Expensify Says During The Fiscal Year 2023, The Company's Employees Purchased 1,010,412 Shares Of Class A Common Stock Via The Company's Stock Purchase And Matching Plan
Portfolio Pulse from Benzinga Newsdesk
Expensify, Inc. (NASDAQ:EXFY) reported that during the fiscal year 2023, its employees bought 1,010,412 shares of Class A common stock through the company's Stock Purchase and Matching Plan (SPMP), with an aggregate value of $4.3 million at an average share price of $4.21.
January 19, 2024 | 2:05 pm
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Expensify employees purchased 1,010,412 shares of Class A common stock in fiscal year 2023, indicating strong employee confidence in the company.
The purchase of a significant number of shares by employees is often viewed as a positive sign of confidence in the company's future prospects. This internal investment could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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