Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
(a) None.
(b) Not applicable.
(c) The Company’s repurchases of equity securities
for the three months ended September 30, 2025 were
as follows:
Total
Number of
Shares
Purchased
Average
Price Paid
Per Share
Total Number of Shares Purchased
as Part of Publicly Announced
Plans or Programs (1)
Maximum Number
of Shares that
May
Yet Be Purchased
Under Plans or
Programs (1)
Period
July 1 - 31, 2025
-
$
-
-
528,309
August 1 - 31, 2025
-
$
-
-
528,309
September 1 - 30, 2025
2,000,000
$
17.19
-
528,309
Total
2,000,000
(2)
$
17.19
-
(1) As of September 30, 2025 there were
528,309 number of shares available for repurchase under
the two outstanding share repurchase programs:
- On January 24, 2022, the Company announced
its initial stock repurchase program to repurchase
up to 750,000 shares of Class A common
stock.
- On April 22, 2024, the Company announced the
adoption of a second repurchase program to repurchase
up to 500,000 share of Class A common
stock to commence upon completion of its first
repurchase program.
(2) Reflects the repurchase of shares pursuant
to stock repurchase agreements entered into
with certain institutional investors on September 2, 2025.
For additional information regarding such repurchases,
please see the Current Report on Form 8-K filed
with the SEC on September 5, 2025.
Item 3.
Defaults Upon Senior Securities
(a)
Not applicable
(b)
Not applicable
Item 4.
Mine Safety Disclosures
Not applicable.
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