GEE Group Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds . On April 27, 2023, the Company’s Board of Directors approved a share repurchase program authorizing the Company to purchase up to an aggregate of $20 million of the Company’s currently outstanding shares of common stock. The share repurchase program will continue through December 31, 2023, may be suspended or discontinued at any time and does not obligate the Company to repurchase any number of shares of common stock. The share repurchase program is to be conducted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. Subject to applicable rules and regulations, the shares of common stock may be purchased from time to time in the open market transactions and in amounts as the Company deems appropriate, based on factors such as market conditions, legal requirements, and other business considerations. Our purchases of our common stock during the three months ended June 30, 2023 were as follows: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program Dollar Value of Shares that May Yet Be Purchased Under the Program (a) May 1, 2023 - May 31, 2023 332,534 $ 0.52 332,534 $ 19,821,552 June 1, 2023 - June 30, 2023 538,093 0.52 538,093 19,528,712 870,627 870,627 (a) Excludes brokerage commissions paid by the Company. 27 Table of Contents As of August 11, 2023, the Company has repurchased 1,454,725 shares (accounting for approximately 1.3% of our issued and outstanding common shares immediately prior to the program). The Company has conducted repurchases consistently since the program’s implementation and intends to continue to take advantage of the present attractive market prices for its common shares. Item 3. Defaults Upon Senior Securities . None. Item 4. Mine Safety Disclosures . Not applicable.