MEDIFAST, INC.

Medifast, Inc. is a health and wellness company with over 40 years of experience, known for its science-backed, coach-guided lifestyle system. As of 2026, the company is focusing on execution, using its experience in structured weight loss and recent scientific research and product enhancements to serve the broader metabolic health market. Medifast addresses the root cause of metabolic dysfunction. This strategy targets a larger and more sustainable market, aiming for long-term growth over the next decade by aligning science, products, and coaching with increasing demand for solutions as awareness of metabolic dysfunction grows. This growth is supported by improving coach productivity and expanding the coach network. The company operates a well-capitalized business with a lifestyle solution and a business model that has impacted over 3 million lives. For the quarter ended December 31, 2025, Medifast had a network of approximately 16,100 active earning independent coaches. Medifast offers evidence-based wellness solutions, and its coach-first model creates opportunities for coaches' individual businesses. This model is designed to create a "flywheel effect" where new clients join, increasing coach productivity, which attracts new active earning coaches, leading to more new clients and further productivity. The company provides a comprehensive approach to achieving optimal metabolic health and well-being, empowering individuals to make lasting changes. Clients are guided by coaches, approximately 90% of whom were clients first, through their wellness journey. Scientifically developed products and a habit creation framework, reinforced by coaches and community support, provide health benefits and serve as a foundation for a comprehensive metabolic health system. Medifast innovates based on its scientific and clinical heritage to achieve its mission of Lifelong Transformation, Making a Healthy Lifestyle Second Nature®. Coaches provide support, community, nutrition, and healthy habits.