Item 2. Unregistered Sales of Equity Securities
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 were authorized to repurchase up to $20,000,000 of shares of our common stock. See Note 4, “Stock Based Compensation-Share Repurchase Program” in the “Notes to Condensed Consolidated Financial Statements” for additional information.
For the thirteen weeks ended June 25, 2025, we repurchased 3,479 shares of common stock under the Share Repurchase Program, using open market purchases, for total consideration of less than $0.1 million. The Share Repurchase Program expired on March 31, 2025.
T he following table summarizes our repurchases of common stock in the quarterly period ended June 25, 2025 (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
March 27, 2025 to April 23, 2025
3,479
$
10.73
3,479
$
-
April 24, 2025 to May 21, 2025
14,499
$
9.29
—
$
-
May 22, 2025 to June 25, 2025
20,122
$
9.90
—
$
-
Total
38,100
(1)
3,479
(1) Consists of (a) 3,479 shares repurchased by us pursuant to the Share Repurchase Program and (b) 34,621 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.
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.