Envela Corp 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS AND ISSUER PURCHASES OF EQUITY SECURITIES Repurchases The following lists the repurchase of Company shares for the three months ended March 31, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ ​ ​ ​ Shares Purchased ​ ​ ​ ​ ​ ​ ​ Maximum Number ​ ​ as Part of Publicly ​ ​ ​ ​ ​ ​ ​ of Shares that May ​ ​ Announced Plan ​ Average Price ​ Total Price ​ Yet be Purchased Fiscal Period ​ or Program (1) (2) ​ Paid Per Share ($) ​ Paid ​ Under the Plan (1) Balance as of January 1,2025 928,930 ​ $ 4.91 ​ $ 4,568,823 71,070 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1 - 31, 2025 — ​ — ​ — 71,070 February 1 - 28, 2025 — ​ — ​ — 71,070 March 1 - 31, 2025 500 ​ 5.25 ​ 2,626 170,570 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of March 31, 2025 929,430 ​ $ 4.92 ​ $ 4,571,449 170,570 (1) All shares were purchased in open-market transactions through the stock repurchase program unanimously approved by the Board on March 14, 2023, for the repurchase of up to one million shares of the Common Stock. On March 27, 2025, the Board authorized the repurchase of an additional 100,000 shares of the Common Stock, bringing the total authorization under the existing repurchase program to 1,100,000 shares. (2) The stock repurchase program was publicly announced on May 3, 2023, and expires March 31, 2026. Repurchases under the stock repurchase plan began on May 10, 2023. The timing and amount of any Common Stock repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, capital availability, and other market conditions. ITEM 3. DEFAULTS UPON SENIOR SECURITIES Not applicable ITEM 4. MINE SAFETY DISCLOSURES Not applicable 39 Table of Contents