Expensify, Inc. — Form 10-Q

Expensify's Amended and Restated Certificate of Incorporation establishes a multi-class voting structure: Class A Common (1 vote/share), LT10 Common (10 votes/share), and LT50 Common (50 votes/share). Multiple Certificates of Retirement filed between April 2022 and August 2026 document the conversion of LT10 and LT50 shares into Class A shares—cumulative total of approximately 3.3M shares converted. These conversions occur automatically upon transfer outside the Expensify Voting Trust or voluntarily after notice periods (10 months for LT10, 50 months for LT50), or when LT shares fall below 2% of outstanding common. The Voting Trust mechanism preserves high-vote control so long as it holds ≥50% voting power. No dollar amounts or counterparties named; share counts and dates provided for each conversion.