Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Period (a)
Total Number of Shares Purchased (b)
Average Price Paid per Share (c)
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d)
Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs
April 1 - April 30, 2023 — — — $ 5,000,000
May 1 - May 31, 2023 125,914 $ 17.82 125,914
June 1 - June 30, 2023 183,239 19.34 183,239 (1)
Total 309,153 $ 18.87 309,153
___________
(1) On June 14, 2023, the Board of Directors extended the term of our share repurchase program to December 31, 2025 and approved an increase in the authorization of the shares to be purchased to $10 million (inclusive of the approximate $1.99 million of shares that remained unpurchased pursuant to the $5.0 million share repurchase program authorized by the Board in 2021). We are authorized to repurchase shares in open market or privately negotiated transactions (including related party transactions).
From July 1 through July 31, 2023, we repurchased 45,612 shares of our common stock at an average price of $20.10 for an aggregate cost of $917,000. At August 1, 2023, we are authorized to repurchase up to $3.2 million of shares of our common stock.
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