Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In May 2026, the Company’s Board of Directors authorized the repurchase of up to $30 million of our outstanding common stock over the next 12 months (“the Repurchase Program”). Under the Repurchase Program, the shares may be repurchased from time to time through a combination of open market transactions at prevailing market prices, in privately negotiated transactions, through block trades and pursuant to any trading plan that may be adopted in accordance with Rules 10b5-1 and/or 10b-18 of the Exchange Act. The actual timing, number and value of shares repurchased under the Repurchase Program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company’s stock, general market and economic conditions, applicable legal requirements, and other factors. The Repurchase Program may be modified, amended or terminated by the Board of Directors at any time.
The following table provides information regarding purchases made by or on behalf of us or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) of our common stock during the second quarter of 2026.
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased Under Repurchase Program Maximum Remaining Dollar Value of Shares That May Be Purchased Under Repurchase Program
May 1, 2026 to May 31, 2026 — $ — — $ 30,000,000
June 1, 2026 to June 30, 2026 40,093 22.22 40,093 29,109,085
Total 40,093 22.22 40,093
Item 3. DEFAULTS UPON SENIOR SECURITIES
None.
Item 4. MINE SAFETY DISCLOSURES
This item is not applicable.
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.