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 June 30, 2024: 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 Plans Balance as of March 31, 2024 617,313 $ 4.96 $ 3,060,195 382,687 April 1 - 30, 2024 30,891 4.66 143,840 351,796 May 1 - 31, 2024 37,672 4.65 175,257 314,124 June 1 - 30, 2024 83,526 4.74 396,242 230,598 Balance as of June 30, 2024 769,402 $ 4.91 $ 3,775,534 230,598 (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