Company: NODK
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001174947-25-000721
Chunk: 62

Company: NI Holdings, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 lead to continuing uncertainty and volatility in U.S. and global financial and economic conditions and
commodity markets, declining consumer confidence, significant inflation, and diminished expectations for the economy. Such conditions
could have a material adverse impact on our business, results of operations and cash flows. We are unable to predict the ultimate result
and duration of any tariff actions by the U.S. government or countermeasures that may be taken by other nations.

42 

Item 2. - Unregistered Sales of Equity Securities
and Use of Proceeds

All dollar amounts included in Item 2 herein, except per share data,
are in thousands.

The Company has not sold any unregistered securities within the past
three years.

From time to 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 
     —  
     —