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. The Company did not purchase shares of common stock during the three months ended March 31, 2026. As of March 31, 2026, the Company may purchase 4,916,637 remaining shares under the repurchase program.
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