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Stockholders' Equity
9 Months Ended
Sep. 30, 2024
Stockholders' Equity  
Stockholders' Equity

Note 8 – Stockholders’ Equity

Common Stock

Stock options exercised for common stock, shares of common stock repurchased under the stock repurchase program, shares of common stock issued under the ESPP, and shares of common stock issued upon vesting of RSUs for the three and nine months ended September 30, 2024 and 2023 are summarized in the table below:

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2024

    

2023

2024

    

2023

Stock options exercised

832,122

58,065

4,423,019

2,084,695

Shares of common stock repurchased

(5,000,000)

Shares of common stock issued under the ESPP

187,614

129,928

Shares of common stock issued for vested RSUs

160,842

32,442

1,012,058

195,590

The table below presents the cash received or paid associated with common stock related activities for the three and nine months ended September 30, 2024 and 2023:

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2024

    

2023

    

2024

    

    

2023

Cash received from stock options exercised

$

35

$

11

$

232

$

194

Cash received from shares of common stock issued under the ESPP

238

214

Cash paid for shares of common stock repurchased

(8,274)

Stock Repurchase Program

On January 23, 2024, the Company announced that its Board approved a stock repurchase program authorizing the Company to purchase up to $50,000 of the Company’s outstanding common stock. Under the repurchase program, the Company may purchase shares of its common stock from time to time until the repurchase program expires on December 31, 2025.  

The Company did not purchase any shares in the three months ended September 30, 2024. The table below presents the number of shares repurchased and retired, the aggregate cost, and the average purchase price per share for the nine months ended September 30, 2024:

    

Shares

Aggregate cost

    

Avg. Price Paid Per Share

Repurchased and retired shares of common stock

5,000,000

$

8,355

$

1.64