Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common Stock
Our Common Stock, par value $0.0001 per share, is traded on the Nasdaq Global Select Market under the symbol “OPCH”.
Holders of Record
As of February 19, 2024, there were 96 stockholders of record of our Common Stock.
Dividend Policy
We have never paid cash dividends on our Common Stock and do not anticipate doing so in the foreseeable future.
Securities Authorized for Issuance under Equity Compensation Plans
See Item 12. “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of this Annual Report.
Recent Sale of Unregistered Securities and Use of Proceeds
Issuer Purchases of Equity Securities
On February 20, 2023, the Company’s Board of Directors approved a share repurchase program of up to an aggregate $250.0 million of common stock of the Company. On December 6, 2023, the Company’s Board of Directors approved an increase to its stock repurchase program authorization from $250.0 million to $500 million. This program has no specified expiration date.
The following table provides certain information with respect to the Company’s repurchases of common stock from October 1, 2023 through December 31, 2023:
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
October 1, 2023 - October 31, 2023 — $ — — $ 75,000,067
November 1, 2023 - November 30, 2023 1,620,021 28.78 1,620,021 28,368,824
December 1, 2023 - December 31, 2023 937,594 30.26 937,594 250,000,103
2,557,615 $ 29.32 2,557,615 $ 250,000,103
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Stock Performance Graph
The following graph compares the total cumulative returns of BioScrip through August 6, 2019 and Option Care Health from August 7, 2019 through December 31, 2023 with the total cumulative returns of the Nasdaq Composite Index and the S&P Health Care Services Select Industry Index for the five-year period from December 31, 2018 through December 31, 2023. The graph shows the performance of a $100 investment in our Common Stock and each index as of December 31, 2018.
* $100 invested on December 31, 2018 in stock or index, including reinvestment of dividends.
Year Ended December 31,
2018 2019 2020 2021 2022 2023
Option Care Health, Inc. $ 100.00 $ 104.48 $ 109.52 $ 199.16 $ 210.71 $ 235.92
Nasdaq Composite Index $ 100.00 $ 135.23 $ 194.24 $ 235.78 $ 157.74 $ 226.24
S&P Health Care Services Select Industry Index $ 100.00 $ 118.40 $ 157.48 $ 172.35 $ 137.77 $ 144.10
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Item 6. Reserved
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