Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 807

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1C
Chunk 807
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    Issuance of shares related to employee stock ownership plan 
     24,315  
     24,315  
     24,315 
  
    Shares outstanding, end of period 
     20,673,268  
     20,599,908  
     21,076,255 

The changes in the number of common shares outstanding
excludes certain non-forfeitable stock award shares that are included in the weighted average common shares outstanding used in basic
earnings per common share calculations. The net loss per diluted common share for the year ended December 31, 2024, excluded the weighted
average effects of 120,626 shares of stock awards since the impacts of these potential shares of common stock were anti-dilutive. The
net loss per diluted common share for the year ended December 31, 2023, excluded the weighted average effects of 76,532 shares of stock
awards since the impacts of these potential shares of common stock were anti-dilutive. The net loss per diluted common share for the year
ended December 31, 2022, excluded the weighted average effects of 155,463 shares of stock awards since the impacts of these potential
shares of common stock were anti-dilutive.

On August 11, 2021, our Board of Directors approved
an authorization for the repurchase of up to approximately $5,000 of the Company’s outstanding common stock. During the year ended
December 31, 2021, we completed the repurchase of 81,095 shares of our common stock for $1,554 under this authorization. During the year
ended December 31, 2022, we completed the repurchase of 214,937 shares of our common stock for $3,446 to close out this authorization.

On May 9, 2022, our Board of Directors approved
an authorization for the repurchase of up to approximately $10,000 of the Company’s outstanding common stock. During the year ended
December 31, 2023, we completed the repurchase of 54,223 shares of our common stock for $734 under this authorization. During the year
ended December 31, 2023, we completed the repurchase of 548,549 shares of our common stock for $7,278, including the applicable excise
tax discussed below. During the year ended 

90 

December 31, 2024, we did not