KUSTOM ENTERTAINMENT, INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Purchases of Equity Securities by the Issuer On December 6, 2021, the board of directors of the Company announced the repurchase of up to $10.0 million of the Company’s outstanding common stock under the specified terms of a share repurchase program (the “Program”). During the three months ended June 30, 2022, the Company repurchased 1,849,952 shares of its common stock for $1,962,755, in accordance with the Program. Furthermore, during the six months ended June 30, 2022, the Company repurchased 3,725,986 shares of its common stock for $4,026,523, in accordance with the Program. Period Total Number of Shares Purchased Average Price Paid per Shares Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program December 2021 1,734,838 $ 1.14 1,734,838 — January 2022 697,093 1.11 697,093 — February 2022 692,984 1.12 692,984 — March 2022 485,957 1.06 485,957 — April 2022 595,476 1.14 595,476 — May 2022 716,911 1.08 716,911 — June 2022 537,565 0.96 537,565 — Total all plans 5,460,824 $ 1.10 5,460,824 $ 3,998,398 On June 30, 2022, the board of directors of the Company elected to terminate the Program, effective immediately. The Program began in December 2021, with the Company purchasing a total of 5,460,824 shares at a cost of $6,001,602 through June 30, 2022. Item 3. Defaults upon Senior Securities. Not applicable. Item 4. Mine Safety Disclosures. Not applicable.