Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 82

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 from applicable excise taxes.

On August 25, 2025, our Board of Directors approved
an authorization for the repurchase of up to approximately $5,000 of the Company’s outstanding common stock in addition to the $900
remaining from the May 9, 2022, repurchase authorization as of September 30, 2025. No shares were repurchased as part of the August 25,
2025, authorization during the nine months ended September 30, 2025.

Share repurchase activity during the three months
ended September 30, 2025, is presented below:

    Period in 2025 
    Total Number of
 Shares
 Purchased  
    Average Price 
Paid 
Per Share (3)  
    Total Number of 
Shares Purchased 
as Part of Publicly 
Announced Plans 
or Programs (1)  
    Maximum Approximate
 Dollar Value of Shares
 That May Yet Be 
Purchased Under the 
Plans or Programs (2)
(in thousands) 
  
    July 1-31, 2025 
     38,021  
    $13.18  
     38,021  
    $1,551 
  
    August 1-31, 2025 
     28,091  
     12.88  
     28,091  
     6,189 
  
    September 1-30, 2025 
     21,087  
     13.63  
     21,087  
     5,900 
  
    Total 
     87,199  
    $13.19  
     87,199  
    $5,900 

(1)Shares purchased pursuant to the May 9, 2022, publicly announced share repurchase authorization of up to approximately $10,000 of
the Company’s outstanding common stock.

(2)Maximum dollar value of shares that may yet be purchased consist of up to approximately $900 under the May 9, 2022, publicly announced
share repurchase authorization and up to approximately $5,000 under the August 25, 2025, publicly announced share repurchase authorization.

(3)The Inflation Reduction Act of 2022 imposed a 1% excise tax on the net value of certain share repurchases made after December 31,
2022. All dollar amounts presented exclude such excise taxes, as applicable