TACTILE SYSTEMS TECHNOLOGY INC 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market Information Our common stock has been listed on The Nasdaq Stock Market LLC under the symbol "TCMD" since July 28, 2016. Holders As of February 14, 2025, there were approximately 23 holders of record of our common stock. The actual number of holders of common stock 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 nominees. The number of holders of record also does not include stockholders whose shares may be held in trust by other entities. Dividends We have not declared or paid cash dividends on our common stock. We currently intend to retain our future earnings, if any, to finance the operation and expansion of our business, and, therefore, we do not expect to pay cash dividends on our common stock in the foreseeable future. Payment of future cash dividends, if any, will be at the discretion of our board of directors after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs, outstanding indebtedness and plans for expansion and restrictions imposed by lenders, if any. Recent Sales of Unregistered Securities None. Issuer Purchases of Equity Securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number ​ Approximate ​ ​ ​ ​ ​ ​ ​ ​ ​ of Shares ​ Dollar Value of ​ ​ ​ ​ ​ ​ ​ ​ ​ Purchased as ​ Shares that ​ ​ ​ ​ ​ ​ ​ ​ ​ Part of Publicly ​ May Yet Be ​ ​ Total Number ​ Average ​ Announced ​ Purchased ​ ​ of Shares ​ Price Paid ​ Plans or ​ Under the Plans or Period ​ Purchased ​ Per Share (1) ​ Programs ​ Programs (2) October 2024 ​ — ​ ​ $ — ​ ​ — ​ $ — November 2024 ​ — ​ ​ ​ — ​ ​ — ​ ​ — December 2024 ​ 195,518 ​ ​ ​ 17.94 ​ ​ 195,518 ​ ​ 26,491,776 Total ​ 195,518 ​ ​ $ 17.94 ​ ​ 195,518 ​ $ 26,491,776 ​ (1) Amount includes commissions paid. (2) On November 4, 2024, we announced that our board of directors authorized a program to repurchase shares of our common stock in an aggregate amount not to exceed $30.0 million. The share repurchase program became effective on October 30, 2024 and expires on October 31, 2026. ​ Equity Compensation Plan Information The information required by this Item concerning equity compensation plans is incorporated herein by reference from Part III, Item 12 of this report. ​ 69 Table of Contents Stock Performance Graph The graph below compares the cumulative total stockholder return on our common stock with the cumulative total stockholder returns on the Nasdaq Composite Index, Russell 2000 Index and S&P Healthcare Equipment Select Industry Index for the periods indicated. The graph assumes that $100 was invested on December 31, 2019, in our common stock and each of the indices and that all dividends, if any, were reinvested. No cash dividends have been declared on our common stock. Stockholder returns over the indicated periods should not be considered indicative of future stockholder returns. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Index ​ ​ ​ ​ 12/31/2019 ​ ​ 12/31/2020 ​ ​ 12/31/2021 ​ ​ 12/31/2022 ​ ​ 12/31/2023 ​ ​ 12/31/2024 Tactile Systems Technology, Inc. ​ $ 100 $ 67 ​ $ 28 $ 17 ​ $ 21 ​ $ 25 Nasdaq Composite Index ​ ​ ​ ​ 100 ​ ​ 144 ​ ​ 174 ​ ​ 117 ​ ​ 167 ​ ​ 215 Russell 2000 Index ​ ​ ​ ​ 100 ​ ​ 118 ​ ​ 135 ​ ​ 106 ​ ​ 121 ​ ​ 134 S&P Healthcare Equipment Select Industry Index ​ ​ ​ ​ 100 ​ ​ 133 ​ ​ 137 ​ ​ 105 ​ ​ 99 ​ ​ 104 ​ ​ ​ ​ ​ 70 Table of Contents Item 6. [Reserved .] ​