Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table presents information with respect to purchases of common stock of the Company made during the thirteen weeks ended March 30, 2025 , by the Company or any “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended:
Period Total number of shares purchased Average price paid per share (a)
Total number of shares purchased as part of publicly announced plans or programs Maximum dollar amount that may yet be purchased under the plans or programs (b)
December 30, 2024 through January 26, 2025 — $ — — $ 21,427,254
January 27, 2025 through February 23, 2025 — $ — — $ 21,427,254
February 24, 2025 through March 30, 2025 838,984 $ 13.60 838,984 $ 60,015,416
Q1 2025 Total 838,984 $ 13.60 838,984
(a) Average price paid per share excludes commissions paid.
(b) On May 9, 2023, we announced our Board of Directors’ authorization of a stock repurchase program (“2023 Share Repurchase Authorization”) under which we may repurchase up to $50.0 million of our common stock over a twenty-four month period expiring on April 23, 2025. On March 13, 2025, our Board of Directors’ authorized of an additional stock repurchase program (“2025 Share Repurchase Authorization”) under which we may repurchase up to $50.0 million of our common stock over a thirty-six month period expiring on March 13, 2028. This additional stock repurchase program is in addition to the 2023 Share Repurchase Authorization. As of March 30, 2025, $10.0 million remained authorized for the purchase of shares under the 2023 Share Repurchase Authorization, and $50.0 million remained authorized for the purchase of shares under the 2025 Share Repurchase Authorization.
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.