Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds .
The following table provides information about our repurchase activity with respect to shares of our common stock for the quarter ended March 31, 2025:
Period
Total Number of Shares Purchased
Weighted Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program (1)
Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
January 1 - 31, 2025
—
$
-
-
$
3,496,192
February 1 - 28, 2025
687,301
$
12.85
687,301
$
34,661,063
March 1 - 31, 2025
527,805
$
11.60
527,805
$
28,524,163
Total
1,215,106
$
12.31
1,215,106
(1) On May 12, 2022, the Board approved a program to repurchase shares of our Class A and Class B common stock. As of March 31, 2025, the Board has approved $132.0 million, of which $40 million was approved during the three months ended March 31, 2025, for repurchase under the Share Repurchase Program. These shares may be repurchased from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades, in accordance with Rule 10b5-1 trading plans and/or through other legally permissible means. The timing and amount of any repurchases pursuant to the program will depend on various factors including, the market price of our Class A Common Stock, trading volume, ongoing assessment of our working capital needs, general market conditions, and other factors. As of March 31, 2025, $103.5 million has been spent to buy back shares and there was $28.5 million remaining for authorized repurchases under this program.
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.