UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
On February 25, 2025, our Board of Directors approved a share repurchase program (the "Share Repurchase Program") that authorizes repurchases of up to an aggregate of $100 million of shares of common stock of the Company with no specified expiration date. The remaining maximum dollar value of shares that may yet be purchased under the Share Repurchase Program is approximately $76.6 million as of June 30, 2026.
We may repurchase shares from time to time in open market transactions, privately negotiated transactions, pursuant to accelerated share repurchase programs or otherwise in accordance with applicable federal securities laws. The timing and amount of the repurchases will be determined by management based on its evaluation of market conditions, share price, and other factors.
Three Months Ended June 30, 2026 | ||||||||||||||||
Total Number of Shares Purchased (1) | Average Price paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Publicly Announced Plans or Programs (3) | |||||||||||||
April 1 - 30, 2026 | 15,627 | $ | 24.79 | - | $ | 76.58 | ||||||||||
May 1 - 31, 2026 | - | - | - | 76.58 | ||||||||||||
June 1 - 30, 2026 | - | - | - | 76.58 | ||||||||||||
15,627 | $ | 24.79 | - | |||||||||||||
(1) Includes the following transaction during the three months ended June 30, 2026: the surrender of 15,627 shares of common stock to the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees
(2) The difference between the total number of shares purchased and the total number of shares purchased as part of publicly announced plans or programs represents shares deemed surrendered to the Company to satisfy certain employee elections under our compensation and benefit programs. For the three months ended June 30, 2026, there were 15,627 shares withheld by the Company.
(3) Includes approximate dollar value of shares that were available to be purchased under the publicly announced plans or programs that were in effect as of June 30, 2026.
The Share Repurchase Program may be suspended or discontinued at any time.
During the period covered by this Quarterly Report, we did not sell any shares of common stock that were not registered under the Securities Act.