LAKELAND INDUSTRIES INC
For the period ended Oct 31, 2025. Filed Dec 9, 2025.
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Oct 31, 2025 · Filed Dec 9, 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
Recent Sales of Unregistered Securities
On September 15, 2025, we issued 227,728 shares of our common stock to the stockholders of California PPE as partial consideration for the acquisition of California PPE. These shares were sold in reliance upon Section 4(a)(2) of the Securities Act of 1933, as amended, as a transaction by an issuer not involving a public offering. The foregoing issuance did not involve any underwriters or any underwriting discounts or commissions.
Issuer Purchases of Equity Securities
On April 7, 2022, the Board of Directors authorized a stock repurchase program under which the Company may repurchase up to $5.0 million of its outstanding common stock (the “Share Repurchase Program”). The Share Repurchase Program became effective upon the completion of a prior Share Repurchase Program. The Share Repurchase Program has no expiration date; however, it may be terminated by the Board of Directors at any time. On December 1, 2022, the Board of Directors authorized an increase in the Share Repurchase Program under which the Company may repurchase up to an additional $5.0 million of its outstanding common stock.
The common shares available for repurchase under the authorizations currently in effect may be purchased from time to time, with consideration given to the market price of the common shares, the nature of other investment opportunities, cash flows from operations, general economic conditions and other relevant considerations. Repurchases may be made on the open market or through privately negotiated transactions.
The following table sets forth purchases made by or on behalf of the Company or any “affiliated purchaser,” as defined in Rule 10b-18(a)(3) of the Exchange Act, of shares of the Company’s common stock during the third quarter of fiscal 2026:
| Period | Total Numberof SharesPurchased (1) | AveragePrice Paidper Share | Total Numberof SharesPurchasedas Part ofPubliclyAnnouncedPrograms | Maximum DollarAmountof Sharesthat May YetBe PurchasedUnder thePrograms (2) |
|---|---|---|---|---|
| August 1 – August 31 | 1,755 | $— | — | $5,030,479 |
| September 1 – September 30 | — | $— | — | $5,030,479 |
| October 1 – October 31 | 3,283 | $— | — | $5,030,479 |
| Total | 5,038 | $— | — | $5,030,479 |
(1)
Represents withholding of 5,038 restricted shares to cover taxes on vested restricted shares during the third quarter of FY26.
(2)
Represents the amount remaining under our share repurchase program as of October 31, 2025.
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