SAGA COMMUNICATIONS INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds We made no unregistered sales of equity securities during the fiscal quarter ended March 31, 2025. The following table summarizes our repurchases of our Class A Common Stock during the three months ended March 31, 2025. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number ​ Approximate ​ ​ ​ ​ ​ ​ ​ of ​ Dollar ​ ​ ​ ​ ​ ​ Shares ​ Value of ​ ​ ​ ​ ​ ​ Purchased ​ Shares ​ ​ Total ​ Average ​ as Part of ​ that May Yet be ​ ​ Number ​ Price ​ Publicly ​ Purchased ​ ​ of Shares ​ Paid per ​ Announced ​ Under the Period Purchased (1) Share Program Program (2) January 1 - January 31, 2025 ​ — ​ $ — ​ — ​ $ 17,686,383 February 1 - February 28, 2025 ​ — ​ $ — ​ — ​ $ 17,686,383 March 1 - March 31, 2025 ​ — ​ $ — ​ — ​ $ 17,686,383 Total — ​ $ — — ​ $ 17,686,383 ​ (1) All shares were purchased other than through a publicly announced plan or program. The shares were forfeited to the Company for payment of tax withholding obligations related to the vesting of restricted stock. (2) We have a Stock Buy-Back Program which allows us to purchase our Class A Common Stock. In February 2013, our Board of Directors authorized an increase in the amount committed to the Buy-Back Program from $60 million to approximately $75.8 million. ​