1 800 FLOWERS COM INC
For the period ended Mar 31, 2024. Filed May 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.
Mar 31, 2024 · Filed May 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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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 March 31, 2024, $22.8 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 nine months of fiscal 2024, which includes the period July 3, 2023 through March 31, 2024:
| Total · Dollar | |||||
|---|---|---|---|---|---|
| Number of · Value of | |||||
| Shares · Shares | |||||
| Purchased · that May | |||||
| as Part of · Yet Be | |||||
| Total · Average · Publicly · Purchased | |||||
| Number of · Price · Announced · Under the | |||||
| Shares · Paid Per · Plans or · Plans or | |||||
| Period · Purchased · Share (1) · Programs · 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 | |
| 01/01/24 – 01/28/24 | 180,000 | $10.38 | 180,000 | $25,305 | |
| 01/29/24 – 02/25/24 | 124,823 | $10.10 | 124,823 | $24,040 | |
| 02/26/24 – 03/31/24 | 120,000 | $10.42 | 120,000 | $22,787 | |
| Total | 948,284 | $9.65 | 948,284 | ||
| (1) | Average price per share excludes commissions and other transaction fees. |
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