Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common
Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is traded under the symbol “OPRX”
on the Nasdaq Capital Market. At February 28, 2023, there were approximately 350 shareholders of record of our common stock.
We currently intend to retain future earnings
for the operation of our business. We have never declared or paid cash dividends on our common stock, and we do not anticipate paying
any cash dividends in the foreseeable future. Any payment of future dividends will be at the discretion of our board of directors and
will depend upon, among other things, our earnings, financial condition, capital requirements, level of indebtedness, and other factors
that our board of directors deems relevant.
For the information regarding our equity compensation
plans, see PART III, Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”
Issuer Purchases of Equity Securities
During the three months ended December 31, 2022, we purchased
shares of our common stock as follows:
Period
Total
Number of
Shares
Purchased
(1)
Average
Price Paid
per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs (1)
Maximum
Number (or
Approximate
Dollar Value) of
Shares that
May Yet Be
Purchased
Under the Plans
or Programs
(1)
10/1/22 - 10/31/22
341,934
$ 14.83
341,934
$ 2,416,111
11/1/22 - 11/30/22
166,350
$ 14.62
166,350
$ 28
12/1/22 - 12/31/22
—
$ —
—
$ 0
(1) On
May 17, 2022, we announced that our Board of Directors had authorized the repurchase of up to $20 million of our outstanding common stock.
Under this program, share repurchases may be made from time to time depending on market conditions, share price and availability and
other factors at our discretion. This stock repurchase authorization expires on the earlier of May 17 ,
2023, or when the repurchase of $20 million of shares of our common stock has been reached. In accordance with its terms, the stock repurchase
plan terminated as of December 1, 2022. Our stock repurchases may take place in open market transactions or privately negotiated transactions
in accordance with applicable securities and other laws.
Item 6. Reserved
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.