Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) Unregistered Sales of Securities
None.
(b) Use of Proceeds
None.
(c) Issuer Purchases of Equity Securities
Common Stock Purchase Activity During the Three Months Ended September 30, 2022
Period Total Number of Shares Purchased (1) (2)
Average Price Paid per Share (1)
Total Number of Shares Purchased as Part of Publicly Announced Repurchases Plans (1)
Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans (1)
July 1, 2022 - July 31, 2022 151,675 $ 7.73 119,012 $ 46,077,038
August 1, 2022 - August 31, 2022 230,183 9.64 230,183 $ 43,856,971
September 1, 2022 - September 30, 2022 149,536 10.30 149,536 $ 42,316,996
Total 531,394 $ 9.38 498,731
(1) On May 24, 2022, the Board of Directors authorized a Share Repurchase Program, pursuant to which the Company can repurchase up to $50.0 million of issued and outstanding common stock. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time. For the third quarter of 2022, the Company repurchased 498,731 shares of common stock under the program for an aggregate price of $4.7 million in open market.
(2) The Total Number of Shares Purchased includes shares withheld by the Company upon the vesting of restricted stock units to satisfy tax withholding obligations of the holders of those restricted stock units.
Item 3. Defaults upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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