NATHANS FAMOUS, INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds .   In 2016, the Company’s Board of Directors authorized increases to the sixth stock repurchase plan for the purchase of up to 1,200,000 shares of its common stock on behalf of the Company. As of September 25, 2022, Nathan’s has repurchased 1,101,884 shares at a cost of $39,000,000 under the sixth stock repurchase plan. At September 25, 2022, there were 98,116 shares remaining to be repurchased pursuant to the sixth stock repurchase plan. The plan does not have a set expiration date. Purchases under the Company’s stock repurchase program may be made from time to time, depending on market conditions, in open market or privately-negotiated transactions, at prices deemed appropriate by management. There is no set time limit on the repurchases.   On June 14, 2022, the Company’s Board of Directors approved the 10b5-1 Plan which expired on September 13, 2022.   ISSUER PURCHASES OF EQUITY SECURITIES Period (A)   Total Number of Shares Purchased (B)     Average Price Paid per Share     Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs     Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs   June 27, 2022 July 24, 2022     11,189     $ 54.52       11,189       101,991   July 25, 2022 August 21, 2022     3,875     $ 54.56       3,875       98,116   August 22, 2022 September 25, 2022     -       -       -       98,116   Total     15,064     $ 54.53       15,064       98,116       (A) Represents the Company’s fiscal periods during the quarter ended September 25, 2022.   (B) The shares of the Company’s common stock were purchased pursuant to the 10b5-1 Plan.   31     Item 3. Defaults Upon Senior Securities.   None.     Item 4. Mine Safety Disclosures.   None.