Common Stock |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Common Stock | |
| Common Stock | Note 13 Common Stock The Company had 44,537,718 and 37,772,516 shares of common stock outstanding at June 30, 2026 and December 31, 2025, respectively, inclusive of 7,305,975 shares of common stock added to the Company’s total outstanding shares upon the closing of the Vista acquisition. Additionally, the Company had 817,444 and 303,156 shares outstanding at June 30, 2026 and December 31, 2025, respectively, of restricted common stock issued but not yet vested and are not included in shares outstanding until such time that they are vested. Of the 817,444 shares of restricted common stock issued but not yet vested at June 30, 2026, 715,548 shares were under the Omnibus Plan, 79,498 shares were under the Vista Equity Plan, and 22,398 shares were under the Inducement Plan. All shares of restricted common stock issued but not vested at December 31, 2025 were under the Omnibus Plan. All restricted shares under each plan have voting rights, however, restricted shares under the Omnibus Plan and Inducement Plan also have certain dividend rights. On January 27, 2026, the Company’s Board of Directors authorized a program to repurchase up to $100.0 million of the Company’s common stock from time to time in the open market or in privately negotiated transactions in accordance with applicable regulations of the SEC. The timing and amount of any share repurchases will be determined by the Company’s management based on market conditions and other factors. The new program replaces in its entirety the stock repurchase program that was authorized by the Board of Directors and announced on May 9, 2023. No time limit has been set for completion of the program. During the three months ended June 30, 2026, the Company repurchased 268,471 shares of common stock for $11.1 million. During the six months ended June 30, 2026, the Company repurchased 670,340 shares of common stock for $27.2 million. The remaining authorization under the current program as of June 30, 2026 was $72.8 million.
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