BK Technologies Corp 10-Q

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Share Repurchase Program On December 21, 2021, the Company announced that the Board authorized a share repurchase program which permits the Company to purchase up to an aggregate of $5 million of its common shares. The program does not have an expiration date. Any repurchases would be funded using cash on hand and cash from operations. The actual timing, manner, and number of shares repurchased under the program will be determined by management and the Board at their discretion and will depend on several factors, including the market price of the Company’s common shares, general market and economic conditions, alternative investment opportunities, and other business considerations in accordance with applicable securities laws and exchange rules. The authorization of the share repurchase program does not require BK Technologies to acquire any particular number of shares and repurchases may be suspended or terminated at any time at the Company’s discretion. The following table provides information about purchases made by us of our common stock for each month included in the first quarter of 2025: ISSUER PURCHASES OF EQUITY SECURITIES Total Number of Shares Approximate Dollar Value Purchased as Part of of Shares that May Still be Total Number of Average Price Publicly Announced Purchased Under the Period Shares Purchased Paid Per Share Plans or Programs Plans or Programs January 1–31, 2025 — — — $ 5,000,000 February 1–28, 2025 — — — $ 5,000,000 March 1–31, 2025 — — — $ 5,000,000 Quarter Ended March 31, 2025 — $ — — $ 5,000,000