Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
(c)
Total
(d)
Number of
Maximum
Units
Number
Purchased
of Units that
as
May
Part of
Yet Be
(a)
(b)
Publicly
Purchased
Total
Average
Announced
Under the
Number of
Price
Plans
Plans
Units
Paid
or
or
Period
Purchased
per Unit
Programs
Programs
April 1, 2026 – April 30, 2026
-
N/A
-
140,691
(1)
May 1, 2026 – May 31, 2026
7,500
(2)
$
28.30
7,500
133,191
(1)
June 1, 2026 – June 30, 2026
7,500
(2)
$
27.56
7,500
125,691
(1)
Total
15,000
$
27.93
15,000
125,691
(1)
(1)
The number of common units that our General Partner may grant under the Dorchester Minerals Management LP Equity Incentive Program, originally adopted on May 20, 2015, by Dorchester Minerals Operating LP, the Partnership’s sole limited partner, as amended and restated and adopted by the Partnership on October 20, 2022, and, subsequently, as amended and restated as of October 4, 2023, which was approved by our common unitholders on October 4, 2023 (the “Equity Incentive Program”), each fiscal year may not exceed 0.333% of the number of common units outstanding at the beginning of the fiscal year. In 2026, the maximum number of common units that could be purchased under the Equity Incentive Program is 160,691 common units.
(2)
Open-market purchases by the Operating Partnership, an affiliate of the Partnership, pursuant to a Rule 10b5-1 plan adopted on November 12, 2025 for the purpose of satisfying equity awards to be granted pursuant to the Equity Incentive Program.
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