Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equi ty Securities and Use of Proceeds
On October 3, 2022, the Company announced that is has received regulatory approval for the repurchase of up to 556,631 shares of its common stock which is approximately 10% of its then outstanding common stock
37
(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. On May 5, 2023, the Company announced the completion of the repurchase program.
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
January 1 - 31, 2023
71,460
$
11.50
71,460
124,799
February 1 - 28, 2023
-
—
-
124,799
March 1 - 31, 2023
55,200
10.56
55,200
69,599
Total
126,660
$
11.09
126,660
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.