Climb Global Solutions, Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ​ Market Information ​ Shares of our Common Stock, par value $0.01, trade on The Nasdaq Global Market tier of The Nasdaq Stock Marker under the symbol “CLMB”. ​ Dividends ​ In each of 2022 and 2021, we declared dividends totaling $0.68 per share on our Common Stock. The payment of future dividends is at the discretion of our Board of Directors and will depend upon future earnings, results of operations, capital requirements, our financial condition, contractual restrictions, including the terms of the agreements governing our debt and any future indebtedness we may incur and other relevant factors and other factors the Board of Directors may find relevant. There can be no assurance that we will continue to pay comparable cash dividends in the future. ​ Shareholder Information ​ As of February 9, 2023, there were approximately 19 record holders of our Common Stock. This figure does not include an estimate of the number of beneficial holders whose shares are held of record by banks, broker or other nominees. ​ 16 Table of Contents Purchases of Equity Securities ​ During the fourth quarter of 2022, we repurchased shares of our Common Stock as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maximum ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ ​ ​ ​ Total Number ​ ​ ​ ​ Shares That ​ ​ ​ ​ ​ ​ ​ of Shares ​ ​ ​ ​ May Yet Be ​ ​ ​ ​ ​ ​ ​ Purchased as ​ ​ ​ ​ Purchased ​ ​ ​ Total ​ Average ​ Part of Publicly ​ ​ ​ Under the ​ ​ Number ​ Price Paid ​ Announced ​ Average ​ Plans or ​ ​ of Shares ​ Per Share ​ Plans or ​ Price Paid ​ Programs Period ​ Purchased ​ (2) ​ Programs ​ Per Share ​ (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ October 1, 2022 - October 31, 2022 — ​ $ — — ​ $ — 545,786 ​ November 1, 2022 - November 30, 2022 4,321 (1) $ 31.13 — ​ $ — ​ 545,786 ​ December 1, 2022 - December 31, 2022 — ​ $ — — ​ $ — 545,786 ​ Total 4,321 ​ $ 31.13 — ​ $ — 545,786 ​ (1) Represents 4,321 shares surrendered to the Company by employees to satisfy individual tax withholding obligations upon vesting of previously issued shares of Restricted Stock. These shares are not included in the Common Stock repurchase program referred to in footnote (3) below. ​ (2) Average price paid per share reflects the closing price of the Company’s Common Stock on the business date the shares were surrendered by the employee stockholder to satisfy individual tax withholding obligations upon vesting of Restricted Stock or the price of the Common Stock paid on the open market purchase, as applicable. ​ (3) On December 3, 2014, the Board of Directors of the Company approved an increase of 500,000 shares of Common Stock to the number of shares of Common Stock available for repurchase under its repurchase plans. On February 2, 2017, the Board of Directors of the Company approved an increase of 500,000 shares of Common Stock to the number of shares of Common Stock available for repurchase under its repurchase plans. The Company expects to purchase shares of its Common Stock from time to time in the market or otherwise subject to market conditions. The Common Stock repurchase program does not have an expiration date. ​ ​ ​ Item 6. [Reserved] ​ ​