ECB Bancorp Inc MD
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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Jun 30, 2024 · Filed Aug 9, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unreg istered Sales of Equity Securities and Use of Proceeds
There were no sales of unregistered securities during the period covered by this Report.
On August 10, 2023, the Company announced the commencement of a stock repurchase program to acquire up to 458,762 shares, or 5% of the Company’s then outstanding common stock. Repurchases will be made from time to time depending on market conditions and other factors, and will be conducted through open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. There is no guarantee as to the exact number of shares to be repurchased by the Company. The following table sets forth the information regarding the Company's common stock repurchase activities during the three months ended June 30, 2024:
| Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Maximum Number of Shares That May Yet Be Purchased Under the Program | |
|---|---|---|---|---|
| From April 1, 2024 to April 30, 2024 | 10,235 | $12.83 | 10,235 | 210,901 |
| From May 1, 2024 to May 31, 2024 | 24,181 | $11.72 | 24,181 | 186,720 |
| From June 1, 2024 to June 30, 2024 | 8,943 | $12.47 | 8,943 | 177,777 |
| Total | 43,359 | $12.18 | 43,359 |
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