Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed and traded on the Nasdaq Global Select Market under the symbol MRCY. The following table sets forth, for the fiscal periods indicated, the high and low sale prices per share for our common stock during such periods. Such market quotations reflect inter-dealer prices without retail markup, markdown or commission.
High Low
2026 Fourth quarter $ 126.21 $ 69.86
Third quarter $ 103.02 $ 71.40
Second quarter $ 84.00 $ 66.12
First quarter $ 77.10 $ 50.09
2025 Fourth quarter $ 53.87 $ 41.52
Third quarter $ 49.88 $ 39.67
Second quarter $ 43.91 $ 32.35
First quarter $ 40.12 $ 28.35
As of July 3, 2026, we had 319 record shareholders and 73,817 nominee holders.
Dividend Policy
We have never declared or paid cash dividends on shares of our common stock. We currently intend to retain any earnings for future growth. Accordingly, we do not anticipate that any cash dividends will be declared or paid on our common stock in the foreseeable future.
Net Share Settlement Plans
During fiscal 2026, we made no net share settlements of our common stock in connection with the surrender of shares to cover the minimum taxes on vesting of restricted stock.
Share Repurchase Plans
The table below summarizes our repurchases of common stock during the three months ended July 3, 2026. See Note O in the accompanying consolidated financial statements for more information on our share repurchase program.
Period Total Number of Shares Purchased Average Price Paid per Share (2)
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (3)
Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs
($ in thousands) (3)
March 28, 2026 - May 1, 2026 (1)
— $ — — $ 185,003
May 2, 2026 - May 29, 2026 (1)
— — — 185,003
May 30, 2026 - July 3, 2026 (1)
— — — 185,003
Total — $ — — $ 185,003
(1) We close our books and records for each 52-week or 53-week fiscal year on the Friday closest to the last day in June to align our financial close with our business processes and needs. As a result, our fiscal months often differ from calendar months. For example, July 3, 2026 was the last day of our June 2026 fiscal month.
(2) Excludes commissions paid and other costs of execution, including taxes.
(3) On November 3, 2025, the Board of Directors authorized a new share repurchase program for the purchase of up to $200.0 million of our outstanding common stock. The program has no expiration date and repurchases may be made through open market or privately negotiated transactions from time to time at prevailing market prices. The timing and amount of repurchases will depend on market conditions and other factors.
Equity Compensation Plans
The information required by this item is incorporated by reference to our Proxy Statement for the Shareholders Meeting.
Insider Trading Arrangements
On May 7, 2026, Stuart H. Kupinsky, the Company’s Executive Vice President, Chief Legal Officer, and Corporate Secretary, adopted a trading arrangement intended to comply with Rule 10b5‑1 under the Securities Exchange Act of 1934, as
29
Table of Contents
amended. The plan provides for the potential sale of up to 10,000 shares of the Company’s common stock, subject to the terms and conditions of the plan. The plan is scheduled to expire on May 28, 2027. The adoption of the plan was made during an open trading window and at a time when the executive represented that they were not in possession of material nonpublic information.
ITEM 6. [RESERVED]
Not applicable.