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 repurchases of Company shares for three and six months ended June 30, 2026: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares Purchased ​ ​ ​ ​ ​ ​ ​ Maximum Number ​ ​ as Part of Publicly ​ ​ ​ ​ ​ ​ ​ of Shares Yet to be ​ ​ Announced Plan ​ Average Price ​ Total Price ​ to be Purchased Fiscal Period ​ or Program (1),(2) ​ Paid per Share ($) (3) ​ Paid ​ Under the Plan (1) Balance as of January 1, 2026 961,155 ​ $ 4.95 ​ $ 4,757,731 138,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1 - 31, 2026 — ​ — ​ — 138,845 February 1 - 28, 2026 — ​ — ​ — 138,845 March 1 - 31, 2026 — ​ — ​ — 138,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of March 31, 2026 961,155 ​ $ 4.95 ​ $ 4,757,731 138,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 1 - 30, 2026 — ​ — ​ — 138,845 May 1 - 31, 2026 — ​ — ​ — 138,845 June 1 - 30, 2026 — ​ — ​ — 138,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of June 30, 2026 961,155 ​ $ 4.95 ​ $ 4,757,731 138,845 (1) All shares were purchased in open-market transactions through the stock repurchase program approved by the Board on March 14, 2023, for the repurchase of up to 1.0 million shares of the Common Stock. On March 27, 2025, the Board authorized the repurchase of an additional 100 thousand shares of the Common Stock, bringing the total authorization under the existing program to 1.1 million shares. (2) The stock repurchase program was publicly announced on May 3, 2023, and expires March 31, 2028. Repurchases under the stock repurchase plan began on May 10, 2023. (3) The Board authorized the Company to repurchase shares at a per-share price not to exceed $9.00, on the open market. The following lists the repurchases of Company shares for three and six months ended June 30, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares Purchased ​ ​ ​ ​ ​ ​ ​ Maximum Number ​ ​ as Part of Publicly ​ ​ ​ ​ ​ ​ ​ of Shares Yet to be ​ ​ Announced Plan ​ Average Price ​ Total Price ​ to be Purchased Fiscal Period ​ or Program (1),(2) ​ Paid per Share ($) (3) ​ Paid ​ Under the Plan (1) Balance as of January 1, 2025 928,930 ​ $ 4.92 ​ $ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ April 1 - 30, 2025 — ​ — ​ — 170,570 May 1 - 31, 2025 — ​ — ​ — 170,570 June 1 - 30, 2025 20,163 ​ 5.89 ​ 118,700 150,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as of June 30, 2025 949,593 ​ $ 4.94 ​ $ 4,690,149 150,407 ​ 59 Table of Contents The timing and amount of any common stock repurchased under the program depends 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