Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES .
Market
Information
Since
January 22, 2020, our common stock has been listed on the Nasdaq Capital Market, under the symbol “SWKH.”
Holders
of Record
There
were approximately 90 stockholders of record of our common stock as of February 27, 2023. The actual number of stockholders is
greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street
name by brokers and other nominees. This number of holders of record also does not include stockholders whose shares may be held
in trust by other entities.
Dividend
Policy
To
date, we have not paid any cash dividends on our capital stock. We intend to retain our cash and do not anticipate paying any
cash dividends in the foreseeable future.
Recent
Sales of Unregistered Equity Securities
None.
Issuer
Purchases of Equity Securities
O n
May 31, 2022, the board of directors of the Company (the “Board”) authorized a share repurchase program under which
the Company was authorized to repurchase up to $10.0 million of the Company’s outstanding shares of common stock from time to time
until May 15, 2023, through a Rule 10b5-1 trading plan in compliance with all applicable laws and regulations, including Rule 10b-18
of the Securities Exchange Act. The actual timing, number and value of shares repurchased under the program will depend on several factors,
including the constraints specified in the Rule 10b5-1 trading plan, price, and general market conditions. There is no guarantee as to
the exact number of shares that will be repurchased under the trading plan. Our Board may also suspend or discontinue the repurchase
program at any time, in its sole discretion. The purchase period is July 1, 2022 through May 15, 2023.
The
table below summarizes information about our purchases of common stock during the three months ending December 31, 2022:
Period
Total
Number
of Shares
Purchased
Average
Price Paid
per Share
Total
Number of
Shares Purchased
as Part of Publicly
Announced Plan
Maximum
Number of
Shares That May Yet Be
Purchased Under the
Plan
October 1, 2022
- October 31, 2022
14,902
$ 17.64
14,902
664,921
November
1, 2022 - November 30, 2022
7,968
19.02
7,968
656,953
December
1, 2022 - December 31, 2022
6,568
18.74
6,568
650,385
29,438
$ 18.26
29,438
As
of December 31, 2022, the Company has repurchased 63,901 shares under the share repurchase program at a total cost of $1.1 million,
or $17.78 per share. As of December 31, 2022, the maximum number of shares that may yet be purchased under the plan was approximately
$8.9 million, or 650,385 shares of common stock.
ITEM 6.
RESERVED
Not
Applicable.
24
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