Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities.
The table below summarizes Versant’s common stock repurchases during the three months ended March 31, 2026.
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (a)
January 1-31, 2026 — $ — — $ —
February 1-28, 2026 — — — —
March 1-31, 2026 2,694,125 37.12 2,694,125 900,000,037
Total 2,694,125 $ 37.12 2,694,125 $ 900,000,037
(a) On March 3, 2026, the Company announced the 2026 Share Repurchase Program under which the Company is authorized to purchase up to $1 billion of its outstanding shares of Class A common stock, which has no expiration date. The 2026 Share Repurchase Program does not obligate the Company to acquire any particular number of shares, and the program may be suspended, extended, modified, or discontinued at any time. In May 2026, the Company announced that we expect to enter into a $100 million accelerated share repurchase agreement commencing on May 15, 2026, to repurchase $100 million of Class A common shares under our 2026 Share Repurchase Program. We anticipate completing the transaction during the second quarter of 2026.
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