Hillsven SC 13G/A Expensify / Hillsven ownership change

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Schedule 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. 2)*

Expensify, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001

(Title of Class of Securities)

30219Q106

(CUSIP Number)

June 2, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

Page 1 of 10

Exhibit Index on Page 9

CUSIP# 30219Q106 Page 2 of 10

1	NAME OF REPORTING PERSONS   Hillsven LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☒
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   California

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   2,109,017 shares of Class A Common Stock (“Shares”) held directly by Hillsven LLC. FBHR Associates, LLC is the manager of Hillsven, LLC, and in such capacity may be deemed to share voting power over such shares. Jim DeMartini, as trustee of Unameit Trust, is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share voting power over such shares.
	6	SHARED VOTING POWER   See response to row 5.
	7	SOLE DISPOSITIVE POWER   2,109,017 Shares held directly by Hillsven LLC. FBHR Associates, LLC is the manager of Hillsven, LLC, and in such capacity may be deemed to share dispositive power over such shares. Jim DeMartini, as trustee of Unameit Trust, is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share dispositive power over such shares.
	8	SHARED DISPOSITIVE POWER   See response to row 7.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,109,017
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.1% (1)
12	TYPE OF REPORTING PERSON   OO

1. The percentage ownership is based on 68,037,063 shares of Class A Common Stock outstanding as of May 9, 2022, as reported in the issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on May 16, 2022.

CUSIP# 30219Q106 Page 3 of 10

1	NAME OF REPORTING PERSONS   FBHR Associates, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☒
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   California

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER 2,109,017 shares of Class A Common Stock (“Shares”) held directly by Hillsven LLC. FBHR Associates, LLC is the manager of Hillsven, LLC, and in such capacity may be deemed to share voting power over such shares. Jim DeMartini, as trustee of Unameit Trust under Declaration of Trust dated March 10, 2000 (the “Unameit Trust”), is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share voting power over such shares.
	6	SHARED VOTING POWER   See response to row 5.
	7	SOLE DISPOSITIVE POWER 2,109,017 Shares held directly by Hillsven LLC. FBHR Associates, LLC is the manager of Hillsven, LLC, and in such capacity may be deemed to share dispositive power over such shares. Jim DeMartini, as trustee of Unameit Trust, is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share dispositive power over such shares.
	8	SHARED DISPOSITIVE POWER   See response to row 7.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,109,017
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.1% (1)
12	TYPE OF REPORTING PERSON   OO

1. The percentage ownership is based on 68,037,063 shares of Class A Common Stock outstanding as of May 9, 2022, as reported in the issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on May 16, 2022.

CUSIP# 30219Q106 Page 4 of 10

1	NAME OF REPORTING PERSONS   Unameit Trust under Declaration of Trust dated March 10, 2000
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☒
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   California

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER 2,109,017 shares of Class A Common Stock (“Shares”) held directly by Hillsven LLC. FBHR Associates, LLC is the manager of Hillsven, LLC, and in such capacity may be deemed to share voting power over such shares. Jim DeMartini, as trustee of Unameit Trust, is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share voting power over such shares.
	6	SHARED VOTING POWER   See response to row 5.
	7	SOLE DISPOSITIVE POWER 2,109,017 Shares held directly by Hillsven LLC. FBHR Associates, LLC is the manager of Hillsven, LLC, and in such capacity may be deemed to share dispositive power over such shares. Jim DeMartini, as trustee of Unameit Trust, is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share dispositive power over such shares.
	8	SHARED DISPOSITIVE POWER   See response to row 7.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,109,017
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.1% (1)
12	TYPE OF REPORTING PERSON   OO

1. The percentage ownership is based on 68,037,063 shares of Class A Common Stock outstanding as of May 9, 2022, as reported in the issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on May 16, 2022.

CUSIP# 30219Q106 Page 5 of 10

1	NAME OF REPORTING PERSONS   James G.B. DeMartini III
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)  ☐        (b)  ☒
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   United States

NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER 2,109,017 shares of Class A Common Stock (“Shares”) held directly by Hillsven LLC. FBHR Associates, LLC is the manager of Hillsven, LLC, and in such capacity may be deemed to share voting power over such shares. Jim DeMartini, as trustee of Unameit Trust, is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share voting power over such shares.
	6	SHARED VOTING POWER   See response to row 5.
	7	SOLE DISPOSITIVE POWER 2,109,017 Shares held directly by Hillsven LLC. FBHR Associates, LLC is the manager of Hillsven, LLC, and in such capacity may be deemed to share dispositive power over such shares. Jim DeMartini, as trustee of Unameit Trust, is the manager of FBHR Associates, LLC, and in such capacity may be deemed to share dispositive power over such shares.
	8	SHARED DISPOSITIVE POWER   See response to row 7.

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,109,017
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9   3.1% (1)
12	TYPE OF REPORTING PERSON   IN

1. The percentage ownership is based on 68,037,063 shares of Class A Common Stock outstanding as of May 9, 2022, as reported in the issuer’s Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on May 16, 2022.

CUSIP# 30219Q106 Page 6 of 10

ITEM 1(A). NAME OF ISSUER

Expensify, Inc. (the “Issuer”)

ITEM 1(B). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

401 SW ^5th Avenue

Portland, OR 97204

ITEM 2(A). NAME OF PERSONS FILING

This Schedule is jointly filed by:

Hillsven LLC

FBHR Associates, LLC

Unameit Trust under Declaration of Trust dated March 10, 2000

James G.B. DeMartini, III

The foregoing entities and persons are collectively referred to as the “Reporting Persons.”

ITEM 2(B). ADDRESS OF PRINCIPAL OFFICE

The address for each of the Reporting Persons is:

Three Lagoon Drive, Suite 400

Redwood City, CA 94065

ITEM 2(C). CITIZENSHIP

See Row 4 of cover page for each Reporting Person.

ITEM 2(D). TITLE OF CLASS OF SECURITIES

Class A Common Stock, par value $0.0001

ITEM 2(E) CUSIP NUMBER

30219Q106

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:

Not applicable.

ITEM 4. OWNERSHIP

Amount beneficially owned:

See Row 9 of cover page for each Reporting Person.

CUSIP# 30219Q106 Page 7 of 10

	(a)   Percent of Class:
	See Row 11 of cover page for each Reporting Person.
	(b)   Number of shares as to which such person has:
	(i) Sole power to vote or to direct the vote:
	See Row 5 of cover page for each Reporting Person.
	(ii)  Shared power to vote or to direct the vote:
	See Row 6 of cover page for each Reporting Person.
	(iii)  Sole power to dispose or to direct the disposition of:
	See Row 7 of cover page for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of:
	See Row 8 of cover page for each Reporting Person.
ITEM 5.	OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following:  ☒
ITEM 6.	OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
	Not applicable.
ITEM 7.	IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
	Not applicable.
ITEM 8.	IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
	Not applicable
ITEM 9.	NOTICE OF DISSOLUTION OF GROUP.
	Not applicable
ITEM 10.	CERTIFICATION.
	Not Applicable

CUSIP# 30219Q106 Page 8 of 10

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: July 26, 2022
Hillsven LLC
By	/s/ James G.B. DeMartini, III
Printed Name: James G.B. DeMartini, III
Title: Managing Member
FBHR Associates, LLC
By: Unameit Trust
Its: Managing Member
By	/s/ James G.B. DeMartini, III
Printed Name: James G.B. DeMartini, III
Title: Trustee of Unameit Trust, Managing Member
Unameit Trust under Declaration of Trust dated March 10, 2000
By	/s/ James G.B. DeMartini, III
Printed Name: James G.B. DeMartini, III
Title: Trustee
By	/s/ James G.B. DeMartini, III
	James G.B. DeMartini, III

CUSIP# 30219Q106 Page 9 of 10

EXHIBIT INDEX

Exhibit	Found on Sequentially Numbered Page
Exhibit A: Agreement of Joint Filing	10