Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
Share
Repurchases
The
following table presents the share repurchase activity for the quarter ended January 31, 2026:
Period
Total
number of
shares
purchased
(1) (2)
Average
price paid
per share
Total
number of
shares
purchased
as part of
the publicly
announced
plan or
program
Approximate
dollar
value of
shares that
may yet be
purchased
under the
plan or
program
November 1 - 30, 2025
290
$ 36.72
290
$ 19,614,110
December 1 - 31, 2025
-
-
-
$ 19,614,110
January 1 - 31, 2026
11,970
$ 50.55
11,970
$ 19,009,026
Total
12,260
12,260
$ 19,009,026
(1) On
September 9, 2025, the Company’s Board of Directors approved a new share repurchase authorization in the amount of $20.0 million.
Under this new share repurchase authorization, the Company’s shares of common stock may be purchased on a discretionary basis from
time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately
negotiated transactions or other means. This repurchase program may be suspended or discontinued at any time without notice. The new
share repurchase authorization replaced the Company’s prior share repurchase authorization under which approximately $0.6 million
remained. This new share repurchase authorization does not have an expiration date.
(2) Represents
shares withheld with respect to stock-based awards to satisfy required tax withholding obligations for the months of November 2025 and
January 2026. There were no shares withheld or otherwise repurchased during the month of December 2025.
23
Table of Contents
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.