LIQUIDITY SERVICES INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Unregistered Sales of Equity Securities None during the period covered by this report. Use of Proceeds Not applicable. Issuer Purchases of Equity Securities There was no share repurchase activity during the three months ended June 30, 2021. We have been authorized to repurchase issued and outstanding shares of our common stock under a share repurchase program approved by our Board of Directors. Share repurchases may be made through open market purchases, privately negotiated transactions or otherwise, at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions. The repurchase program may be discontinued or suspended at any time and will be funded using our available cash. As of June 30, 2021, the Company had $15 million of remaining authorization to repurchase shares under the May 3, 2021 Stock Repurchase Plan. Separate from the share repurchase program, our stock incentive plans allow for participants to exercise stock options by surrendering shares of common stock equivalent in value to the exercise price due. No shares of common stock were surrendered by participants in the exercise of stock options during the three months ended June 30, 2021.