PERDOCEO EDUCATION Corp
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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Sep 30, 2024 · Filed Nov 12, 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
On February 20, 2024, the Board of Directors of the Company approved a new stock repurchase program which authorizes the Company to repurchase up to $50.0 million of the Company’s outstanding common stock. See Note 11 “Stock Repurchase Program” to our unaudited condensed consolidated financial statements for further information.
The following table sets forth information regarding purchases made by us of shares of our common stock on a monthly basis during the year to date ended September 30, 2024:
Issuer Purchases of Equity Securities
| Period · Total Numberof SharesPurchased (1) · Average PricePaid per Share · Total Numberof SharesPurchased asPart of PubliclyAnnounced Plansor Programs · MaximumApproximateDollar Value ofShares thatMay Yet BePurchasedUnder the Plansor Programs (2) | ||||||
|---|---|---|---|---|---|---|
| December 31, 2023 | $18,528,794 | |||||
| January 1, 2024—January 31, 2024 | - | $ | - | - | 18,528,794 | |
| February 1, 2024—February 29, 2024 | 220,000 | 17.63 | 220,000 | 14,646,422 | ||
| March 1, 2024—March 31, 2024 | 358,669 | 17.64 | 164,571 | 47,106,022 | ||
| April 1, 2024—April 30, 2024 | - | - | - | 47,106,022 | ||
| May 1, 2024—May 31, 2024 | - | - | - | 47,106,022 | ||
| June 1, 2024—June 30, 2024 | - | - | - | 47,106,022 | ||
| July 1, 2024—July 31, 2024 | - | - | - | 47,106,022 | ||
| August 1, 2024—August 31, 2024 | - | - | - | 47,106,022 | ||
| September 1, 2024—September 30, 2024 | - | - | - | 47,106,022 | ||
| Total | 578,669 | 384,571 | ||||
(1)
Includes 194,098 shares delivered back to the Company for payment of withholding taxes from employees for vesting restricted stock units pursuant to the terms of the Perdoceo Education Corporation Amended and Restated 2016 Incentive Compensation Plan.
(2)
On February 20, 2024, the Board of Directors of the Company approved a new stock repurchase program of up to $50.0 million which commenced on March 1, 2024 and expires on September 30, 2025.
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