Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On September 13, 2023, the Company announced a share repurchase program approved by the Company’s Board under which the Company was authorized to purchase up to $10.0 million of its common stock. During the term of this program, the Company repurchased 404,188 shares under this program at an aggregate fair value of $8.9 million, reflecting an average price per share of $22.07 (excluding the cost of broker commissions). The share repurchase program expired according to its term on March 31, 2024.
The table below sets forth activity under the stock repurchase plan for the three months ended March 31, 2024.
Period
(a) Total number of shares (or units) purchased
(b) Average price paid per share (or unit)(1)
(c) Total number of shares (or units) purchased as part of publicly announced plans or programs
(d) Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs
Month #1 (January 1 - January 31)
—
$
—
—
$
1,079,336
Month #2 (February 1 - February 29)
—
—
—
1,079,336
Month #3 (March 1 - March 31)
—
—
—
—
Total
—
$
—
—
$
—
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