{"url_path":"/sec/snal/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":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1886894/0001493152-26-022718-index.html","accession_number":"0001493152-26-022718","cik":"0001886894","ticker":"SNAL","issuer_name":"Snail, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1886894/0001493152-26-022718-index.html","primary_entity_key":"0001886894","primary_entity_name":"Snail, Inc."},"word_count":319,"has_tables":true,"body_markdown":"**Item\n2. Unregistered Sales of Equity Securities and Use of Proceeds**\n\n \n\n**(a)\nUnregistered Sales of Equity Securities.**\n\n \n\nThe\nCompany did not issue any securities that were not registered under the Securities Act during the three months ended March 31, 2026.\n\n \n\n**(b)\nUse of Proceeds**\n\n \n\nNot\napplicable.\n\n \n\n**(c)\nPurchases of Equity Securities by the Issuer and Affiliated Purchasers**\n\n \n\n  \n **Total Number of Shares Purchased**  \n **Average Price Paid per Share**  \n **Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs**  \n **Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs** \n\n  \n **In thousands, except per share amounts** \n\nPeriod \n    \n    \n    \n   \n\nJanuary 2026 \n —  \n —  \n —  \n — \n\nFebruary 2026 \n —  \n —  \n —  \n — \n\nMarch 2026 \n —  \n —  \n —  \n — \n\nTotal \n —  \n$—  \n —  \n$— \n\n \n\nOn\nNovember 10, 2022, our board of directors authorized a Share Repurchase Program under which we may repurchase up to $5 million in outstanding\nshares of our Class A common stock, subject to ongoing compliance with Nasdaq listing rules. The program does not have a fixed expiration\ndate. The share repurchases may be made from time to time through open market transactions, block trades, privately negotiated transactions\nor otherwise and are subject to market and business conditions, levels of available liquidity, cash requirements for other purposes,\nregulatory, and other relevant factors. There were no share repurchases settled in the three months ended March 31, 2026. As of March\n31, 2026, 1,350,275 shares of Class A common stock were repurchased pursuant to the Share Repurchase Program for an aggregate purchase\nprice of approximately $3.7 million. The average price paid per share was $2.72 and approximately $1.3 million aggregate amount of shares\nof Class A common stock remain available for repurchase under the Share Repurchase Program. For more information regarding the Share\nRepurchase Program refer to Note 2 - Summary of Significant Accounting Policies to our condensed consolidated financial statements included\nin this Quarterly Report.\n\n \n\n52"}