Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equi ty Securities and Use of Proceeds
On June 16, 2021, the Company’s Board of Directors approved the repurchase of 296,044 shares of its common stock, which was approximately 5% of its then outstanding common stock (excluding shares held by Bogota Financial, MHC). On April 11, 2022, the Company announced it completed its initial 5% buyback plan, purchasing 296,044 shares.
On May 25, 2022, the Company’s Board of Directors approved the repurchase of 292,568 shares of its common stock, which is approximately 5% of its then outstanding common stock (excluding shares held by Bogota Financial, MHC). The program does not have a scheduled expiration date and the Board of Directors has the right to suspend or discontinue the program at any time.
The following table provides information on repurchases by the Company of its common stock under the Company's Board approved programs for the second quarter:
ISSUER PURCHASES OF EQUITY SECURITIES
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
April 1 - 30, 2022
69,392
$
10.81
69,392
-
May 1 - 31, 2022
2,000
11.15
2,000
290,568
June 1 - 30, 2022
146,056
11.17
146,056
144,512
Total
217,448
$
11.05
$
217,448
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Saf ety 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.