Drilling Tools International Corp
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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, 2026 · Filed May 8, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
On May 13, 2025, the Company announced a share repurchase program allowing the Company to purchase common stock held by non-affiliates, not to exceed $10.0 million in aggregate value. We remain authorized to purchase $8.0 million in aggregate value of common shares under this repurchase program. The share repurchase program is authorized by the Board through December 31, 2026.
Shares repurchased during the three months ended March 31, 2026 were as follows:
| Three Months Ended March 31, 2026 | Total number of shares of Common Stock Purchases | Average price paid per share of Common Stock | Aggregate purchase price of Common Stock repurchases | Remaining aggregate value authorized for repurchase |
|---|---|---|---|---|
| January 1, 2026 - January 31, 2026 | 97,500 | 3.12 | 304,395 | 8,430,577 |
| February 1, 2026 - February 28, 2026 | 44,300 | 3.74 | 165,670 | 8,264,907 |
| March 1, 2026 - March 31, 2026 | 65,000 | 3.63 | 235,986 | 8,028,921 |
| Total | 206,800 | $3.41 | $706,050 | $8,028,921 |
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