STURM RUGER & CO INC 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Share repurchase activity during the six months ended June 29, 2024 was as follows. These purchases were funded with cash on hand. Issuer Purchases of Equity Securities Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program First Quarter 2024 January 1 to January 27 7,317 $ 43.42 7,317 January 28 to February 24 20,307 $ 42.93 20,307 February 25 to March 30 47,400 $ 42.79 47,400 Second Quarter 2024 March 31 to April 27 — — — April 28 to May 25 28,924 $ 42.92 28,294 May 26 to June 29 373,969 $ 42.27 373,969 Total 477,917 $ 42.41 477,917 $ 54,400,000 All of these purchases were made with cash held by the Company and no debt was incurred. As of June 29, 2024, the Company was authorized by the Board of Directors to repurchase up to $100 million of the Company’s common stock under a share repurchase program announced on May 8, 2017, of which $45.6 million had been used and approximately $54.4 million remained authorized for share repurchases, in each case as of such date. 30 ITEM 3. DEFAULTS UPON SENIOR SECURITIES Not applicable ITEM 4. MINE SAFETY DISCLOSURES Not applicable