ENSIGN GROUP, INC 10-Q

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Issuer Repurchases of Equity Securities A summary of the repurchase activity for the three months ended March 31, 2025 (dollars in millions, shares in thousands, except per share amounts): Period Total Number of Shares Repurchased (1) Average Price Per Share (2) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs January 1 to January 31, 2025 — $ — $ — February 1 to February 28, 2025 — $ — $ — March 1 to March 31, 2025 84 $ 128.33 $ 9.2 April 1 to April 30, 2025 73 $ 125.94 $ — (1) These purchases were effectuated through a Rule 10b5-1 trading plan adopted by the Company on February 21, 2025. The program may be suspended or discontinued at any time and does not have an expiration date. (2) The average price paid per share excludes any broker commissions. Stock Repurchase Programs — On February 21, 2025, the Board of Directors approved a stock repurchase program pursuant to which we may repurchase up to $20 million of our common stock under the program for a period of approximately 12 months from March 26, 2025. During the three months ended March 31, 2025, we purchased 84 shares of its common stock for $10.8 million. Subsequent to March 31, 2025, the Company repurchased 73 shares of its common stock for $9.2 million. This repurchase program expired upon the repurchase of the fully authorized amount under the plan. On May 16, 2024, the Board of Directors approved a stock repurchase program pursuant to which the Company could repurchase up to $20 million of its common stock under the program for a period of approximately 12 months from September 1, 2024. The Company did not purchase any shares pursuant to this stock repurchase program before the repurchase program was cancelled on February 21, 2025. Under these repurchase programs, the Company is authorized to repurchase its issued and outstanding common shares from time to time in open-market and privately negotiated transactions, tender offers, pursuant to contractual provisions, and block trades, or otherwise in accordance with federal securities laws. The share repurchase program does not obligate the Company to acquire any specific number of shares. Any such repurchases will depend on the Company's business strategy, prevailing market conditions, the Company's liquidity requirements, contractual restrictions or covenants, compliance with securities laws, and other factors. The amounts involved in any such transaction may be material.