ARKO Corp
For the period ended Mar 31, 2025. Filed May 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.
Mar 31, 2025 · Filed May 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
The following table presents our share repurchase activity for the quarter ended March 31, 2025 (dollars in thousands, except per share amounts):
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (3) | Maximum Dollar Value that May Yet Be Purchased Under the Plans or Programs (3) |
|---|---|---|---|---|
| January 1, 2025 to January 31, 2025 | — | — | — | $25,655 |
| February 1, 2025 to February 28, 2025 (1) | 252,344 | 4.51 | 10,900 | 25,605 |
| March 1, 2025 to March 31, 2025 (2) | 1,523,243 | 4.08 | 1,279,979 | 20,484 |
| Total | 1,775,587 | $4.14 | 1,290,879 | $20,484 |
(1)
In addition to the shares of common stock we purchased under our publicly announced $125 million share repurchase program, we repurchased 241 thousand shares of our common stock at an aggregate cost of $1.1 million, or an average purchase price of $4.51 per share, in connection with the net settlement of shares issued as a result of the vesting of performance based restricted stock units.
(2)
In addition to the shares of common stock we purchased under our publicly announced $125 million share repurchase program, we repurchased 243 thousand shares of our common stock at an aggregate cost of $1.1 million, or an average purchase price of $4.51 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock units.
(3)
Except as noted in footnotes 1 and 2 above with respect to shares repurchased in connection with the vesting of restricted stock units, all of the above repurchases were made on the open market at prevailing market prices plus related expenses under our share repurchase program, which authorizes the repurchase of up to $125 million of our common stock. We publicly announced this program on February 23, 2022 and announced the increased amount authorized to be repurchased in May 2023 and May 2024.
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