El Pollo Loco Holdings, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. On November 2, 2023, we announced that our Board of Directors approved a share repurchase program (“Share Repurchase Program”) under which we are authorized to repurchase up to $20,000,000 of shares of our common stock. See Note 3, “Stock Based Compensation-Share Repurchase Program” in the “Notes to Condensed Consolidated Financial Statements” for additional information. For the thirteen weeks ended September 25, 2024, we repurchased 92,043 shares of common stock under the Share Repurchase Program, using open market purchases, for total consideration of approximately $1.1 million. Following completion of these repurchases, approximately $3.1 million of our common stock remained available for repurchase under the Share Repurchase Program at September 25, 2024. T he following table summarizes our repurchases of common stock in the quarterly period ended September 25, 2024, which occurred pursuant to our Share Repurchase Program (in thousands, except number of shares and per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Shares Purchased ​ Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs ​ Approximate Dollar Value of Shares That May Be Purchased Under the Plans or Programs June 27, 2024 to July 24, 2024 51,000 ​ $ 11.16 ​ 51,000 ​ $ 3,621 July 25, 2024 to August 21, 2024 38,574 ​ $ 11.91 ​ 38,574 ​ $ 3,161 August 22, 2024 to September 25, 2024 7,200 ​ $ 13.22 ​ 2,469 ​ $ 3,129 Total 96,774 (1) ​ ​ ​ ​ 92,043 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Consists of (a) 92,043 shares repurchased by us pursuant to the Share Repurchase Program and (b) 4,731 shares acquired by us to satisfy employee tax withholding obligations in connection with the vesting of previously issued restricted stock. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Item 3. Defaults Upon Senior Securities. None. ​ Item 4. Mine Safety Disclosures. None. ​ 47 Table of Contents