STURM RUGER & CO INC
For the period ended Sep 28, 2024. Filed Oct 30, 2024.
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Sep 28, 2024 · Filed Oct 30, 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 |
Share repurchase activity during the nine months ended September 28, 2024 was as follows. These purchases were funded with cash on hand.
Issuer Purchases of Equity Securities
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program |
|---|---|---|---|---|
| January 1 to January 27 | 7,317 | $43.42 | 7,317 | |
| January 28 to February 24 | 20,307 | $42.93 | 20,307 | |
| February 25 to March 30 | 47,400 | $42.79 | 47,400 | |
| March 31 to April 27 | — | — | — | |
| April 28 to May 25 | 28,924 | $42.92 | 28,924 | |
| May 26 to June 29 | 373,969 | $42.27 | 373,969 | |
| June 30 to July 27 | 156,517 | $41.27 | 156,517 | |
| July 28 to August 24 | — | — | — | |
| August 25 to September 28 | 64,325 | $40.66 | 64,325 | |
| Total | 698,759 | $41.99 | 698,759 | $45,300,000 |
All of these purchases were made with cash held by the Company and no debt was incurred.
As of September 28, 2024, the Company was authorized by the Board of Directors to repurchase up to $100 million of the Company’s common stock under a share repurchase program announced on May 8, 2017, of which $54.7 million had been used and approximately $45.3 million remained authorized for share repurchases, in each case as of such date.
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