FIRST BUSINESS FINANCIAL SERVICES, INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Issuer Purchases of Securities As previously announced, on April 26, 2024, the Corporation’s Board of Directors authorized the repurchase by the Corporation of shares of its common stock with a maximum aggregate purchase price of $5.0 million, on such quantities, at such prices and on such other terms and conditions as the Corporation’s Chief Executive Officer or Chief Financial Officer determine in their discretion to be in the best interests of the Corporation and its shareholders, any time with no expiration date. As of June 30, 2024, the Corporation has not repurchased any shares under this repurchase program. The following table sets forth information about the Corporation's purchases of its common stock during the three months ended June 30, 2024. Period Total Number of Shares Purchased (1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Total Number of Shares that May Yet Be Purchased Under the Plans or Programs April 1, 2024 - April 30, 2024 18,787 $ 34.30 — — May 1, 2024 - May 31, 2024 640 34.50 — — June 1, 2024 - June 30, 2024 — — — — Total 19,427 34.31 — 135,172 (1) During the second quarter of 2024, the Corporation repurchased an aggregate 19,427 shares of the Corporation’s common stock in open-market transactions, all of which were surrendered to us to satisfy income tax withholding obligations in connection with the vesting of restricted awards. (2) Number of shares available to purchased under the April 26, 2024 share repurchase program was calculated by dividing the closing stock price on June 28, 2024 of $36.99 by the $5.0 million remaining capacity.