Company: PDEX
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0001079973-25-000164
Chunk: 32

Company: PRO DEX INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Item 2
Chunk 32
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 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Repurchases by the Company
of its common stock during the quarter ended December 31, 2024 were as follows:

    Period  
    Total
    Number of Shares Purchased  
    Average
    Price Paid per Share  
    Total
    Number of Shares Purchased as Part of Publicly Announced Plans or Programs  
    Maximum
    Number of Shares that May Yet Be Purchased Under the Plans or Programs 
  
     October 1, 2024 to  October 31, 2024  
     38,172  
    $31.23  
     38,172  
     313,882 
  
     November 1, 2024 to November 30, 2024  
     —  
     —  
     —  
     313,882 
  
     December 1, 2024 to December 31, 2024  
     —  
     —  
     —  
     313,882 

All
repurchases were made pursuant to the Company’s previously announced repurchase program. For information concerning the Company’s
repurchase program, please see the discussion under the caption “Share Repurchase Program” in Note 11 to the condensed
consolidated financial statements included elsewhere in this report.

24 

ITEM
5. OTHER INFORMATION

Insider
Trading Arrangements and Policies

On November 11, 2024, one of our
directors, Nicholas Swenson, adopted a “Rule 10b5-1 trading arrangement” as such term is defined in Item 408(a) of Regulations
S-K. This trading arrangement is intended to satisfy the Rule 10b5-1 affirmative defense. This trading arrangement commences on February
14, 2025, terminates on May 15, 2026, unless earlier terminated in accordance with its terms, and covers the disposition of up to 46,000
shares of our common stock. The remaining terms of the trading arrangement are confidential. No additional directors or officers informed
us of the adoption, modification or termination of a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,”
as those terms are defined in Item 408 of Regulation S-K.

ITEM
6. EXH