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, 2024: Fiscal Period Total Number of Shares Purchased as Part of Publicly Announced Plan or Program (1) (2) Average Price Paid Per Share ($) Total Price Paid Maximum Number of Shares that May Yet be Purchased Under the Plans Balance as of January 1, 2024 415,973 $ 5.18 $ 2,155,049 584,027 January 1 - 31, 2024 59,417 4.52 268,569 524,610 February 1 - 29, 2024 56,343 4.53 255,195 468,267 March 1 - 31, 2024 85,580 4.46 381,382 382,687 Balance as of March 31, 2024 617,313 $ 4.96 3,060,195 382,687 (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 one million shares of the Company’s common stock. (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