Titan Machinery 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 is listed for trading on the Nasdaq Global Select Market and trades under the symbol "TITN". As of March 23, 2026, there were approximately 727 record holders of our common stock, which excludes holders whose stock is held either in nominee name or in street name by brokers and other institutions. DIVIDENDS We have not historically paid any dividends on our common stock. Payment of future cash dividends, if any, will be at the discretion of the Board 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. UNREGISTERED SALES OF EQUITY SECURITIES We did not have any unregistered sales of equity securities during the fiscal quarter ended January 31, 2026. SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS For information on securities authorized for issuance under our equity compensation plans, refer to Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters , of this Form 10-K. REPURCHASES Under our equity incentive plan, participants may satisfy the statutory minimum federal, state and local withholding tax obligation arising in connection with plan awards by electing to have the Company withhold shares of common stock otherwise issuable under the award. The Company repurchased a total of 2,786 and 44,712 shares of its common stock for $0.1 million and $0.8 million to cover the income tax obligation on vested employee equity awards during the three months and fiscal year ended January 31, 2026, respectively. 24 Table of Contents STOCK PERFORMANCE GRAPH The following graph compares the cumulative total return for the last trading day of our last five fiscal years on a $100 investment (assuming dividend reinvestment) on January 31, 2021, the last trading day before our fifth preceding fiscal year, in each of our common stock, the Russell 2000 Index and the S&P 500 Retail Index. January 31, 2021 2022 2023 2024 2025 2026 Titan Machinery Inc. $ 100.00 $ 144.60 $ 206.29 $ 125.49 $ 87.89 $ 76.38 S&P 500 Retail Index 100.00 108.88 87.57 112.14 156.58 158.51 Russell 2000 Index 100.00 97.82 93.17 93.91 110.32 126.05 ITEM 6. [RESERVED] 25 Table of Contents