Magyar Bancorp, Inc.
For the period ended Jun 30, 2025. Filed Aug 13, 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.
Jun 30, 2025 · Filed Aug 13, 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 |
| a.) | Not applicable. |
| b.) | Not applicable. |
| c.) | On December 8, 2022, the Company announced its fourth stock repurchase program of up to 5% of its outstanding shares of common stock, or 337,146 shares. The Company completed the repurchase of all 337,146 shares at an average price of $12.23 on April 17, 2025. |
On May 22, 2025 the Company announced the authorization of its fifth stock repurchase program pursuant to which the Company intends to repurchase up to an additional 5% of its outstanding shares, or up to 323,547 shares. The Company’s intended use of the repurchased shares is for general corporate purposes. The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company’s liquidity requirements and alternative uses of capital. The Company repurchased 60,410 shares of its common stock during the nine months ended June 30, 2025. Through June 30, 2025, the Company held 646,877 shares in treasury that were repurchased at an average price of $12.69.
The following table reports information regarding repurchases of our common stock during the current quarter ended June 30, 2025.
| Total Number of · Remaining Number | ||||
|---|---|---|---|---|
| Total Number | Average | Shares Repurchased | of Shares That May | |
| of Shares | Price Paid | as Part of Publicly | be Purchased Under | |
| Periods | Purchased | Per Share | Announced Programs | the Current Program |
| April 1, 2025 through April 30, 2025 | 2,924 | $13.97 | 337,146 | — |
| May 1, 2025 through May 31, 2025 | 20,000 | $15.42 | 20,000 | 303,547 |
| June 1, 2025 through June 30, 2025 | — | $— | 20,000 | 303,547 |
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