1 800 FLOWERS COM INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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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.
Dec 31, 2023 · Filed Feb 8, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
The Company has a stock repurchase plan through which purchases can be made from time to time in the open market and through privately negotiated transactions, subject to general market conditions. The repurchase program is financed utilizing available cash. On April 22, 2021, the Company’s Board of Directors authorized an increase to its stock repurchase plan of up to $40.0 million. In addition, on February 3, 2022, the Company’s Board of Directors authorized an increase to its stock repurchase plan of up to $40.0 million. As of December 31, 2023, $27.2 million remained authorized under the plan.
The following table sets forth, for the months indicated, the Company’s purchase of common stock during the first six months of fiscal 2024, which includes the period July 3, 2023 through December 31, 2023:
| Period · Total Number of Shares Purchased · Average Price Paid Per Share (1) · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs · Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs | |||||
|---|---|---|---|---|---|
| (in thousands, except average price paid per share) | |||||
| 07/03/23 – 07/30/23 | - | $ | - | - | $31,965 |
| 07/31/23 – 08/27/23 | - | $ | - | - | $31,965 |
| 08/28/23 – 10/01/23 | 10,483 | $7.08 | 10,483 | $31,890 | |
| 10/02/23 – 10/29/23 | - | $ | - | - | $31,890 |
| 10/30/23 – 11/26/23 | 272,978 | $8.56 | 272,978 | $29,549 | |
| 11/27/23 – 12/31/23 | 240,000 | $9.85 | 240,000 | $27,178 | |
| Total | 523,461 | $9.12 | 523,461 | ||
| (1) | Average price per share excludes commissions and other transaction fees. |
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