Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information and Holders
In connection with the sale of the CCS segment that was completed subsequent to fiscal year end on January 9, 2026, our common stock continues to trade on the Nasdaq Global Select Market, but effective as of January 14, 2026, it trades under the ticker symbol “VISN.” For further discussion of the sale of the CCS segment, see Note 19 in the Notes to Consolidated Financial Statements included elsewhere in this Annual Report on Form 10-K. As of February 12, 2026, all of our outstanding shares of common stock are held by one stockholder of record, Cede & Co., as nominee for the Depository Trust Company. Many brokers, banks and other institutions hold shares of common stock as nominees for beneficial owners that deposit these shares of common stock in participant accounts at the Depository Trust Company.
Issuer Purchases of Equity Securities
The following table summarizes the stock purchase activity for the three months ended December 31, 2025:
Period
Total Number
of Shares
Purchased (1)
Average
Price Paid
Per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum Value of Shares that May Yet be Purchased Under the Plans or Programs
October 1, 2025 - October 31, 2025
6,665
$
15.86
—
$
—
November 1, 2025 - November 30, 2025
1,057
$
17.30
—
$
—
December 1, 2025 - December 31, 2025
1,116,956
$
17.85
—
$
—
Total
1,124,678
$
17.84
—
(1) The shares purchased were withheld to satisfy the withholding tax obligations related to restricted stock units and performance share units that vested during the period.
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Stock Performance Graph
The following graph compares cumulative total return on $100 invested on December 31, 2020 in each of our Common Stock, the Standard & Poor’s 500 Stock Index (S&P 500 Index) and the Standard & Poor’s 1500 Communications Equipment Index (S&P 1500 Communications Equipment). The return of the Standard & Poor’s indices is calculated assuming reinvestment of dividends. We have not paid any dividends on our common stock over this period. We announced our intent to pay a one-time special dividend of no less than $10 per share to stockholders, which we currently expect to pay in the first half of 2026. However, we do not intend to declare and pay any other dividends, including any regular dividends, on our common stock for the foreseeable future.
Base
INDEXED RETURNS
Period
Period Ending
Company / Index
12/31/2020
12/31/2021
12/31/2022
12/31/2023
12/31/2024
12/31/2025
Vistance Networks, Inc.
100
82.39
54.85
21.04
38.88
135.30
S&P 500 Index
100
128.71
105.40
133.10
166.40
196.16
S&P 1500 Communications
Equipment Index
100
121.33
73.21
112.95
157.66
210.09
ITEM 6. RESERVED
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