Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Our Board of Directors approved programs for the repurchase of outstanding shares of our common stock with an aggregate purchase amount of up to $10.0 million (the “November 2021 Program”) and $75.0 million (the “December 2024 Program”), in November 2021 and December 2024, respectively. The December 2024 Program replaced the authority granted under the November 2021 Program. Shares may be repurchased under the December 2024 Program from time to time, in amounts and at prices that the Company deems appropriate, subject to market and business conditions, applicable legal requirements and other considerations. The program may be executed using open market purchases pursuant to Rule 10b-18 under the Securities Exchange Act of 1934 (the “Exchange Act”), in privately negotiated agreements or by way of issuer tender offers, Rule 10b5-1 plans or other transactions. From the inception of the programs in November 2021 through March 31, 2026 , we repurchased approximately 1.8 million shares of our common stock for aggregate consideration of $46.4 million. We repurchased approximately 0.1 million shares of our common stock for aggregate consideration of $4.6 million during the three months ended March 31, 2026.
The following table is a summary of our repurchases of our common stock during the three months ended March 31, 2026. As of March 31, 2026 , the remaining authorization under the repurchase program is $36.1 million.
Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plan or programs Maximum value of shares that may yet be purchased under the plan or program (in thousands)
January 1, 2026 - January 31, 2026 32,576 $ 42.97 32,576 $ 39,291
February 1, 2026 - February 28, 2026 41,549 $ 50.11 41,549 $ 37,209
March 1, 2026 - March 31, 2026 18,619 $ 58.26 18,619 $ 36,125
Total 92,744 $ 49.24 92,744
Subsequent to March 31, 2026 through April 24, 2026, we repurchased approximately 14 thousand shares of our common stock for aggregate consideration of $0.8 million.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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