Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock trades on the Nasdaq Global Select Market under the symbol “AOUT.” The holders of our common stock are entitled to one vote per share on any matter to be voted upon by the stockholders. All shares of common stock rank equally as to voting and all other matters. The shares of common stock have no preemptive or conversion rights, no redemption or sinking fund provisions, are not liable for further call or assessment, and are not entitled to cumulative voting rights.
Holders
On June 18, 2026, there were 222 record holders of our common stock. A substantially greater number of holders of common stock are “street name” or beneficial holders, whose shares are held of record by banks, brokers, and other financial institutions.
Dividend Policy
We have never declared or paid cash dividends on our common stock. We currently intend to retain all available funds and future earnings, if any, to fund the development and expansion of our business, and we do not anticipate paying any cash dividends on our common stock in the foreseeable future. Any future determination to pay dividends on our common stock will be made at the discretion of our Board of Directors and will depend on various factors, including applicable laws, our results of operations, financial condition, future prospects, the terms of our outstanding indebtedness, and any other factors deemed relevant by our Board of Directors.
Securities Authorized for Issuance under Equity Compensation Plans
For equity compensation plan information, refer to Item 12 (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) in Part III of this Annual Report on Form 10-K.
Recent Sales of Unregistered Securities
None.
Repurchases of Common Stock
As of April 30, 2026, we had one open authorized share repurchase program. The following table sets forth certain information relating to the purchases of our common stock by us and any affiliated purchasers within the meaning of Rule 10b-18(a)(3) under the Exchange Act during the fiscal year ended April 30, 2026 (dollars in thousands, except per share data):
Period Total # of
Shares
Purchased Average
Price Paid
Per Share (2) Total # of Shares Purchased as Part of Publicly Announced
Plan or
Program (1) Maximum Dollar Value of Shares that May Yet Be Purchased
Under the Plan
or Program
Total first quarter fiscal year 2026 240,437 $ 10.47 1,304,300 $ 4,645
Total second quarter fiscal year 2026 73,939 8.76 1,378,239 10,000
Total third quarter fiscal year 2026 181,032 7.87 1,559,271 8,575
February 1, 2026 to February 28, 2026 43,265 9.12 1,602,536 8,180
March 1, 2026 to March 31, 2026 12,610 8.86 1,615,146 8,068
April 1, 2026 to April 30, 2026 — — 1,615,146 8,068
Total fourth quarter fiscal year 2026 55,875 9.06 1,615,146 8,068
Total year-to-date fiscal year 2026 551,283 $ 9.24 1,615,146 $ 8,068
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(1) On October 2, 2023, our Board of Directors authorized the repurchase of up to $10.0 million of our common stock, subject to certain conditions in the open market, in block purchases, or in privately negotiated transactions. This authorization expired on September 30, 2024. On September 25, 2024, our Board of Directors approved a program to purchase up to $10.0 million of our common stock, subject to certain conditions, in the open market, in block purchases, or in privately negotiated transactions. This authorization expired on September 30, 2025. On September 30, 2025 our Board of Directors authorized the repurchase of up to $10.0 million of our common stock, subject to certain conditions in the open market, in block purchases, or in privately negotiated transactions, commencing on October 1, 2025 and executable through September 30, 2026. During the years ended April 30, 2026 and 2025, under these authorizations, we repurchased a total of 551,283 and 374,446 shares, respectively, of our common stock for $5.1 million and $3.8 million, respectively, utilizing cash on hand. As of April 30, 2026, we have $8.1 million of available funds to repurchase our common stock under the current authorization.
(2) The average price per share excludes fees paid to acquire the shares.
Item 6. RESERVED
Not Applicable.
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