SECURITY FEDERAL CORP

For the period ended Sep 30, 2024. Filed Nov 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.

Sep 30, 2024 · Filed Nov 8, 2024

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Contents

Unregistered Sales of Equity Securities and Use of Proceeds

(a) Not applicable

(b) Not applicable

Period · Total Number of Shares Purchased · Average Price Paid Per Share · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs · Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs (1)
July 1, 2024 - July 31, 2024	-	$	-	-	37,776
August 1, 2024 - August 31, 2024	2,500		$24.00	2,500	135,276
September 1, 2024 - September 30, 2024	-	$	-	-	135,276
Total	2,500			2,500

On June 23, 2023, the Company announced that its Board of Directors approved a share repurchase program for the purchase of up to three percent, or approximately 97,612 shares, of the Company’s outstanding common stock as of that date. The June 2023 repurchase program does not have a set expiration date and will expire upon repurchase of the full amount of authorized shares. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate.

(1)

On August 19, 2024 the Company's Board of Directors announced an additional 100,000 shares available to be purchased under the program.

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