Usio, Inc. 10-Q

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. Recent Sales of Unregistered Securities We did not issue unregistered securities during the quarter ended March 31, 2025. Purchases of Equity Securities by the Issuer and Affiliated Purchasers On November 2, 2016, we announced that our Board of Directors authorized the buyback program, pursuant to which the Company may repurchase up to $1 million in shares of our common stock from time to time in the open market, in block transactions, or in privately negotiated transactions. On May 13, 2022, and again on March 24, 2025, our Board of Directors authorized renewals of the buyback program, with a limit equal to $4 million of the Company's common stock and a three year duration. The buyback program, as renewed most recently, terminates on the earliest of May 15, 2028, the date the funds are exhausted, or the date our Board of Directors, at its sole discretion, terminates or suspends the buyback program. The buyback program is used for the repurchase of stock from employees and directors, and for open-market purchases through a broker. During the three months ended March 31, 2025, we made the following stock repurchases: Period (a) Total number of shares (or units) purchased (b) Average price paid per share (or unit) (c) Total number of shares (or units) purchased as part of publicly announced plans or programs (d) Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs January 1 - January 31, 2025 5,177 $ 1.48 5,177 $ 1,869,965 February 1 - February 28, 2025 78,177 $ 1.84 78,177 $ 1,726,119 March 1 - March 31, 2025 134,331 $ 1.49 134,331 $ 1,525,966 Total 217,685 217,685 $ 1,525,966 Item 3. Defaults Upon Senior Securities. None. Item 4. MINE SAFETY DISCLOSURES. Not applicable.