Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On February 26, 2025, our Board of Directors authorized a share repurchase program of up to $100 million and expires in February 2027. Under the program, we may repurchase shares of common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions and 10b5-1 trading plans .
(in thousands, except per share data)
Period
Total Number of Shares Purchased
Average Price Paid Per Share
Total Number of Shares Purchased as Part of Publicly Announced Program (1)
Approximate Dollar Value of Shares That May Yet be Purchased Under the Program (2)
February 26-February 28, 2025
—
$
—
—
$
100,000
March 1-March 31, 2025
173
$
8.66
173
$
98,500
April 1-April 30, 2025
653
$
7.87
653
$
93,360
May 1-May 31, 2025
—
$
—
—
$
93,360
June 1-June 30, 2025
—
$
—
—
$
93,360
July 1-July 31, 2025
—
$
—
—
$
93,360
August 1-August 31, 2025
—
$
—
—
$
93,360
September 1-September 30, 2025
—
$
—
—
$
93,360
Year-to-date
826
826
(1) On February 26, 2025, our Board of Directors authorized a share repurchase program of up to $100 million and expires in February 2027. Under the program, we may repurchase shares of common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions and 10b5-1 trading plans .
(2) During the nine months ended September 30, 2025, we repurchased in open-market transactions and retired approximately 826 thousand shares of our common stock for an aggregate of $6.6 million, or an average price per share of $8.04.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.