Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On August 5, 2025, the Board of Directors approved a share repurchase program that authorizes the repurchase by the Company of up to $25.0 million of its outstanding shares of common stock over the
period ending on December 31, 2026. Under the share repurchase program, shares may be repurchased from time to time in the open market or negotiated transactions at prevailing market rates, or by other means in accordance with federal securities
laws. The timing and amount of share repurchases under the share repurchase program, if any, will depend on several factors, including the Company’s stock price performance, ongoing capital allocation priorities and general market conditions. The
Company repurchased 306,256 of its own shares for total consideration of $19.2 million on the open market during the three months ended June 30, 2026. As of June 30, 2026, the Company has materially completed the authorized amount under the share
repurchase program.
For the Month Ended
June 30, 2026
May 31, 2026
April 30, 2026
Number of shares repurchased
-
306,256
-
Total cost of shares repurchased
$
-
$
19,233,751
$
-
Average price (including brokers’ commission)
$
-
$
62.80
$
-
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