EGAIN Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds On November 14, 2022, our board of directors authorized a stock repurchase program under which we may purchase up to $20.0 million of our outstanding common stock. As of September 30, 2023, approximately $13.7 million remained available for stock repurchases pursuant to our stock repurchase program. ​ Under the stock repurchase program, we may purchase shares of common stock on a discretionary basis from time to time through open market transactions or privately negotiated transactions at prices deemed appropriate by us. In addition, at our discretion, open market repurchase of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when we might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. ​ The timing and number of shares repurchased will be determined based on an evaluation of market conditions and other factors, including stock price, trading volume, general business and market conditions, and the availability of capital. The stock repurchase program is effective immediately as of November 14, 2022, has a term of one year from adoption unless extended, does not obligate us to acquire a specified number of shares and may be modified, suspended, or discontinued at any time at our discretion without notice. The stock repurchase program will be funded using existing cash or future cash flows. Common shares repurchased by the Company are held as treasury shares. ​ The following table summarizes the stock repurchase activity for the three months ended of September 30, 2023, and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Period ​ Total Number of Shares Purchased ​ Average Price Paid per Share ​ Total Number of Shares Purchased as Part of Publicly Announced Program ​ Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program (in thousands) July 1, 2023 to July 31, 2023 ​ - ​ $ - ​ - ​ $ 14,237 August 1, 2023 to August 31, 2023 ​ - ​ $ - ​ - ​ $ 14,237 September 1, 2023 to September 30, 2023 ​ 83,056 ​ $ 6.23 ​ 83,056 ​ $ 13,720 Total ​ 83,056 ​ ​ ​ ​ 83,056 ​ ​ ​ ​ ​