ms. Muralidharan will be ~~deemed~~entitled ~~“filed”~~to ~~for~~receive ~~purposes~~$550,000, inclusive of ~~Section~~attorney’s 18fees, 2/3 of ~~the~~which ~~Securities~~is ~~Exchange~~payable ~~Act~~within 30 days of ~~1934,~~the asADEA ~~amended~~Effective Date (~~the~~as ~~“Exchange~~defined ~~Act”),~~in orthe ~~otherwise~~Separation ~~subject~~Agreement) toand the ~~liabilities~~remaining 1/3 of ~~that~~which ~~section,~~is ~~nor~~payable ~~shall~~90 itdays befollowing ~~deemed~~the ~~incorporated~~initial bypayment. ~~reference~~These inpayments ~~any~~and ~~filing~~benefits ~~made~~will bybe ~~Expensify~~provided ~~under~~to ~~the~~Ms. ~~Securities~~Muralidharan ~~Act~~in exchange for a release of ~~1933,~~claims asin ~~amended,~~favor orof the ~~Exchange~~Company ~~Act,~~and ~~except~~its asaffiliates ~~expressly~~and ~~set~~continued ~~forth~~compliance bywith ~~specific~~the ~~reference~~Separation inAgreement ~~such~~and aany ~~filing~~restrictive covenants.

The foregoing description of the Separation Agreement is not complete and is subject to and qualified in its entirety by the terms of the Separation Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Appointment of Director

On December 29, 2025, the Board appointed Carlos Alvarez Divo, the Company's Director of Engineering, to fill the vacancy created by the resignation of Ms. Muralidharan, effective as of December 29, 2025. Mr. Alvarez Divo was also appointed to serve as a member of the Executive Committee and Compensation Committee of the Board. Mr. Alvarez Divo will serve as a director until the Company’s 2026 Annual Meeting of Stockholders, or until his successor has been duly elected and qualified, or upon his earlier resignation, retirement or other termination of service.

Mr. Alvarez Divo has served as the Company’s Director of Engineering since February 2019. Mr. Alvarez Divo previously served as our Head of Core Services from April 2016 to February 2019, Head of Mobile from November 2014 to April 2016, and our Head of Web from October 2013 to November 2014.

Mr. Alvarez Divo will not receive any compensation as a member of the Board. Mr. Alvarez Divo has entered into the Company’s standard form of indemnity agreement for directors of the Company, pursuant to which the Company, subject to specified conditions, will indemnify Mr. Alvarez Divo to the fullest extent permitted by applicable law for all expenses and liabilities incurred in connection with any threatened, pending or completed proceeding arising out of his service to the Company, including the advancement of expenses in certain circumstances. A copy of the form of indemnification agreement is included as Exhibit 10.25 to the Company’s Annual Report on Form 10-K filed with the SEC on February 27, 2025. There is no arrangement between Mr. Alvarez Divo and any other person pursuant to which Mr. Alvarez Divo was appointed as a director. Mr. Alvarez Divo does not have any family relationships with any of the Company’s directors or executive officers. From January 1, 2024 through December 29, 2025, Mr. Alvarez Divo received an aggregate of $1,889,362 cash compensation and $337,325 stock-based compensation in connection with his employment with us as Director of Engineering. Mr. Alvarez Divo does not have any other direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
99.1						Press Release issued by Expensify, Inc., dated November 6, 2025.
10.1						Separation Agreement and Release between Expensify, Inc. and Anu Muralidharan, dated December 29, 2025.
99.2						Investor Presentation, dated November 6, 2025.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Expensify, Inc.

By:						/s/ Ryan Schaffer
Name:						Ryan Schaffer
Title:						Chief Financial Officer

Date: ~~November 6~~December 30, 2025

Filing Compare · Expensify, Inc.