Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Purchases of Equity Securities
On June 25, 2021, the Company announced the Board authorized the repurchase of up to 5% of the Company’s outstanding common stock, or 3.0 million shares. Further, on July 16, 2025, the Company announced the Board authorized a 2025 Stock Repurchase Program to repurchase up to an additional 3.0 million shares. The stock repurchase plans have no scheduled expiration date and the Board has the right to suspend or discontinue the plans at any time. The Company did not repurchase any shares of its common stock through the stock repurchase programs during the three month period ended March 31, 2026. At March 31, 2026, there were 3,226,284 shares available for repurchase under the Company’s stock repurchase program.
For the three months ended March 31, 2026, 177,450 shares were repurchased outside of the Company’s stock repurchase program at an average share price of $19.18. The Company repurchased these shares from employees that elected to exercise vested stock options and those with vested awards. These shares were repurchased pursuant to the terms of the applicable plan and not under the Company’s share repurchase program.
Total Number of
Shares Purchased Average Price Paid per Share
January 1, 2026 through January 31, 2026 587 $ 19.19
February 1, 2026 through February 28, 2026 105,268 19.71
March 1, 2026 through March 31, 2026 71,595 18.40
Item 3. Defaults Upon Senior Securities
Not Applicable.
Item 4. Mine Safety Disclosures
Not Applicable.
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