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) Issuers Purchase of Equity Securities
Common Stock Purchase Activity During the Three Months Ended March 31, 2026
Period Total Number of Shares Purchased (1)
Average Price Paid per Share (1)
Total Number of Shares Purchased as Part of Publicly Announced Repurchase Plans (1)
Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans (1)
January 1, 2026 - January 31, 2026 — $ — — $ 25,088,723
February 1, 2026 - February 28, 2026 — — — $ 25,088,723
March 1, 2026 - March 31, 2026 (1)
517,136 4.25 517,136 $ 47,890,350
Total 517,136 $ 4.25 517,136
(1) On May 24, 2022, the Board of Directors ("Board) authorized a Share Repurchase Program, pursuant to which the Company can repurchase up to $50.0 million of issued and outstanding common stock. On March 12, 2026, the Board authorized an increase to the existing stock purchase program whereby the Company may purchase, at management's discretion, up to an additional $25.0 million of its common stock. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time. For the first quarter of 2026, the Company repurchased 517,136 shares of common stock under the program for an aggregate price of $2.2 million on the open market.
Item 3. Defaults upon Senior Securities
(a) None.
(b) None.
Item 4. Mine Safety Disclosures
Not applicable.
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