{"url_path":"/sec/cik-0000899394/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-29","source_url":"https://www.sec.gov/Archives/edgar/data/899394/0000899394-26-000028-index.html","accession_number":"0000899394-26-000028","cik":"0000899394","ticker":null,"issuer_name":"HARBOR DIVERSIFIED, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/899394/0000899394-26-000028-index.html","primary_entity_key":"0000899394","primary_entity_name":"HARBOR DIVERSIFIED, INC."},"word_count":375,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\nPurchases of Equity Securities by the Issuer and Affiliated Purchasers\n\nOn March 30, 2021, the board of directors adopted a stock repurchase program pursuant to which Harbor was initially authorized to repurchase up to $1.0 million of shares of its common stock from time to time during the first calendar month of the program, subject to an automatic increase of $1.0 million per calendar month thereafter. The number of shares to be repurchased, and the timing of any such repurchases, will depend on a number of factors, including the trading price of the common stock, the Company’s financial performance and liquidity position, general market conditions, applicable legal requirements and other factors. Repurchases may be affected through open market transactions, privately negotiated transactions, or any other lawful means. Harbor may, but is not required to, effect repurchases under a trading plan adopted pursuant to Rule 10b5-1 under the Exchange Act, or subject to Rule 10b-18 under the Exchange Act. Harbor is not obligated under the program to acquire any particular number or value of shares and can suspend or terminate the program at any time.\n\nNo “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) of Harbor acquired any shares of Harbor’s equity securities during the three months ended March 31, 2025.\n\n38\n\n[Table of Contents](#i87024d546edd4c658b1166ccbd594d6d_7)\n\nBelow is a summary of stock repurchase activity under Harbor's stock repurchase program during the three months ended March 31, 2025:\n\nPeriod\nTotal number\n\nof shares\n\nrepurchased(1)\nAverage price\npaid per share\nDollar value of\n\nshares\n\nrepurchased(2)\nApproximate\ndollar value of\nshares remaining\navailable under\nstock repurchase\nprogram\n\nJanuary 1 – January 31, 202528,531$0.81 $22,988 $19,000,851 \n\nFebruary 1 – February 28, 202529,5190.62 18,198 19,982,653 \n\nMarch 1 – March 31, 20255,8750.64 3,762 $20,978,891 \n\nTotal63,925$0.70 $44,948 \n\n(1)All of the reported shares were repurchased pursuant to Harbor’s publicly announced stock repurchase program. In addition, all of the reported shares were purchased pursuant to a trading plan adopted pursuant to Rule 10b5-1 under the Exchange Act and in compliance with Rule 10b-18 under the Exchange Act.\n\n(2)These amounts do not reflect the 1% federal corporate stock repurchase excise tax, which went into effect in January 2023, once repurchases exceeded $1.0 million."}