Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On July 31, 2020, the Company issued a total of 1,116 shares of common stock to the four directors serving as chairpersons on committees of the Company’s Board of Directors. The shares were issued in lieu of $5,000 of cash compensation for services otherwise payable to these directors. The shares were issued to the directors pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act since, among other things, the transactions did not involve a public offering.
The following table sets forth information regarding the shares of common stock cancelled, and deemed to have been repurchased, during the three months ended January 31, 2021 in connection with employee tax withholding for shares of restricted stock that vested under our 2020 Equity Incentive Plan.
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
November 2020
-
$
-
-
$
-
December 2020
-
$
-
-
$
-
January 2021
2,367
$
4.89
-
$
-
Item 3. Defaults upon Senior Securities
Nothing to report.
Item 4. Mine Safety Disclosures
Nothing to report.
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.