Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 140

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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 time, the Company may repurchase its own stock. To date,
the Company has used the net proceeds from the IPO to fund these share repurchases.

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, 2022,
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 repurchased an additional 548,549 shares of our common stock for $7,278, including the effect from applicable excise taxes. During
the year ended December 31, 2024, or the three months ended March 31, 2025, we did not repurchase any shares of our common stock. At March
31, 2025, $2,052 remains available under this authorization.

Share repurchase activity during the three months ended March 31, 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) 
  
    January 1 – 31, 2025 
     —  
    $—  
     —  
    $2,052 
  
    February 1 – 28, 2025 
     —  
     —  
     —  
     2,052 
  
    March 1 – 31, 2025 
     —  
     —  
     —  
     2,052 
  
    Total 
     —  
    $—  
     —  
    $2,052 

(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 $2,052 under the May 9, 2022, publicly announced
share