BALCHEM CORP 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table summarizes the share repurchase activity for the nine months ended September 30, 2023: Total Number of Shares Purchased (1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (2)(3) January 1-31, 2023 1,343 $ 130.96 1,343 $ 90,512,611 February 1-28, 2023 26,766 $ 137.24 26,766 $ 91,178,224 March 1-31, 2023 — $ — — $ 91,178,224 First Quarter 28,109 28,109 April 1-30, 2023 — $ — — $ 91,178,224 May 1-31, 2023 504 $ 132.26 504 $ 83,654,563 June 1-30, 2023 63 $ 134.81 63 $ 89,485,395 Second Quarter 567 567 July 1-31, 2023 482 $ 128.54 482 $ 85,264,695 August 1-31, 2023 — $ — — $ 85,264,695 September 1-30, 2023 293 $ 134.00 293 $ 88,847,226 Third Quarter 775 775 Total 29,451 29,451 (1) The Company repurchased (withheld) shares from employees solely in connection with the tax settlement of vested shares and/or exercised stock options under the Company's omnibus incentive plan. (2) Our Board of Directors has approved a stock repurchase program. The total authorization under this program is 3,763,038 shares. Since the inception of the program in June 1999, a total of 3,099,999 shares have been purchased. Other than shares withheld for tax purpose, as described in footnote 1 above, no share repurchases were made under the Company's stock repurchase program during the nine months ended September 30, 2023. There is no expiration for this program. (3) Dollar amounts in this column equal the number of shares remaining available for repurchase under the stock repurchase program as of the last date of the applicable month multiplied by the monthly average price paid per share. 38 Table of Contents