SoFi stock falls after announcing $1.5B public offering of common stock
Expensify, Inc. (EXFY) Chief Financial Officer Ryan Schaffer sold a total of 4,936 shares of Class A Common Stock between September 16 and September 18, 2025, for approximately $9,515. The sales occurred at prices ranging from $1.90 to $1.95, amid a challenging period for the company’s stock, which has declined over 42% in the past six months.
According to a Form 4 filing with the Securities and Exchange Commission, Schaffer also acquired shares of Expensify’s Class A Common Stock. On September 15, Schaffer acquired 9,566 shares at $1.94 and 6,098 shares at $0, for a total value of $18,558. InvestingPro analysis suggests the stock is currently undervalued, with the company maintaining a GOOD financial health score despite recent market volatility.
On the same day, Schaffer also acquired 3,922 shares of Class A Common Stock upon the exercise of restricted stock units, but the price was $0. Additionally, 3,922 Restricted Stock Units, 3,922 Restricted Stock Units and 3,922 LT50 Common Stock were transacted. For deeper insights into Expensify’s valuation and 10+ additional ProTips, visit InvestingPro, where you’ll find comprehensive analysis in our Pro Research Report.
In other recent news, Expensify Inc. reported its second-quarter 2025 earnings, revealing a significant shortfall in expectations. The company’s earnings per share (EPS) were reported at -$0.10, falling short of the forecasted $0.04, marking a surprise of -350%. Revenue for the quarter was $35.8 million, slightly below the anticipated $36.22 million. In addition to the earnings report, Expensify announced a new integration with DoorDash for Business. This collaboration aims to streamline the expense management process by automatically importing receipts into Expensify’s platform, reducing the need for manual entry. These developments reflect recent efforts by Expensify to enhance its service offerings despite the earnings miss.
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