AXCELIS TECHNOLOGIES INC 10-Q

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities. ​ In February 2022, our Board of Directors authorized a share repurchase program for up to $100 million of the Company’s common stock. This program was announced on March 1, 2022. In August 2023, our Board of Directors approved additional funding of $200 million for our stock repurchase program, to be available upon the full utilization of the $100 million repurchase funding approved in February 2022. In March 2025, we announced that the Board of Directors approved an additional funding of $100 million for share repurchases. The Company’s share repurchase program does not have an expiration date. ​ The following table summarizes the stock repurchase activity, based upon settlement date, for the three months ended March 31, 2025 as well as the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program ​ ​ ​ (in thousands except per share amounts) ​ January 1 through January 31 ​ 163 ​ $71.10 ​ 163 ​ $ 118,388 ​ February 1 through February 28 ​ 54 ​ $62.05 ​ 54 ​ $ 115,012 ​ March 1 through March 31 ​ 57 ​ $56.14 ​ 57 ​ $ 211,834 (1) Total ​ 274 ​ ​ ​ 274 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The increase in the dollar value available for repurchases under the program at March 31, 2025 reflects the additional funding authorized under the program in March 2025. ​ Item 3. Defaults Upon Senior Securities. ​ None. ​ Item 4. Mine Safety Disclosures. ​ Not Applicable. ​