{"url_path":"/sec/govb/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":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/1978811/0001104659-26-059375-index.html","accession_number":"0001104659-26-059375","cik":"0001978811","ticker":"GOVB","issuer_name":"Gouverneur Bancorp, Inc./MD/","edgar_url":"https://www.sec.gov/Archives/edgar/data/1978811/0001104659-26-059375-index.html","primary_entity_key":"0001978811","primary_entity_name":"Gouverneur Bancorp, Inc./MD/"},"word_count":270,"has_tables":true,"body_markdown":"**ITEM 2.**UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\n\nOn December 11, 2024, the Company announced that its Board of Directors had authorized a stock repurchase program to acquire up to 55,356 shares, or 5%, of the Company’s then issued and outstanding common stock. The stock repurchase program was the Company’s first repurchase program since completing its second-step conversion and related stock offering in October 2023.\n\nOn July 24, 2025, the Company announced that its Board of Directors had authorized a second stock repurchase program to acquire up to 52,778 shares, or 5% of the Company’s then issued and outstanding common stock.\n\n52\n\n[Table of Contents](#TOC)\n\nThe following table provides information on repurchases by the Company of its common stock under the Company’s stock repurchase program during the three months ended March 31, 2026:\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Total Number of Shares**\n\n​\n\n**Maximum Number of**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Purchased as Part of**\n\n​\n\n**Shares that May Yet Be**\n\n​\n\n​\n\n**Total Number of**\n\n​\n\n**Average Price Paid**\n\n​\n\n**Publicly Announced**\n\n​\n\n**Purchased Under the**\n\n**Period**\n\n**  ​ ​ ​**\n\n**Shares Purchased**\n\n**  ​ ​ ​**\n\n**Per share**\n\n​\n\n**Plans or Programs**\n\n  ​ ​ ​\n\n**Plans or Programs**\n\nJanuary 1 to 31, 2026\n\n​\n\n920\n\n​\n\n$\n\n17.46\n\n​\n\n60,601\n\n​\n\n47,533\n\nFebruary 1 to 28, 2026\n\n  ​ ​\n\n5,300\n\n  ​ ​\n\n​\n\n17.66\n\n​\n\n65,901\n\n​\n\n42,233\n\nMarch 1 to 31, 2026\n\n​\n\n2,500\n\n​\n\n​\n\n17.57\n\n​\n\n68,401\n\n​\n\n39,733\n\nTotal\n\n​\n\n8,720\n\n​\n\n$\n\n17.61\n\n​\n\n68,401\n\n​\n\n​\n\n​\n\n​"}