Citi Trends Inc 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. ​ Information on Share Repurchases ​ On March 13, 2020, the Company announced that its board of directors approved a $30.0 million stock repurchase program. On March 23, 2020, due to the economic uncertainty stemming from the COVID-19 pandemic, the Company temporarily suspended any repurchases. On September 14, 2020, the Company announced the reinstatement of this program. During the thirteen weeks ended October 31, 2020, the Company repurchased 375,803 shares of its common stock under this program at an aggregate cost of $9.9 million. ​ The number of shares of common stock repurchased by the Company during the third quarter of fiscal 2020 and the average price paid per share are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maximum number (or ​ ​ ​ ​ ​ ​ ​ Total number of shares ​ approximate dollar value) ​ ​ ​ ​ ​ ​ ​ purchased as part of ​ of shares that may yet be ​ ​ Total number of ​ Average price paid ​ publicly announced ​ purchased under the plans Period ​ shares purchased ​ per share (1) ​ plans or programs (2) ​ or programs (2) August (8/2/20 - 8/29/20) — ​ $ — — ​ $ 30,000,000 ​ September (8/30/20 - 10/3/20) 149,831 ​ $ 24.60 149,831 ​ $ 26,317,994 ​ October (10/4/20 - 10/31/20) 225,972 ​ $ 27.44 225,972 ​ $ 20,123,067 ​ Total 375,803 ​ ​ ​ 375,803 ​ ​ ​ ​ ​ ​ (1) Includes commissions for the shares repurchased under the stock repurchase program (2) On March 13, 2020, the Company announced that its board of directors approved a $30.0 million stock repurchase program that does not have an expiration date ​ 18 Table of Contents Item 3. Defaults Upon Senior Securities. ​ Not applicable. ​ Item 4. Mine Safety Disclosures. ​ Not applicable. ​