BayCom Corp 10-Q

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities (a) Not applicable. (b) Not applicable. (c) Stock Repurchases. The following table sets forth information with respect to our repurchases of our outstanding common shares during the three months ended March 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total number of ​ ​ ​ Total ​ ​ Average ​ shares purchased ​ Maximum number of ​ ​ number of ​ ​ price ​ as part of ​ shares that may yet be ​ ​ shares ​ ​ paid ​ publicly announced ​ purchased under the ​ ​ purchased ​ ​ per share ​ plans or programs ​ plans or programs (1) January 1, 2024 - January 31, 2024 — $ — ​ — 359,752 February 1, 2024 - February 29, 2024 53,659 ​ ​ 20.14 ​ 53,659 306,093 March 1, 2024 - March 31, 2024 144,461 ​ ​ 20.23 ​ 144,461 161,632 ​ 198,120 ​ $ 20.20 ​ 198,120 ​ ​ ​ ​ ​ (1) In August 2023, the Company’s Board of Directors approved the Company’s eighth stock repurchase program, which commenced following completion of the seventh stock repurchase program in September 2023, authorizing the purchase of up to 588,000 shares, or approximately 5.0%, of the Company’s outstanding common stock over a one-year period. Purchases under the Company’s stock repurchase programs may be made through open market purchases, privately negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The repurchase programs may be suspended, terminated, or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. The Company’s stock repurchase programs do not obligate the Company to purchase any specific number of shares. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Item 3. Defaults Upon Senior Securities Not applicable. Item 4. Mine Safety Disclosures Not applicable. 53 Table of Contents