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
Tiptree’s common stock is traded on the Nasdaq Capital Market under the ticker symbol “TIPT”.
Holders
As of December 31, 2022, there were 48 common stockholders of record. This number does not include beneficial owners whose shares are held by nominees in street name.
Issuer Purchases of Equity Securities
Share repurchase activity for the three months ended December 31, 2022 was as follows:
Period Purchaser Total
Number of
Shares
Purchased (1)
Average
Price
Paid Per
Share Total Number
of Shares
Purchased
as Part of
Publicly
Announced
Program Approximate
Dollar Value ($ in thousands) of
Shares That
May Yet Be
Purchased
Under the
Program (1)
October 1, 2022 to October 31, 2022 Tiptree Inc. 6,878 $ 10.58 6,878
November 1, 2022 to November 30, 2022 Tiptree Inc. — $ — —
December 1, 2022 to December 31, 2022 Tiptree Inc. — $ — —
Total 6,878 $ 10.58 6,878 $ 11,945
(1) On November 2, 2020, the Board of Directors of Tiptree authorized Tiptree’s Executive Committee to repurchase up to $20 million of its outstanding common stock in the aggregate from time to time (the “Program”). The Program does not obligate the Company to acquire a minimum amount of shares. Under the Program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
Item 6. Reserved.
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