Company: IPGP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001111928-25-000132
Chunk: 5

Company: IPG PHOTONICS CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 4
Chunk 5
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 been no sales of unregistered securities for the three months ended June 30, 2025.

Issuer Purchases of Equity Securities

The following table reflects issuer purchases of equity securities for the three months ended June 30, 2025:

Total Number of Shares (or Units) Purchased (1)Average Price Paid per Share (or Unit)Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs (2)Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or ProgramsApril 1, 2025 — April 30, 2025194,764 $55.30 194,764 $39,230 May 1, 2025 — May 31, 2025189,614 62.99 179,995 27,895 June 1, 2025 — June 30, 2025121,136 67.95 116,223 20,000 Total505,514 $61.22 490,982 $20,000 

(1)     Total number of shares (or units) purchased includes shares repurchased as part of publicly announced plans or programs and "withhold to cover" tax liabilities upon vesting of restricted stock awards. For the three months ended June 30, 2025, a total of 14,532 shares were withheld to cover at an average price of $65.01. 

(2)  On February 13, 2024, we announced that our Board of Directors authorized the purchase of up to $300 million of IPG common stock (the "February 2024 authorization"), exclusive of any fees, commissions or other expenses. Share repurchases under these purchase authorization were made periodically in open-market transactions using our working capital, and were subject to market conditions, legal requirements and other factors. The share purchase program authorizations did not obligate us to repurchase any dollar amount or number of our shares, and repurchases could be commenced or suspended from time to time without prior notice. 

We repurchased 490,982 shares in the second quarter of 2025 under the February 2024 authorization.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.