Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(c) Issuer Repurchases of Equity Securities
During the second quarter of 2025, we reacquired shares of our common stock as follows:
Period Total Number
of Shares
(or Units)
Purchased Average
Price Paid
per Share
(or Unit)
Total Number
of Shares (or
Units) Purchased
as Part of Publicly
Announced Plans
or Programs Maximum Number
(or Approximate
Dollar Value) of
Shares (or Units)
That May Yet Be
Purchased Under the
Plans or Programs
(in millions of dollars)
March 31, 2025 through May 4, 2025 3,390 $ 11.22 — $ 40.0
May 5, 2025 through June 1, 2025 5,375 12.30 — $ 40.0
June 2, 2025 through June 29, 2025 456 11.51 — $ 40.0
Total 9,221 $ 11.86 —
On November 26, 2024, our board of directors approved a share repurchase program for us to repurchase shares covering up to an aggregate of $50.0 million of our Class A common stock. The share repurchase authorization expires on December 2, 2026. We may also reacquire shares sold to cover employee tax withholdings due upon the vesting of restricted stock held by employees. Accordingly, 9,221 shares were reacquired during the second quarter of 2025.
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