MCGRATH RENTCORP 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Common Stock Purchase The Company has in the past made purchases of shares of its common stock from time to time in over-the-counter market (NASDAQ) transactions, through privately negotiated, large block transactions and through a share repurchase plan, in accordance with Rule 10b5-1 of the Exchange Act. In September 2024, the Company's Board of Directors increased the capacity under the share repurchase program by authorizing the Company to repurchase up to 2,000,000 shares of the Company's outstanding common stock (the "Repurchase Plan"), an increase from the 1,309,805 remaining shares authorized for repurchase under the Repurchase Plan established in August 2015. The amount and time of the specific repurchases are subject to prevailing market conditions, applicable legal requirements and other factors, including management’s discretion. All shares repurchased by the Company are canceled and returned to the status of authorized but unissued shares of common stock. There can be no assurance that any authorized shares will be repurchased, and the Repurchase Plan may be modified, extended or terminated by the Company’s Board of Directors at any time. There were no shares repurchased during the three and nine months ended September 30, 2024 and 2023. As of September 30, 2024, 2,000,000 shares were authorized for repurchase under the Repurchase Plan. The table below sets forth the information with respect to repurchases of our common stock during the three months ended September 30, 2024: (a) TOTAL NUMBER OF SHARES REPURCHASED AVERAGE PURCHASE PRICE PER SHARE TOTAL NUMBER OF SHARES REPURCHASED AS PART OF PUBLICLY ANNOUNCED PLANS OR PROGRAMS MAXIMUM NUMBER OF SHARES THAT MAY YET BE PURCHASED UNDER THE PLANS OR PROGRAMS (2) July 1, 2024 to July 31, 2024 — $ — — 2,000,000 August 1, 2024 to August 31, 2024 — $ — — 2,000,000 September 1, 2024 to September 30, 2024 — $ — — 2,000,000 Total — — 1. In September 2024, the Company's Board of Directors increased the capacity under the share repurchase program by authorizing the Company to repurchase up to 2,000,000 shares of the Company's outstanding common stock, an increase from the 1,309,805 remaining shares authorized for repurchase under the Repurchase Plan established in August 2015. 2. The number represents the number of shares of our common stock that remain available for repurchase pursuant to our Repurchase Plan. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures None.