CITIZENS & NORTHERN CORP 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Issuer Purchases of Equity Securities Effective February 18, 2021, the Corporation amended its treasury stock repurchase program. Under the amended program, the Corporation was authorized to repurchase up to 1,000,000 shares of the Corporation’s common stock, or 6.25% of the Corporation’s issued and outstanding shares at February 18, 2021. As of June 30, 2023, 989,317 shares had been repurchased under the repurchase program. On July 11, 2023, the Corporation announced that it had completed the treasury stock repurchase program. The Board of Directors has not announced a new treasury stock repurchase program, though the Board may consider doing so in the future depending on market conditions. The following table sets forth a summary of the purchases by the Corporation of its common stock during the second quarter 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Maximum ​ ​ ​ ​ ​ ​ ​ Shares ​ Number of ​ ​ ​ ​ ​ ​ ​ Purchased ​ Shares that May ​ ​ ​ ​ ​ ​ ​ as Part of ​ Yet ​ ​ ​ ​ ​ ​ ​ Publicly ​ be Purchased ​ ​ Total Number ​ Average ​ Announced ​ Under ​ ​ of Shares ​ Price Paid ​ Plans ​ the Plans or Period ​ Purchased ​ per Share ​ or Programs ​ Programs April 1 - 30, 2023 104,221 ​ $ 20.21 856,351 143,649 May 1 - 31, 2023 90,708 ​ $ 18.48 947,059 52,941 June 1 - 30, 2023 42,258 ​ $ 20.15 989,317 10,683 ​ ​ 66 Table of Contents CITIZENS & NORTHERN CORPORATION – FORM 10-Q ​ Item 3. Defaults Upon Senior Securities None ​ Item 4. Mine Safety Disclosures Not applicable ​