NETGEAR INC
For the period ended Sep 29, 2024. Filed Nov 1, 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.
Sep 29, 2024 · Filed Nov 1, 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
(c) Repurchase of Equity Securities by the Company
| Period | Total Number of Shares Purchased (2) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (In millions) |
|---|---|---|---|---|
| July 1, 2024 - July 28, 2024 | — | $— | — | 3.9 |
| July 29, 2024 - August 25, 2024 | 110,768 | $15.02 | 98,784 | 3.8 |
| August 26, 2024 - September 29, 2024 | 12,993 | $19.62 | — | 3.8 |
| Total | 123,761 | $15.50 | 98,784 |
(1)
From time to time, our Board of Directors has authorized programs under which we may repurchase shares of our common stock, depending on market conditions, in the open market or through privately negotiated transactions. On July 16, 2024, the Board of Directors authorized management to repurchase up to 3.0 million shares of our outstanding common stock, incremental to the remaining shares under our previous repurchase program.
(2)
During the three months ended September 29, 2024, we repurchased and retired, as reported on trade date, approximately 25,000 shares of common stock at a cost of approximately $0.4 million to facilitate tax withholding for Restricted Stock Units.
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