Item 2. Unregistered Sales of Equity Securities
Item 2 . UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On January 6, 2023, we announced a share repurchase program in an aggregate amount of up to $25.0 million. Repurchases under the program may be made in the open market or through privately negotiated transactions from time to time through November 10, 2026, 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 three months ended July 31, 2025, we repurchased $2.0 million, or 104,472 shares, under that program, and $19.7 million remained available under the program as of that date. The table below summarizes the repurchase of our common stock made by us during the three months ended July 31, 2025.
Approximate
Total Number of
Dollar Value of
Shares
Shares that
Purchased as
May Yet Be
Part of Publicly
Purchased
Total Number
Average Price
Announced
Under Plans or
of Shares
Paid per
Plans or
Programs
Purchased
Share
Programs (1)
($ in thousands)
May 1-31, 2025
—
$
—
—
$
21,688
June 1-30, 2025
36,275
$
18.16
(1)
36,275
$
21,029
July 1-31, 2025
68,197
$
19.74
(1)
68,197
$
19,682
Total
104,472
104,472
(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.
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