{"url_path":"/sec/kvhi/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-03-10","source_url":"https://www.sec.gov/Archives/edgar/data/1007587/0001007587-26-000004-index.html","accession_number":"0001007587-26-000004","cik":"0001007587","ticker":"KVHI","issuer_name":"KVH INDUSTRIES INC \\DE\\","edgar_url":"https://www.sec.gov/Archives/edgar/data/1007587/0001007587-26-000004-index.html","primary_entity_key":"0001007587","primary_entity_name":"KVH INDUSTRIES INC \\DE\\"},"word_count":524,"has_tables":true,"body_markdown":"ITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities\n\nMarket Information. Our common stock trades on the Nasdaq Global Select Market under the symbol “KVHI.”\n\nStockholders. As of March 4, 2026, we had 56 holders of record of our common stock. This number does not include stockholders for whom shares were held by a nominee or in “street” name.\n\nDividends. We have never declared or paid cash dividends on our capital stock, and we have no plan to pay any cash dividends in the foreseeable future. We currently intend to retain any future earnings to finance our operations and future growth.\n\nIssuer Purchases of Equity Securities. On December 10, 2024, our Board of Directors announced a share repurchase program pursuant to which we may purchase outstanding shares of our common stock for an aggregate purchase price of up to $10 million. On March 6, 2026, our Board of Directors authorized an increase in the size of the repurchase program from $10 million to $15 million.\n\nUnder the program, at management’s discretion, we may repurchase shares from time to time through various means, including on the open market, in privately negotiated transactions or block transactions, or through an accelerated repurchase agreement. We may elect to make purchases under Rule 10b-18 under the Securities Exchange Act of 1934, as amended, or the Exchange Act, which imposes certain volume limitations, and/or under Rule 10b5-1 under that act, which would permit repurchases to occur during periods when we might otherwise be precluded from making purchases under insider trading laws or KVH policy. The volume and timing of any such repurchases will depend on a variety of factors, including the availability of shares, price, market conditions, alternative uses of capital, liquidity, general business conditions, satisfaction of debt covenants, and applicable regulatory requirements. The program does not obligate us to repurchase any minimum number or dollar amount of shares, and the program may be modified, suspended or terminated at any time without prior notice. The program’s expiration date has been extended to December 2026 and may be further extended.\n\nIn 2025, we repurchased approximately 327,000 shares of common stock in open market transactions at a cost of approximately $1.7 million. Except as noted above, there were no other repurchase programs outstanding.\n\n26\n\n[Table of Contents](#i5a4839e12bec46a3975c437a702e060b_7)\n\nPeriod(1)\nTotal Number of Shares Purchased\nAverage Price Paid per Share(2)\nTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs\nApproximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(3)\n\nOctober 1 - October 31266 $5.30 266 $13,626,646 \n\nNovember 1 - November 3037,853 5.86 37,853 13,403,681 \n\nDecember 1 - December 3124,378 5.97 24,378 13,257,502 \n\nTotal62,497 5.90 62,497 \n\n(1)The paragraphs preceding the table provide information about the date the share repurchase program was announced, the dollar amount approved and the anticipated expiration date of the program. No other share repurchase program expired, was terminated or was abandoned during the period covered by the table.\n\n(2)Does not reflect brokerage commissions.\n\n(3)Gives effect to the increase in the size of the repurchase program authorized by our Board of Directors on March 6, 2026."}