NEW PEOPLES BANKSHARES INC
For the period ended Mar 31, 2026. Filed May 13, 2026.
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Mar 31, 2026 · Filed May 13, 2026
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Item 1A. Risk Factors
| (a) | Sales of Unregistered Securities – None |
| (b) | Use of Proceeds – Not Applicable |
| (c) | Issuer Purchases of Securities |
Stock Repurchase Program
The Company has an approved one-year stock repurchase program that authorizes the repurchase of up to 500,000 of the Company’s common shares that was extended through March 31, 2027. Repurchases may be made through open market purchases or in privately negotiated transactions. Shares repurchased will be returned to the status of authorized and unissued shares of common stock. The actual means and timing of any purchases, number of shares and prices or range of prices will be determined by the Company.
Shares of the Company’s common stock were repurchased during the three months ended March 31, 2026, as detailed below. Under the terms of the stock repurchase program, the Company has the remaining authority to repurchase up to 133,431 shares of common stock.
| Period Beginning on First Day of Month Ended | 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 Plans or Programs |
|---|---|---|---|---|
| January 31, 2026 | 572 | $3.37 | 572 | 144,355 |
| February 28, 2026 | 3,910 | $3.56 | 3,910 | 140,445 |
| March 31, 2026 | 7,014 | $3.56 | 7,014 | 133,431 |
| Total | 11,496 | $3.55 | 11,496 |
| Item 3. | Defaults Upon Senior Securities |
None.
| Item 4. | Mine Safety Disclosures |
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