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
Class
B Common Stock
Our Class B common stock is quoted on the NYSE American stock exchange
under the trading symbol ZDGE. Trading commenced on the NYSE American on June 1, 2016. On October 27, 2025, the last sales price reported
on the NYSE American for our Class B common stock was $3.79 per share.
On October 27, 2025, there were 257 holders of record of our Class
B common stock and 1 holder of record of our Class A common stock. As of October 27, 2025, all shares of Class A common stock are beneficially
owned by Michael Jonas. The number of holders of record of our Class B common stock does not include the number of persons whose shares
are in nominee or in “street name” accounts through brokers.
The
information required by Item 201(d) of Regulation S-K will be contained in our Proxy Statement for our Annual Stockholders Meeting, which
we will file with the Securities and Exchange Commission within 120 days after July 31, 2025 and which is incorporated by reference herein.
Recent
Sales of Unregistered Securities
None.
Performance
Graph of Stock
We
are a smaller reporting company as defined by Rule 12b-2 of the Securities and Exchange Act of 1934 and are not required to provide the
information under this item.
Issuer
Repurchases of Equity Securities
In October 2021, our board of directors authorized a repurchase program
of up to 1.5 million shares of our Class B common stock at a maximum aggregate purchase price of $3 million (“2021 Share Repurchase
Plan”) which was completed on August 28, 2024. On September 9, 2024, our Board approved a $5 million share buyback program (the
“2024 Share Repurchase Plan”). Repurchases under the 2021 Share Repurchase Plan were, and under the 2024 Share Repurchase
Plan are to be, made from time to time through open market purchases or through privately negotiated transactions, subject to market conditions,
applicable legal requirements and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements
of Rule 10b-18. We may also, from time to time, enter into Rule 10b5-1 trading plans to facilitate repurchases of our shares under the
2024 Repurchase Plan. The 2024 Repurchase Plan does not obligate us to acquire any particular amount of our Class B common stock, has
no expiration date and may be modified, suspended, or terminated at any time at our discretion.
49
The
following table summarizes the share repurchase activity for the fourth quarter of fiscal 2025:
Period
Total
Number of
Shares
Purchased
Average
Price Paid
Per Share (1)
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Programs
Approximate
Dollar Value
of Shares
that May Yet
Be Purchased
Under the
Program
(in thousands)
(in thousands)
(in thousands)
May 1, 2025 to May 31, 2025
62
$ 2.40
62
$ 3,631
June 1, 2025 to June 30, 2025
394
$ 3.72
394
$ 2,165
July 1, 2025-July 31, 2025
184
$ 4.27
184
$ 1,378
Total
640
640
(1)
The average price paid per
share includes any broker commissions.
Item
6. [Reserved].
Not
applicable.