Expensify, Inc. 8-K

What Happened
Expensify, Inc. announced on May 13, 2026 that it has commenced a modified "Dutch auction" tender offer to buy back up to $25,000,000 of its Class A common stock. The company set a price range of $0.98 to $1.20 per share. The Tender Offer is scheduled to expire at 12:00 midnight, New York City time, at the end of the day on June 10, 2026, unless extended or terminated. Tendering instructions and full offer materials have been filed with the SEC.

Key Details

• Aggregate maximum purchase: $25,000,000.
• Price range per share: not less than $0.98 and not more than $1.20.
• No minimum: the offer is not conditioned on any minimum number of shares being tendered.
• No financing condition: the offer is not subject to securing external financing.
• Expiration: midnight (NYC) on June 10, 2026, unless extended.

Why It Matters
If shares are accepted, Expensify will spend up to $25 million to repurchase Class A common stock, which would reduce the number of shares outstanding. The announced per-share range sets the price holders will receive if they tender, and the lack of a financing condition indicates the company does not need external funding to complete purchases. Investors should review the official tender offer documents filed with the SEC for instructions, eligibility rules, and potential effects on ownership and liquidity before deciding whether to tender shares.