Great Elm Group, Inc.
For the period ended Dec 31, 2024. Filed Feb 5, 2025.
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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.
Dec 31, 2024 · Filed Feb 5, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
In May 2024, the Company implemented a stock buyback program pursuant to Rule 10b5-1 and Rule 10b-18 under the Exchange Act authorizing us to repurchase up to 3,250,000 shares of our common stock in open market transactions through the close of business on the second full trading day following the filing with the SEC of the Company's Form 10-Q for the fiscal quarter ending September 30, 2024. This stock buyback program expired on November 14, 2024.
In November 2024, the Company implemented a stock buyback program pursuant to Rule 10b5-1 and Rule 10b-18 under the Exchange Act authorizing us to repurchase up to 2,300,000 shares of our common stock in open market transactions through the close of business on the second full trading day following the filing with the SEC of the Company's Form 10-Q for the fiscal quarter ending December 31, 2024 unless extended or terminated by our Board.
The following table summarizes common stock repurchases during the three months ended December 31, 2024:
| Month | Total Number of Shares Purchased(1) | Average Price Paid Per Share | Total Number of Shares Purchased as Part of 10b5-1 Plans | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| October 1-31, 2024 | 161,722 | $1.81 | 161,722 | 1,890,790 |
| November 1-30, 2024 | 1,149,628 | $1.79 | 1,149,628 | 1,195,480 |
| December 1-31, 2024 | 420,545 | $1.78 | 420,545 | 774,935 |
| Total | 1,731,895 | $1.79 | 1,731,895 |
(1)No shares were purchased other than through a publicly announced plan or program. All shares were purchased
in open market transactions.
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