PDF SOLUTIONS INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds On June 4, 2020, the Company’s Board of Directors adopted a stock repurchase program (the “2020 Program”) to repurchase up to $25.0 million of the Company’s common stock both on the open market and in privately negotiated transactions, including through Rule 10b5-1 plans, over the next two years. The table below sets forth the information with respect to purchases made under the 2020 Program by or on behalf of the Company or any “affiliated purchaser” (as the term is defined in Rule 10b-18(a)(3) under the Exchange Act) of our common stock during the three months ended March 31, 2022. Under the 2020 Program, $14.7 million of common stock remained available for future repurchases as of March 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Approximate ​ ​ ​ ​ ​ ​ ​ Total Number Dollar ​ ​ ​ ​ ​ ​ ​ of Shares Value of ​ ​ ​ ​ ​ ​ ​ Purchased Shares that ​ Total ​ ​ ​ ​ as Part of May Yet Be ​ Number of ​ ​ ​ ​ Publicly Purchased ​ Shares ​ Average ​ Announced Under ​ Purchased ​ Price Paid ​ Programs Programs Period (in thousands) Per Share (in thousands) (in thousands) January 1, 2022 through January 31, 2022 ​ — ​ $ — ​ — $ 20,477 February 1, 2022 through February 28, 2022 ​ 60 ​ $ 26.48 ​ 60 $ 18,885 March 1, 2022 through March 31, 2022 ​ 159 ​ $ 26.37 ​ 159 $ 14,700 Total ​ 219 ​ $ 26.40 ​ 219 ​ ​ ​ On April 11, 2022, the Board of Directors terminated that 2020 Program, and adopted a new program (the “2022 Program”) to repurchase up to $35.0 million of the Company’s common stock both on the open market and in privately negotiated transactions, from time to time, over the next two years. ​ 37 Table of Contents ​ ​ Item 3. Defaults Upon Senior Securities None. ​ Item 4. Mine Safety Disclosures None. ​