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 June 30, 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)
April 1, 2026 - April 30, 2026 — $ — — $ 47,890,350
May 1, 2026 - May 31, 2026 309,250 4.42 309,250 $ 46,524,310
June 1, 2026 - June 30, 2026 733,100 4.54 733,100 $ 43,199,457
Total 1,042,350 $ 4.50 1,042,350
(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 second quarter of 2026, the Company repurchased 1,042,350 shares of common stock under the program for an aggregate price of $4.7 million on the open market.
Item 3. Defaults upon Senior Securities
(a) None.
(b) None.
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.