Silvercrest Asset Management Group Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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Sep 30, 2024 · Filed Oct 31, 2024
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Unregistered Sale of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) Recent Sales of Unregistered Securities
(b) Use of Proceeds
(c) Issuer Purchases of Equity Securities
The following table presents information with respect to purchases of our Class A common stock made during the quarter ended September 30, 2024.
| 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 Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased under the Plan or Program |
|---|---|---|---|---|
| July 1 - July 31, 2024 | — | $— | — | $— |
| August 1 - August 31, 2024 | 22,077 | $15.96 | 22,077 | $11,647,420 |
| September 1 - September 30, 2024 | 60,600 | $16.35 | 60,600 | $10,649,272 |
| Total | 82,677 | $16.26 | 82,677 |
(1)
On August 16, 2024, the Company announced that its Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $12,000,000 of the Company’s outstanding Class A common stock (the “2024 Repurchase Program”). Repurchases under the 2024 Repurchase Program may be made using either cash on hand, borrowings under the Company’s existing credit facilities or other sources, or (a) through one or more Trading plans, (b) pursuant to ASR Programs or (c) through repurchases to be made outside of the Trading Plans or ASR Programs but in compliance with all applicable requirements under the Exchange Act, including the safe harbor provided by Exchange Act Rule 10b-18, and consummated during an open trading window under the Company’s insider trading policy. The program has no scheduled expiration date, may be amended, suspended, or discontinued at any time and does not commit the Company to repurchase any shares of Class A common stock.
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