Lifevantage Corp
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table provides information with respect to all purchases of our common stock made by or on behalf of the Company or any “affiliated purchaser,” as defined in Rule 10b-18 under the Exchange Act, during the three months ended
March 31, 2024. All purchases listed below were made in the open market at prevailing market prices.
| Period · Total Number of Shares Purchased · Average Price Paid Per Share · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1) · Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1) | |||||
|---|---|---|---|---|---|
| January 1 - January 31 | 69,178 | $5.84 | 69,178 | $23,776,731 | |
| February 1 - February 29 | 125,763 | $6.72 | 125,763 | $22,931,443 | |
| March 1 - March 31 | 96,968 | $6.99 | 96,968 | $22,253,206 | |
| Total | 291,909 | 291,909 | |||
- On November 27, 2017, our Board of Directors approved a stock repurchase program, as amended on February 1, 2019, August 27, 2020, February 17, 2022, and June 12, 2023. Under the program, we are authorized to repurchase up to $60.0 million of our outstanding shares through December 31, 2026. The repurchase program permits us to purchase shares from time to time through a variety of methods, including in the open market, through privately negotiated transactions or other means as determined by our management, in accordance with applicable securities laws. As part of the repurchase program, we have authorized a pre-arranged stock repurchase plan which operates in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Accordingly, any transactions under such stock repurchase plan will be completed in accordance with the terms of the plan, including specified price, volume and timing conditions. The authorization may be suspended or discontinued at any time.
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