During the first quarter, the company completed purchases of 83,376 shares (approximately 0.1% of total outstanding common shares) including net share settlement.
Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, announced today that the company purchased 83,376 shares of its Class A common stock via net share settlement of vested equity incentive awards. This brings the total dollar amount the company has spent reducing share count to $629,000 in 2023 so far.
In May 2022, the company previously announced that its Board of Directors approved a new share repurchase program with authorization to purchase up to $50 million of shares of its Class A common stock. The company repurchased $12.1 million in 2022 (including $6.1 million in net share settlement of vested equity incentive awards).
