Vera Bradley Inc
For the period ended May 4, 2024. Filed Jun 12, 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.
May 4, 2024 · Filed Jun 12, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In December 2021, the Company's board of directors approved a new share repurchase plan (the “2021 Share Repurchase Program”) which authorized Company management to utilize up to $50.0 million of available cash for repurchases of shares of the Company's common stock. The 2021 Share Repurchase Program was effective beginning December 13, 2021 and expires in December 2024.
Details regarding the activity under the program during the thirteen weeks ended May 4, 2024 are as follows:
| 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 Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Program |
|---|---|---|---|---|
| February 4, 2024 - March 2, 2024 | 7,000 | $7.62 | 7,000 | $25,484,966 |
| March 3, 2024 - April 6, 2024 | 305,650 | 6.60 | 305,650 | 23,466,917 |
| April 7, 2024 - May 4, 2024 | 646,536 | 6.61 | 646,536 | 19,190,476 |
| 959,186 | $6.62 | 959,186 |
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