Item 2. Unregistered Sales of Equity Securities
ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds
There were no unregistered sales of equity securities during the period covered by this report.
Issuer Purchases of Equity Securities
The following table reports information regarding repurchases of our common stock during the three months ended September 30, 2024:
(in thousands, except per share data) Total Number of Shares Purchased Average Price Paid per Share 1 2
Total Number of Shares Purchased as Part of Publicly Announced Programs Approximate Dollar Value That May yet Be Purchased Under the Program 3
Period
July 1, 2024 to July 31, 2024 — $ — — $ 25,000
August 1, 2024 to August 31, 2024 220 19.21 220 24,780
September 1, 2024 to September 30, 2024 — — — 24,780
Three months ended September 30, 2024
220 $ 19.21 220 $ 24,780
1 Average price paid per share excludes commission.
2 The aggregate purchase price and weighted average price per share does not include the effect of excise tax expense incurred on net stock repurchases. For the nine months ended September 30, 2024, the excise tax, net of issuances, was approximately $19 thousand.
3 On July 21, 2023, the Board of Directors approved the adoption of Bancorp's share repurchase program for up to $25.0 million and expiring on July 31, 2025.
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ITEM 3 Defaults upon Senior Securities
None.
ITEM 4 Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.