Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
On September 9, 2025, we announced the approval of a stock repurchase authorization. Under this authorization, the Company may repurchase up to $10.0 million of outstanding shares of our common stock. The shares of our common stock may be repurchased under authorization on the open market or in privately negotiated transactions subject to applicable securities laws and regulations. The current repurchase authorization does not expire and as of March 31, 2026, a total of 151,911 shares have been repurchased under the authorization with an average cost of $25.79 per share. The approximate dollar value of shares that may yet be purchased under the plan as of March 31, 2026, was approximately $6,082,000.
The following table sets forth information concerning all repurchases of shares of our common stock, including shares reacquired to satisfy tax withholding obligations upon vesting of restricted stock awards, for the three months ended March 31, 2026:
Total Number of
Approximate Dollar
Shares Purchased
Value of Shares that
as Part of Publicly
May Yet be Purchased
Total Number of
Average Price
Announced Plans
Under the Plans
Period
Shares Purchased
Paid per Share
or Programs
or Programs
January 1 – January 31, 2026
5,470
$
27.72
5,470
$
6,082,000
February 1 – February 28, 2026
-
$
-
-
$
6,082,000
March 1 – March 31, 2026
-
$
-
-
$
6,082,000
Total
5,470
5,470
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.