Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
Unregistered Sales of Equity Securities
None
Issuer Repurchases of Equity Securities
The Company’s stock compensation plans allow employees to elect to have shares withheld to satisfy their tax liabilities related to non-qualified stock options exercised or restricted stock vested or to pay the exercise price of the options. When this settlement method is elected by the employee, the Company repurchases the shares withheld upon vesting or exercise of the award. Repurchases of the Company’s equity securities during the three months ended June 30, 2023 that the Company made or were made on behalf of the Company or any “affiliated purchaser,” as defined in Rule 10b-18(a)(3) under the Exchange Act are as follows:
44
Period Total Number of Shares Purchased (1)
Average Price Paid per Share
April 1, 2023 to April 30, 2023 26,426 $ 0.69
May 1, 2023 to May 31, 2023 15,263 $ 0.66
June 1, 2023 to June 30, 2023 1,730 $ 0.71
Total 43,419
(1) The Company purchases shares of its common stock (a) to satisfy tax withholding requirements and payment remittance obligations related to period vesting of restricted shares and exercise of non-qualified stock options and (b) to satisfy payments required for common stock upon the exercise of stock options.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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