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 June 30, 2026. At June 30, 2026, there were 3,226,284 shares available for repurchase under the Company’s stock repurchase program.
For the three months ended June 30, 2026, 198,827 shares were repurchased outside of the Company’s stock repurchase program at an average share price of $18.28. The Company repurchased these shares from employees 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
April 1, 2026 through April 30, 2026 — $ —
May 1, 2026 through May 31, 2026 — —
June 1, 2026 through June 30, 2026 198,827 18.28
Item 3. Defaults Upon Senior Securities
Not Applicable.
Item 4. Mine Safety Disclosures
Not Applicable.
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