Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
In December 2023, the Company’s board of directors authorized the repurchase of up to 5,000,000 shares of the Company’s common stock through December 31, 2025. On November 13, 2025, the Company’s board of directors extended the program and authorized the repurchase of up to 5,000,000 shares of the Company’s common stock from November 14, 2025 through December 31, 2027. Under the repurchase programs, the Company purchased the following shares of Common Stock during the three months ended December 31, 2025:
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 of Shares that May Yet Be Purchased under the Plans or Programs (1)
October 1 − 31, 2025
302,600
$
5.97
302,600
4,217,643
November 1 − 30, 2025
142,458
5.98
142,458
4,916,637
December 1 − 31, 2025
—
—
—
4,916,637
Total
445,058
$
5.97
445,058
4,916,637
(1) The maximum number of shares yet to be purchased for November is calculated as the 5,000,000 shares approved on November 13, 2025 less purchases subsequent to November 13, 2025.
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.