Finwise Bancorp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds There were no unregistered sales of the Company’s stock during the third quarter of 2022. During the three months ended September 30, 2022, we repurchased 20,000 shares of our common stock for $0.2 million (average per share purchase price of $10.66) pursuant to our common stock repurchase program. Issuer Purchases of Equity Securities Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (1) July 1, 2022 - July 31, 2022 — — — — August 1, 2022 - August 31, 2022 — — — 644,241 September 1, 2022 - September 30, 2022 20,000 $10.66 20,000 624,241 Total 20,000 $10.66 20,000 624,241 (1) On August 18, 2022, the Company announced that the Board has authorized, effective August 16, 2022, a common stock repurchase program to purchase up to 644,241 shares of the Company’s common stock in the aggregate. The repurchase program expires on August 31, 2024, but may be limited or terminated at any time without prior notice. The repurchase program authorizes the repurchase by the Company of its common stock in open market transactions, including pursuant to a trading plan in accordance with Rule 10b-18 promulgated under the Exchange Act or privately negotiated transactions. The authorization permits management to repurchase shares of the Company’s common stock from time to time at management’s discretion. Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Exchange Act, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. The actual means and timing of any shares purchased under the program will depend on a variety of factors, including the market price of the Company’s common stock, general market and economic conditions, and applicable legal and regulatory requirements. The repurchase program does not obligate the Company to purchase any particular number of shares. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.