Astrana Health Inc
For the period ended Jun 30, 2024. Filed Aug 9, 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.
Jun 30, 2024 · Filed Aug 9, 2024
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Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In December 2022, Astrana’s Board of Directors approved a share repurchase plan authorizing the Company to repurchase up to $50.0 million of its shares of common stock on the open market and through privately negotiated transactions. This share repurchase plan does not have an expiration date. The Board may suspend or discontinue the repurchase program at any time. This repurchase program does not obligate the Company to make additional repurchases at any specific time or in any specific situation. During the three months ended June 30, 2024, no shares were repurchased under the Company’s share repurchase plan. As of June 30, 2024, $40.5 million remained available for repurchase under the repurchase plan.
The following table provides information about purchases made by the Company of shares of the Company's common stock during the three months ended June 30, 2024.
| (in thousands) | ||||
|---|---|---|---|---|
| Period | Total Numberof SharesPurchased(1) | Average PricePaid perShare | Total Number ofSharesPurchased asPart of PubliclyAnnounced Plansor Programs | Approximate DollarValue of Shares thatMay Yet bePurchased Under thePlans or Programs |
| April 1, 2024 to April 30, 2024 | 15,115 | $39.01 | — | $40,461 |
| May 1, 2024 to May 31, 2024 | 12,391 | $40.13 | — | $40,461 |
| June 1, 2024 to June 30, 2024 | 779 | $40.35 | — | $40,461 |
| Total | 28,285 | $39.54 | — | $40,461 |
(1)
Shares were repurchased to satisfy tax withholding obligations due upon the vesting of restricted stock held by certain employees. We did not pay cash to repurchase these shares, nor were these repurchases part of a publicly announced plan or program.
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