INDEPENDENCE REALTY TRUST, INC.
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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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.
Jun 30, 2025 · Filed Jul 31, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
During the three and six months ended June 30, 2025, no holders of IROP units exchanged units for shares of our common stock. The issuance of shares upon exchange of units is exempt from registration under the Securities Act, pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act. As of June 30, 2025, 5,941,643 IROP units held by unaffiliated third parties remained outstanding.
During the three months ended June 30, 2025, we withheld shares of common stock to satisfy employee tax withholding obligations payable upon the vesting of restricted common stock awards as follow:
| 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 | Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) (2) |
|---|---|---|---|---|
| April 1 - 30, 2025 | 4,595 | $21.36 | — | $250,000 |
| May 1 - 31, 2025 | — | — | — | 250,000 |
| June 1 - 30, 2025 | — | — | — | 250,000 |
| Total | 4,595 | $21.36 | — |
| (1) | The price reported is the average price paid per share using our closing price on the NYSE on the vesting date of the relevant award. |
| (2) | On May 18, 2022, our Board of Directors approved the Stock Repurchase Program covering up to $250 million in shares of our common stock. Under the Stock Repurchase Program, we, in our discretion, may purchase our shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors, including the price and availability of our shares, trading volumes and general market conditions. The Stock Repurchase Program has no time limit and may be suspended or discontinued at any time. |
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