Subsequent Events

9 Months Ended

Sep. 30, 2024

NOTE 13. SUBSEQUENT EVENTS

In connection with the preparation of the accompanying consolidated financial statements, the Company has evaluated events and transactions occurring after September 30, 2024 and through November 6, 2024, the date these financial statements were issued, for potential recognition or disclosure and has determined that there are no additional items to disclose except as disclosed below.

In October 2024, 1,998 shares of the Company's Class A Common Stock were issued to certain employees related to vested RSUs and exercised options.

In October and November 2024, the Company repurchased and retired 2,400 shares of our Class A common stock under the stock repurchase program at an average price of $1.72 per share for a total of $4,130. The following table summarizes the share repurchase activity for October and November 2024.


Period	Total Number of Shares Purchased (1)		Average Price Paid Per Share (2)		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
	(in thousands, except per share amounts)
October 1 - October 31, 2024		2,300	$	1.72		2,300	$	22,728
November 1, 2024		100	$	1.75		100	$	22,554
Total		2,400				2,400

(1) In March 2024, our Board authorized the repurchase of up to $50,000 of our Class A common stock. Repurchases under the program can be made through open market transactions, privately negotiated transactions and other means in compliance with applicable federal securities laws, including through Rule 10b5-1 plans. We have discretion in determining the conditions under which shares may be repurchased from time to time. The repurchase program does not have an expiration date and may be suspended at any time at our discretion. Refer to Note 7 — Convertible Preferred Stock and Equity in Part I, Item 1, of this Report for additional information related to share repurchases.

(2) Average price paid per share includes costs associated with the repurchases.