NorthEast Community Bancorp, Inc./MD/ 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds On July 27, 2022, the Company announced that its Board of Directors had authorized a stock repurchase program to acquire up to 1,637,794 shares, or 10%, of the Company's currently issued and outstanding common stock commencing on August 1, 2022. The stock repurchase program is the Company’s first repurchase program since completing its second-step conversion and related stock offering in July 2021. The following table provides information on repurchases by the Company of its common stock under the Company’s stock repurchase program during the three months ended March 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Shares ​ Maximum Number of ​ ​ ​ ​ ​ ​ ​ Purchased as Part of Shares that May Yet Be ​ Total Number of ​ Average Price Paid Publicly Announced Purchased Under the Period ​ Shares Purchased ​ ​ Per Share ​ Plans or Programs ​ Plans or Programs January 1 - 31, 2023 ​ 253,089 $ 15.17 253,089 704,186 February 1 - 28, 2023 ​ 28,420 ​ ​ 15.48 ​ 28,420 ​ 675,766 March 1 - 31, 2023 ​ 442,117 ​ ​ 13.83 ​ 442,117 ​ 233,649 Total ​ 723,626 ​ ​ ​ ​ 723,626 ​ ​ ​ ​ ​ Item 3. Defaults Upon Senior Securities Not applicable. ​ Item 4. Mine Safety Disclosures Not applicable. ​