Item 2. Unregistered Sales of Equity Securities
Item 2 . UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On March 10, 2021, we announced that our Board of Directors approved a share repurchase program in an aggregate amount of up to $7.0 million. Repurchases under the program may be made in the open market or through privately-negotiated transactions from time to time through March 10, 2023, subject to applicable laws, regulations and contractual provisions. The program may be amended, suspended or discontinued at any time and does not commit us to repurchase any shares of our common stock. During the first six months of fiscal 2022, we repurchased $2.9 million in shares of our common stock.
The following table summarizes the repurchases of common stock made by us during the three months ended April 30, 2022:
Approximate
Total Number of
Dollar Value of
Shares
Shares that
Purchased as
May Yet Be
Part of Publicly
Purchased
Total Number
Average Price
Announced
Under Plans or
of Shares
Paid per
Plans or
Programs
Purchased
Share (1)
Programs (1)
($ in thousands) (1)
February 2022
26,460
$
33.43
26,460
$
4,895
March 2022
23,304
$
33.72
23,304
$
4,110
April 2022
—
$
—
—
$
4,110
Total
49,764
49,764
(1) Reflects the average weighted price of the shares repurchased as part of the publicly announced programs and includes commissions paid related to our repurchase of shares of common stock.
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.