ECB Bancorp, Inc. /MD/
For the period ended Jun 30, 2025. Filed Aug 8, 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 Aug 8, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
There were no sales of unregistered securities during the period covered by this Report.
On August 10, 2023, the Company announced the commencement of a stock repurchase program to acquire up to 458,762 shares, or 5% of the Company’s then outstanding common stock. On April 11, 2025, the Company completed the stock repurchase plan. On May 8, 2025, the Company announced an additional stock repurchase plan that authorizes the Company to repurchase up to 451,092 shares, or approximately 5%, of the Company's then outstanding common stock. Repurchases will be made from time to time depending on market conditions and other factors, and will be conducted through open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. There is no guarantee as to the exact number of shares to be repurchased by the Company. The following table sets forth the information regarding the Company's common stock repurchase activities during the three months ended June 30, 2025:
| Total Number of · Maximum Number | ||||
|---|---|---|---|---|
| Shares Purchased · of Shares That May | ||||
| Total Number of | Average Price | as Part of Publicly | Yet Be Purchased | |
| Shares Purchased | Paid Per Share | Announced Programs | Under the Programs | |
| From April 1, 2025 to April 30, 2025 | 22,109 | $15.07 | 22,109 | — |
| From May 1, 2025 to May 31, 2025 | 14,397 | $16.27 | 14,397 | 436,695 |
| From June 1, 2025 to June 30, 2025 | 56,995 | $15.60 | 56,995 | 379,700 |
| Total | 93,501 | $15.57 | 93,501 | |
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