Octopus Head, Inc., 415 Foundation, and Witold Stankiewicz filed Amendment No. 2 to a Schedule 13G with the SEC on November 10, 2026, disclosing beneficial ownership of 5,400,000 shares of Expensify, Inc. Class A Common Stock as of September 23, 2026.

Key Highlights

  • Beneficial ownership: Octopus Head, Inc. is reported as the direct beneficial owner of 5,400,000 shares of Expensify, Inc. Class A Common Stock, par value $0.0001 per share.
  • Percent of class: The 5,400,000 shares represent 6.8% of the class, according to the filing.
  • Shared power only: All three reporting persons report 0 shares with sole voting or sole dispositive power; each reports 5,400,000 shares with shared voting and shared dispositive power.
  • Ownership structure: 415 Foundation is the sole stockholder of Octopus Head, Inc.; Witold Stankiewicz is the sole director of Octopus Head, Inc. and the controlling person of 415 Foundation.
  • Triggering event date: The date of the event requiring this filing is stated as September 23, 2026.
  • Jurisdictions: Octopus Head, Inc. is organized in the Seychelles; 415 Foundation is a Panama foundation; Witold Stankiewicz is a citizen of Poland.

Ownership Structure and Shared Control Disclosed in Expensify 13G Amendment

According to the filing, Octopus Head, Inc. holds direct beneficial ownership of 5,400,000 shares of Expensify, Inc. Class A Common Stock, representing 6.8% of that class. The filing identifies the CUSIP number for these shares as 30219Q106. The event requiring the amendment occurred on September 23, 2026, and the statement was signed and dated November 10, 2026.

The filing describes a layered ownership arrangement. As stated in the document, "415 Foundation is the sole stockholder of Octopus Head, Inc., and in such capacity may be deemed to share voting and dispositive power over such shares. Witold Stankiewicz is the sole director of Octopus Head, Inc. and the controlling person of 415 Foundation, and in such capacity may be deemed to share voting and dispositive power over such shares." All three reporting persons - Octopus Head, Inc. (a Seychelles corporation), 415 Foundation (a Panama foundation), and Witold Stankiewicz (a Polish citizen) - each report shared voting power and shared dispositive power over all 5,400,000 shares, with no sole voting or sole dispositive power attributed to any of them.

The filing states that ownership of more than 5% on behalf of another person is not applicable, and no group dissolution or subsidiary identification items apply. Expensify, Inc. is listed on NASDAQ:EXFY, with its principal offices at 88 Kearny St, Ste 1600, San Francisco, CA 94108, as identified in the filing.

What Was Disclosed

Three reporting persons - Octopus Head, Inc., 415 Foundation, and Witold Stankiewicz - jointly filed Amendment No. 2 to a Schedule 13G disclosing shared beneficial ownership of 5,400,000 shares, equal to 6.8%, of Expensify, Inc. Class A Common Stock as of September 23, 2026.