CHOICEONE FINANCIAL SERVICES INC
For the period ended Mar 31, 2026. Filed May 11, 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 11, 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.
There were no unregistered sales of equity securities in the first quarter of 2026.
ChoiceOne’s common stock repurchase plan announced in April 2021 and amended in 2022 authorizes the repurchase of up to 375,388 shares, representing 5% of the total outstanding shares of common stock as of the date the repurchase plan was adopted. ChoiceOne repurchased 50,000 shares of stock for a net cost of $1.4 million during the first quarter of 2026 under the repurchase plan. The repurchase plan has 300,272 shares remaining to purchase as of March 31, 2026. There was no stated expiration date. The repurchase reflects our view that our capital position is healthy and the repurchase of shares is in the best interest of our shareholders.
The following table provides information regarding ChoiceOne's purchases of its common stock during the quarter ended March 31, 2026.
| Total Number · Maximum | ||||
|---|---|---|---|---|
| of Shares · Number of | ||||
| Total · Purchased as · Shares that | ||||
| Number | Average | Part of a | May Yet be | |
| of Shares | Price Paid | Publicly | Purchased | |
| Period | Purchased | per Share | Announced Plan | Under the Plan |
| Employee Transactions | — | $— | — | |
| Repurchase Plan | — | $— | — | 350,272 |
| Employee Transactions | — | $— | — | |
| Repurchase Plan | 30,000 | $29.36 | 30,000 | 320,272 |
| Employee Transactions | — | $— | — | |
| Repurchase Plan | 20,000 | $28.00 | 20,000 | 300,272 |
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