Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED
SALES OF
EQUITY SECURITIES
AND USE
OF PROCEEDS
The Company did not have any unregistered sales of its equity securities during the
three months ended September 30, 2022.
The table below presents the Company’s share repurchase activity for the three months
ended September 30, 2022.
Shares Purchased
Maximum Number
Total Number
Weighted-Average
as Part of Publicly
of Shares That May Yet
of Shares
Price Paid
Announced
Be Repurchased Under
Repurchased
(1)
Per Share
Programs
the Authorization
(2)
July 1, 2022 - July 31, 2022
-
$
-
-
3,364,601
August 1, 2022 - August 31, 2022
-
-
-
3,364,601
September 1, 2022 - September 30, 2022
186,249
12.73
175,000
3,189,601
Totals / Weighted Average
186,249
$
12.73
175,000
3,189,601
(1)
Includes 452
shares of the
Company’s common
stock acquired
by the Company
in connection
with the satisfaction
of tax withholding
obligations on
vested employment
related awards
under equity
incentive plans
and cash paid
for 10,796.6
fractional shares
as a result
of the Company’s
1-for-5
reverse stock
split effected
on August 30,
2022. These repurchases
do not reduce
the number of
shares available
under the stock
repurchase
program authorization.
(2)
On October
12, 2022, the
Board of Directors
approved an increase
in the number
of shares of
the Company’s
common stock
available in
the stock
repurchase
program for
up to an additional
4,300,000 shares.
The effect of this
increase in
not reflected
in the table.
ITEM 3.
DEFAULTS UPON SENIOR
SECURITIES
None.
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.