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 through February 2027. We do not intend to make use of the authorized repurchase program.
(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
October 1-October 31, 2025
—
$
—
—
$
93,360
November 1-November 30, 2025
1,129
$
3.10
1,129
$
89,860
December 1-December 31, 2025
—
$
—
—
$
89,860
January 1-January 31, 2026
—
$
—
—
$
89,860
February 1-February 28, 2026
—
$
—
—
$
89,860
March 1-March 31, 2026
—
$
—
—
$
89,860
April 1-April 30, 2026
—
$
—
—
$
89,860
May 1-May 31, 2026
—
$
—
—
$
89,860
June 1-June 30, 2026
—
$
—
—
$
89,860
Total (3)
1,955
1,955
(1) On February 26, 2025, our Board of Directors authorized a share repurchase program of up to $100 million. The program expires in February 2027. We do not intend to make use of the authorized repurchase program.
(2) During the period from February 26, 2025 (the date the share repurchase program was authorized) through June 30, 2026, we repurchased shares in open-market transactions and retired approximately 2.0 million shares of our common stock for an aggregate of $10 million, or a weighted average price per share of $5.19.
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(3) Represents the period from February 26, 2025 (the date the share repurchase program was authorized) through June 30, 2026.
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.