Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 150

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 150
---
 other matters
are not considered to be material to our financial position.

17.       Common
and Preferred Stock

Common Stock

Changes in the number of common stock shares outstanding
were as follows:

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Shares outstanding, beginning of period 
     20,599,908  
     21,076,255  
     21,219,808 
  
    Treasury shares repurchased through stock repurchase authorization 
     —  
     (548,549) 
     (269,160)
  
    Issuance of treasury shares for vesting of restricted stock units 
     49,045  
     47,887  
     101,292 
  
    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