1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: The following table provides information about purchases of equity securities that are registered by the Company pursuant to Section 12 of the Exchange Act during the three months ended September 30, 2023 (in thousands, except share and per share data).
+Added: On September 1, 2023 and October 31, 2023, the Board of Directors authorized the Stock Repurchase Plan (as defined in Note 10.
+Added: Stockholders' Equity ) in the aggregate amount of up to $15,000,000 and $10,000,000, respectively, for a total of $25,000,000 authorized, which allows the Company to repurchase shares of its issued and outstanding Common Stock, from time to time in the open market or otherwise including pursuant to a Rule 10b5-1 trading plan and in compliance with Rule10b-18 under the Exchange Act.
+Added: The authorization does not have a specified expiration date.
+Added: Accordingly, unless terminated earlier by resolution of the Board, the stock repurchase program will expire when the Company has repurchased all shares authorized for repurchase.
+Added: The Company is not obligated to acquire any particular amount of Common Stock and may modify or suspend the repurchases at any time in the Company’s discretion.
+Added: In the three months ended March 31, 2024, the Company purchased 2,242,654 shares as part of the Stock Repurchase Plan at an average price of $3.50 per shares, excluding commission costs and the impact of excise taxes.
+Added: The following table provides information about purchases of equity securities that are registered by the Company pursuant to Section 12 of the Exchange Act during the three months ended March 31, 2024.
Period Total number of shares purchased Average price paid per share (2) Total number of
2 unchanged sentences
publicly announced
−Removed: plan (3) Maximum
approximate dollar
3 unchanged sentences
1/1/2024 - 1/31/2024 691,096 $ 4.12 691,096 $ 7,901,000
−Removed: Total 875,624 $ 4.10 783,356 $ 11,784,771
−Removed: (1) The total number of shares repurchased includes 92,268 shares withheld from employees to satisfy either the exercise price of stock options or the statutory withholding tax liability upon the vesting of share-based awards.
−Removed: (2) Average price paid per share excludes costs associated with the above mentioned repurchases.
−Removed: (3) On September 1, 2023, the Board of Directors authorized the Stock Repurchase Plan (as defined in Note 11.
−Removed: Stockholders’ Equity) in the aggregate amount of up to $15,000,000 that would allow the Company to repurchase shares of its issued and outstanding Common Stock, from time to time in the open market or otherwise including pursuant to a Rule 10b5-1 trading plan and in compliance with Rule10b-18 under the Exchange Act.
−Removed: The authorization does not have a specified expiration date.
−Removed: Accordingly, unless terminated earlier by resolution of the Board, the stock repurchase program will expire when the Company has repurchased all shares authorized for repurchase.
−Removed: The Company is not obligated to acquire any particular amount of Common Stock and may modify or suspend the repurchases at any time in the Company’s discretion.
−Removed: Subsequent Events regarding an authorized increase to the Share Repurchase Plan subsequent to September 30, 2023.
+Added: 2/1/2024 - 2/29/2024 681,570 $ 3.93 681,570 $ 5,172,000
+Added: 3/1/2024 - 3/31/2024 (1)
+Added: 1,006,609 $ 2.66 869,988 $ 2,801,000
+Added: 2,379,275 2,242,654
+Added: (1) The total number of shares repurchased includes 136,621 shares withheld from employees to satisfy the statutory withholding tax liability upon the vesting of share-based awards.
+Added: (2) Average price paid per share excludes commission costs and excise taxes associated with the above mentioned repurchases.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.