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Purchases of Equity Securities by the Issuer
−Removed: On December 5, 2017, our board of directors reapproved the stock repurchase program pursuant to which the board of directors granted a repurchase authorization to acquire shares of the Company’s common stock, par value $0.01 per share having an aggregate value of up to $50 million.
−Removed: The board of director’s authorization replaced any previous repurchase authorizations.
−Removed: No shares were repurchased during the three and nine months ended September 30, 2022, pursuant to this authorization.
−Removed: The following table provides the information with respect to purchases and forfeitures of our common stock during each of the months in the third quarter of 2022:
+Added: On December 7, 2022, our board of directors approved a new stock repurchase program pursuant to which the board granted a repurchase authorization to acquire shares of the Company’s common stock, par value $0.01 per share, having an aggregate value of up to $25 million.
+Added: The Board’s authorization replaced any previous repurchase authorizations.
+Added: During the three months ended March 31, 2023, we repurchased approximately 3.9 million shares of its common stock for approximately $18.9 million.
+Added: As of March 31, 2023, we repurchased approximately 5.4 million shares of its common stock for approximately $25.0 million and have completed the $25.0 million repurchase authorization.
+Added: The following table provides the information with respect to purchases and forfeitures of our common stock during each of the months in the first quarter of 2023:
Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of a Publicly Announced Plan Maximum Dollar Value of Shares That May Yet Be Purchased Under the Plan
Common stock:
−Removed: July 1 to July 31 156,060 (1)
−Removed: — $ 50,000,000
−Removed: August 1 to August 31 2,384 $ — (2)
+Added: January 1 to January31 2,948,031 $ 4.69 (2)
2,948,002 $ 5,063,184
−Removed: September 1 to September 30 151 (1)
+Added: February 1 to February 28 938,568 (1)
$ 5.39 938,273 $ 7
+Added: March 1 to March 31 82,776 (1)
Total 3,969,375 $ 4.85 3,886,275
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−Removed: (1) Includes 156,041 and 151 shares in July and September, respectively, that were withheld to cover tax-withholding requirements related to the vesting of restricted shares of our common stock issued to employees of our advisor pursuant to the Company’s stockholder-approved stock incentive plan.
−Removed: (2) There is no cost associated with the forfeiture of 19 and 2,384 restricted shares of our common stock in July and August, respectively.
+Added: (1) Includes 295 and 81,825 shares in February and March, respectively, that were withheld to cover tax-withholding requirements related to the vesting of restricted shares of our common stock issued to employees of our advisor pursuant to the Company’s stockholder-approved stock incentive plan.
+Added: (2) There is no cost associated with the forfeiture of 29 and 951 restricted shares of our common stock in January and March, respectively.
DEFAULTS UPON SENIOR SECURITIES
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.