Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1233

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 1233
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 of preferred stock. Holders of the shares of common stock have no conversion or preemptive or other
subscription rights and there are no redemption or sinking fund provisions applicable to the common stock.

     F-24 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Stock Purchases

For the year ending December
31, 2024, we purchased 1,469,658
shares of our common stock at an average price of $8.73.
In April 2024 our board of directors authorized the repurchase of an additional $10
million of our common stock. There is approximately $6.3
million of board authorization remaining under such plans, which have no expiration date. The table below describes the purchase
of our common stock for the twelve-month period ended December 31, 2024 and 2023:

    Schedule of stock purchases 

    Twelve Months Ended 

    December 31, 2024  
    December 31, 2023 

    Shares  
    Avg. Price  
    Shares  
    Avg. Price 
  
    Open market purchases 
     473,202  
    $8.67  
     670,968  
    $10.20 
  
    Shares redeemed upon net exercise of stock options 
     876,456  
     8.66  
     1,305,388  
     10.29 
  
    Other 
     120,000  
     9.49  
     –  
     – 
  
    Total stock purchases 
     1,469,658  
    $8.73  
     1,976,356  
    $10.26 

Options and Warrants

In 2006, the Company adopted
and its shareholders approved the CPS 2006 Long-Term Equity Incentive Plan (the “2006 Plan”) pursuant to which our Board of
Directors, or a duly-authorized committee thereof, may grant stock options, restricted stock, restricted stock units and stock appreciation
rights to our employees or employees of our subsidiaries, to directors of the Company, and to individuals acting as consultants to the
Company or its subsidiaries. In June 2008, May 2012, April 2013, May 2015, July 2018 and again in November