Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Purchase of Equity Securities
The Company did not purchase its common stock during the three months ended September 30, 2025. As of October 31, 2025, up to $8,800,000 of shares may be repurchased under the share repurchase program.
The following table summarizes purchases of our common stock during the three months ended September 30, 2025 by Gould Investors L.P. (Gould Investors may be deemed to be an "affiliated purchaser" (as such term is used in Rule 10b-18(a)(3) promulgated under the Exchange Act) of the Company as Jeffrey A. Gould and Matthew J. Gould, our executive officers are directly or indirectly, the managers of the managing general partner of Gould Investors):
Period Total Number of Shares Purchased Average Price Paid per Share Total Cost
July 1 - July 31, 2025 — — —
August 1 - August 31, 2025 7,946 $ 14.95 $ 118,793
September 1 - September 30, 2025 — — —
Total 7,946 $ 14.95 $ 118,793
From October 1, 2025 through October 31, 2025, Gould Investors purchased 33,953 shares of our common stock at an average price of $14.92 per share for a total cost of approximately $507,000.
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