Orion S.A. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds On May 5, 2023, our Board of Directors approved a new stock repurchase program with authorization to management to purchase up to approximately 6.9 million shares of our outstanding common stock from time to time through open market purchases or public tender offers, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions, at any time through June 2027 (“ 6.9 million of Common Stocks Repurchase Program ”). This new stock repurchase program supplements our existing stock repurchase program, which was adopted by our Board of Directors in 2022 and authorizes management to purchase up to $50 million of our common stock (“ $50 million of Stock Repurchase Program ”). The maximum number of shares of our common stock that may yet be purchased under both programs is not necessarily an indication of the number of shares that will ultimately be purchased. Each authorization may be suspended or discontinued at any time and does not obligate us to acquire any specific amount of common stock. Issuer Purchases of Equity Securities Period Total number of Common stocks purchased Average price paid per stock Total dollar value of stocks purchased as part of publicly announced plans ($ in millions) Maximum approximate dollar value of stocks yet be purchased ($ in millions) $50 million of Stock Repurchase Program April 1 — 30, 2023 521,788 $ 25.00 $ 13.0 May 1 — 18, 2023 139,951 23.82 3.3 Sub-Total 661,739 $ 16.3 $ — Period Total number of Common stocks purchased Average price paid per stock Total number of stocks purchased as part of publicly announced plans Maximum number of stocks yet be purchased as part of publicly announced plans 6.9 million of Common Stocks Repurchase Program May 19 — 31, 2023 37,535 $ 24.64 37,535 6,892,117 June 1 — 30, 2023 123,321 22.91 123,321 6,768,796 Sub-Total 160,856 160,856 6,768,796 Stocks Repurchased in 2023 second quarter 822,595 $ 24.47 Item 3. Defaults Upon Senior Securities None Item 4. Mine Safety Disclosures Not applicable.