Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information regarding our repurchases of our common stock during the quarter ended March 31, 2024:
Period
Total Number of
Shares Purchased
Average Price
Paid per Share (1)
Total Number of Shares
Purchased as Part of Publicly
Announced Plans or Programs (2)
Maximum Approximate Dollar Value
of Shares That May Yet Be Purchased Under the Plans or Programs (2)
(In thousands)
01/01/24 – 01/31/24
2,220,246
$
3.49
2,220,246
$
37,684
02/01/24 – 02/29/24
711,065
3.89
711,065
34,920
03/01/24 – 03/31/24
263,930
4.42
263,930
33,753
Total
3,195,241
$
3.65
3,195,241
____________
(1)
Average price paid per share excludes commissions and excise tax.
(2)
On November 9, 2023, our board of directors approved an indefinite term share repurchase program under which we may repurchase from time to time up to $50.0 million of our common stock in the open market, including under trading plans established pursuant to Rule 10b5-1 and Rule 10b-18 under the Exchange Act, or in privately negotiated transactions. Since inception of the program, we have repurchased and retired 5.0 million shares at an average share price of $3.30 per share. As of May 10, 2024, approximately $ 33.8 million remained available for repurchase of our outstanding shares of common stock under the share repurchase program.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.