Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s common stock is traded on the NASDAQ Global Market under the symbol “CBFV.” The approximate number of holders of record of the Company’s common stock as of March 7, 2023, was 625. Certain shares of Company common stock are held in “nominee” or “street” name and accordingly, the number of beneficial owners of such shares is not known or included in the foregoing number.
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Equity Compensation Plans
The following table provides information at December 31, 2022, for compensation plans under which equity securities may be issued.
Plan Category Number of securities
to be issued upon
exercise of
outstanding options
warrants and rights Weighted-average
exercise price of
outstanding options
warrants and rights Number of securities
remaining available for
future issuance under
equity compensation
plans (excluding securities
reflected in column (A))
(A) (B) (C)
Equity compensation plans:
Approved by stockholders 283,748 (1)
$ 24.52 (1)
333,335 (2)
Not approved by stockholders — — —
Total 283,748 $ 24.52 333,335
(1) Represents stock options available to be exercised under the 2015 Equity Incentive Plan (the "2015 Plan"). The 2015 Plan shall remain in effect as long as any awards are outstanding, but as a result of the approval of the 2021 Equity Incentive Plan (the "2021 Plan"), no more awards can be granted under the 2015 Plan.
(2) Represents 333,335 shares available under the 2021 Plan (the "Share Limit") that can be issued of which a maximum of 333,335 shares may be issued as stock options and 166,667 shares may be issued as restricted stock awards or units based on the terms of the Plan whereby the Share Limit is reduced, on a one-for-one basis, for each share of common stock subject to a stock option grant, and on a two and one-half-for-one basis for each share of common stock issued pursuant to restricted stock awards or units. At December 31, 2022, 104,465 stock options, and 27,765 restricted shares have been granted under the 2021 Plan.
Issuer Purchases of Equity Securities
The following table provides information relating to our purchase of shares of our common stock during the three months ended December 31, 2022.
Period Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number of Shares Purchased as Part of the Publicly Announced Program Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program
October 1-31, 2022 4,620 $ 21.88 4,620 $ 8,603,128
November 1-30, 2022 0 — 0 8,603,128
December 1-31, 2022 0 — 0 8,603,128
Total 4,620 $ 21.88 4,620
(1) On April 21, 2022, the Company announced that the Board had approved a program commencing on May 2, 2022 to repurchase up to $10.0 million of the Company's outstanding common stock. This repurchase is set to expire on May 1, 2023. In connection with the program, as of December 31, 2022, the Company purchased a total of 62,178 shares of the Company's common stock at an average price of $22.46 per share.
ITEM 6. [RESERVED]
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