Is TextExpander a keylogger? Is TextExpander a safety risk? Are you spying on me? (Mac)

TextExpander never stores or sends your keystrokes anywhere. TextExpander logs up to 30 keystrokes to volatile memory, and up to 300 keystrokes when you have Suggest Snippets enabled. TextExpander clears the keystroke log when you use a keyboard shortcut or arrow key, when you switch applications, and of course it clears the log when you quit. Using TextExpander does not compromise your privacy.

See related: Does receive or store my keystrokes?