Company: DMRC
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034816
Chunk: 57

Company: Digimarc CORP
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 our 2024 Annual Report, you should carefully consider the additional risk factor below.

Actions of activist shareholders and securities litigation can be costly and time-consuming, divert management’s attention and resources, and continue to have an adverse effect on our business.

While we value open dialogue and input from our shareholders, activist shareholders have in the past and could in the future take actions that could be costly and time-consuming for us, disrupt our operations, and divert the attention of our board of directors, management, and employees. Such actions include public proposals and requests for potential nominations of candidates for election to our board of directors, requests to pursue a strategic combination or other transaction, or other special requests. As a result, we have retained, and may in the future retain, additional services of various professionals to advise us in these matters, including legal, financial and communications advisers, the costs of which have negatively impacted our quarterly financial results, and may negatively impact our financial results in the future. In addition, perceived uncertainties as to our future direction, strategy, or leadership created as a consequence of activist shareholder initiatives can result in the loss of potential business opportunities, harm our ability to attract new or retain existing investors, customers, directors, employees or other partners, and cause our stock price to experience periods of volatility or otherwise be adversely affected. We are the subject of securities litigation, and volatility in our stock price may in the future cause us to become the target of additional securities litigation, which could result in substantial costs and divert management’s attention and the attention and resources of our board of directors from our business.

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

(c) Purchases of Equity Securities by the Issuer and Affiliated Purchases

We repurchase shares of common stock in satisfaction of required withholding of income tax liability in connection with the vesting of restricted stock, restricted stock units and performance restricted stock units.

The following table sets forth information regarding purchases of our equity securities during the three months ended September 30, 2025:

      (d) 

      (c) 

      Approximate 

      Total number 

      dollar value 

      of shares 

      of shares that 

      (a) 

      (b) 

      purchased as 

      may yet be 

      Total number 

      Average price 

      part of publicly 

      purchased 

      of shares 

      paid per 

      announced plans 

      under the plans 

      Period 
      
      purchased