Great Elm Group, Inc.
For the period ended Mar 31, 2025. Filed May 7, 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.
Mar 31, 2025 · Filed May 7, 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 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. This stock buyback program expired on February 7, 2025.
In February 2025, 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 1,800,000 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 March 31, 2025 unless extended or terminated by our Board.
The following table summarizes common stock repurchases during the three months ended March 31, 2025:
| 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 |
|---|---|---|---|---|
| January 1-31, 2025 | 58,043 | $1.80 | 58,043 | 716,892 |
| February 1-28, 2025 | 288,006 | $1.88 | 28,073 | - |
| March 1-31, 2025 | 233,440 | $1.85 | 1,724 | 1,798,276 |
| Total | 579,489 | $1.87 | 87,840 |
(1)All shares were purchased in open market transactions.
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