Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Period Total number of
shares purchased Average price
paid per share Total number of
shares purchased
as part of publicly
announced plans
or programs Maximum number (or
approximate dollar value)
of shares that may yet be
repurchased under the plans
or programs (1, 2)
January 1, 2025 - January 31, 2025 52,740 (3) $ 3.78 — $ 11,984,720
February 1, 2025 - February 28, 2025 50,009 (3) $ 3.95 — $ 11,984,720
March 1, 2025 - March 31, 2025 149,609 (3) $ 3.63 — $ 40,000,000
252,358 —
(1) On August 5, 2008, the Company's Board of Directors approved a share repurchase program (the "Prior Repurchase Program") pursuant to which the Company was permitted to acquire up to $25.0 million of outstanding shares of the Company's common stock. This share repurchase program was discontinued on March 21, 2025. In March 2025, the Company's board of directors authorized a stock repurchase program (the “Repurchase Program”) effective March 21, 2025, whereby the Company may purchase up to $40.0 million in shares of our common stock over a period of up to two years. The amount and timing of share repurchases under the Repurchase Program may be carried out at the discretion of management through various methods in compliance with applicable state and federal securities laws. We did not repurchase any shares of our common stock under the Repurchase Program during the three months ended March 31, 2025.
(2) This column represents the amount that remains available under the $25.0 million Prior Repurchase Program, as of the period indicated. The Company has made no commitment to purchase any shares under this plan.
(3) Pursuant to the OraSure Technologies, Inc. Stock Award Plan, and in connection with the vesting of restricted and performance shares, these shares were retired to satisfy minimum tax withholdings.
Item 3. DEFAULTS UPON SENIOR SECURITIES
None
Item 4. MINE SAFETY DISCLOSURES
Not applicable
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