Michael David Barrett, Chief Executive Officer at Expensify (NASDAQ:EXFY), reported a large insider sell on September 13, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Barrett sold 350,000 shares of Expensify. The total transaction amounted to $1,383,266.
Expensify shares are trading down 6.25% at $3.9 at the time of this writing on Wednesday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make ...