CRAWFORD & CO

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The Company's share repurchase authorization, approved on November 4, 2021 by the Company's Board of Directors, provided the Company with the ability to repurchase up to 2,000,000 shares of CRD-A or CRD-B (or a combination of the two) through December 31, 2023 (the "2021 Repurchase Authorization"). On February 10, 2022, the Company’s Board of Directors added 5,000,000 shares to this authorization. On October 30, 2025, the Company's Board of Directors added 2,000,000 shares to this authorization and amended this authorization to allow for repurchases through December 31, 2027. Under the 2021 Repurchase Authorization, repurchases may be made for cash, in the open market or privately negotiated transactions at such times and for such prices as management deems appropriate, subject to applicable contractual and regulatory restrictions.

On August 10, 2026, the Company entered into a Stock Purchase and Sale Agreement pursuant to which the Company purchased 1,000,000 shares of the Company's Class A Common Stock. As the Company's Board of Directors separately authorized this repurchase, the authorized shares remaining under the 2021 Repurchase Authorization were not impacted. As of September 30, 2026 the Company was authorized to repurchase 1,197,469 shares under the 2021 Repurchase Authorization.