SR Bancorp Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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 30, 2024 · Filed Nov 14, 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 Company did not have any unregistered sales of equity securities during the three months ended September 30, 2024. The table below summarizes the number of shares of the Company’s common stock that were repurchased during the three months ended September 30, 2024.
| TotalNumberof SharesPurchased(1) · AveragePrice Paidper Share · TotalSharesPurchasedas Part ofPubliclyAnnouncedProgram(1) · MaximumNumber ofShares thatMay Yet BePurchasedUnder theProgram(1) | |||||
|---|---|---|---|---|---|
| July 1 - July 31, 2024 | $— | $— | $— | ||
| August 1 - August 31, 2024 | — | — | — | ||
| September 1 - September 30, 2024 | 66,288 | 11.11 | 66,288 | 884,505 | |
| Three months ended September 30, 2024 | 66,288 | $11.11 | 66,288 | ||
(1)
On September 20, 2024, the Company announced it has adopted a program to repurchase up to 950,793 shares of its common stock, which is approximately 10% of its outstanding common stock. Shares may be repurchased in open market or private transactions, through block trades or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be made in accordance with Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period. The program will expire on September 19, 2025.
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