Expensify, Inc. (NASDAQ:EXFY) (the "Company"), the easiest way to manage expenses, corporate cards, and travel, today announced the preliminary results of its modified "Dutch auction" tender offer (the "Tender Offer") to purchase for cash up to $25,000,000 of its outstanding shares of Class A common stock, par value $0.0001 per share ("Class A common stock" or the "shares"), at a price per share not less than $0.98 and not more than $1.20, less any applicable withholding taxes and without interest, which expired at 12:00 midnight, New York City time, at the end of the day on June 10, 2026.

In accordance with the terms and conditions of the Tender Offer and based on the preliminary count by the depositary, the Company expects to repurchase a total of 6,140,642 shares of Class A common stock through the Tender Offer at a price of $1.20 per share, for a total cost of $7,368,770.40, excluding fees and expenses. Based on the preliminary count by the depositary for the Tender Offer, a total of 6,140,642 shares of Class A common stock were validly tendered and not validly withdrawn at or below the price of $1.20 per share, including 717,389 shares that were tendered through notice of guaranteed delivery.

The total of 6,140,642 shares that the Company expects to accept for repurchase would result in a reduction of the Company's total outstanding shares of Class A common stock as of June 10, 2026 of approximately 6.9%.

As previously disclosed, the Company expects to fund the purchase of shares in the Tender Offer with cash on hand.