Item 2. Unregistered Sales of Equity Securities
ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer
Purchases of Equity Securities
During
the three months ended June 30, 2025, we purchased common stock as set forth below:
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
(in millions)
April 1, 2025 – April 30, 2025
—
$ —
—
$ —
May 1, 2025 – May 31, 2025
78,156
4.38
78,156
4.7
June 1, 2025 – June 30, 2025
434,653
4.71
434,653
2.6
Total
512,809
512,809
On May 15, 2025,
the Company announced the initiation of a share repurchase program for up to $5 million in shares of common stock for the period
from May 20, 2025 through May 20, 2026. The Board of Directors authorized repurchases in open market
transactions, including under a Rule 10b5-1 trading plan and in accordance with Rule 10b-18 under the Exchange Act. All share
repurchases set forth above were made using cash resources. On July 22, 2025, the Company completed its previously
announced share repurchase program. Under the program, the Company repurchased
an aggregate of 1,034,308 shares of its common stock for a total cash consideration of approximately $ 5 million,
exhausting the full authorization.
ITEM
3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
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