{"url_path":"/sec/mgyr/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1337068/0001174947-26-000591-index.html","accession_number":"0001174947-26-000591","cik":"0001337068","ticker":"MGYR","issuer_name":"Magyar Bancorp, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1337068/0001174947-26-000591-index.html","primary_entity_key":"0001337068","primary_entity_name":"Magyar Bancorp, Inc."},"word_count":221,"has_tables":true,"body_markdown":"Item 2.\nUnregistered\nSales of Equity Securities and Use of Proceeds\n\n \n\na.)\nNot applicable.\n\n \n\nb.)\nNot applicable.\n\n \n\nc.)\nOn May 22, 2025 the Company announced the authorization of its fifth stock repurchase program pursuant to\nwhich the Company intends to repurchase up to an additional 5% of its outstanding shares, or up to 323,547 shares. The Company’s\nintended use of the repurchased shares is for general corporate purposes. The timing of the repurchases will depend on certain factors,\nincluding but not limited to, market conditions and prices, the Company’s liquidity requirements and alternative uses of capital.\nThe Company repurchased 30,925 shares of its common stock under this plan at March 31, 2026. At March 31, 2026, the Company held 628,722\nshares in treasury that were repurchased at an average price of $12.77.\n\n \n\nThe following table\nreports information regarding repurchases of our common stock during the current quarter ended March 31, 2026.\n\n \n\n \n \n \n \n \n \n \n \nTotal Number of\n \n \nRemaining Number\n \n\n \n \nTotal Number\n \n \nAverage\n \n \nShares Repurchased\n \n \nof Shares That May\n \n\n \n \nof Shares\n \n \nPrice Paid\n \n \nas Part of Publicly\n \n \nbe Purchased Under\n \n\nPeriods\n \nPurchased\n \n \nPer Share\n \n \nAnnounced Programs\n \n \nthe Current Program\n \n\nJanuary 1, 2026 through January 31, 2026\n \n \n—\n \n \n$\n—\n \n \n \n22,037\n \n \n \n301,510\n \n\nFebruary 1, 2026 through February 28, 2026\n \n \n2,587\n \n \n$\n18.00\n \n \n \n24,624\n \n \n \n298,923\n \n\nMarch 1, 2026 through March 31, 2026\n \n \n6,301\n \n \n$\n17.45\n \n \n \n30,925\n \n \n \n292,622"}