Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
We did not engage in unregistered sales of securities during the quarter ended March 31, 2023.
Issuer Purchases of Equity Securities
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 (a)
(in thousands)
January 1, 2023 to January 31, 2023
746
$
14.02
746
$
46,952
February 1, 2023 to February 28, 2023
—
$
—
—
$
46,952
March 1, 2023 to March 31, 2023
—
$
—
—
$
46,952
Total
746
746
(a) On May 3, 2022, the Board authorized a program to repurchase up to $50 million of our outstanding shares of common stock. Under the repurchase program, we may, but are not obligated to, repurchase shares of our outstanding common stock in the open market from time to time provided that we comply with our code of ethics and the guidelines specified in Rule 10b-18
of the 1934 Act, including certain price, market volume and timing constraints. In addition, any repurchases will be conducted in accordance with the 1940 Act. Unless amended or extended by our Board, we expect the repurchase program to be in place until the earlier of May 1, 2023 or until $50 million of our outstanding shares of common stock have been repurchased. The timing and number of shares to be repurchased will depend on a number of factors, including market conditions. There are no assurances that we will engage in any repurchases.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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