Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds .
On December 2, 2025, the Company reissued 592,478 treasury shares to fulfill commitments for the issuance of previously granted restricted stock awards that became fully vested and unrestricted. On August 13, 2024, the Company reissued 641,666 of its treasury shares to fulfill commitments for the issuance of previously granted restricted stock awards that became fully vested and unrestricted. These treasury shares were reissued in lieu of issuing new shares of its common stock, therefore, while the Company’s total number of outstanding shares of common stock increased as a result of each reissuance, its total number of issued shares of common stock did not increase.
Of the shares reissued on December 2, 2025, 135,036 were returned to the Company on January 7, 2026, to satisfy statutory income tax obligations of the recipients on the vested restricted stock awards. The table below summarizes the return of the shares issued under the 2013 Incentive Stock Plan during the three months ended March 31, 2026:
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)
January 1, 2026 - January 31, 2026
135,036
$ 0.20
-
$ -
February 1, 2026 - February 28, 2026
-
-
-
-
March 1, 2026 - March 31, 2026
-
-
-
-
135,036
-
Item 3.
Defaults Upon Senior Securities .
None.
Item 4.
Mine Safety Disclosures .
Not applicable.
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.