{"url_path":"/sec/zdge/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":"2026-06-12","source_url":"https://www.sec.gov/Archives/edgar/data/1667313/0001213900-26-068278-index.html","accession_number":"0001213900-26-068278","cik":"0001667313","ticker":"ZDGE","issuer_name":"Zedge, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1667313/0001213900-26-068278-index.html","primary_entity_key":"0001667313","primary_entity_name":"Zedge, Inc."},"word_count":317,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\n \n\nIn October 2021, our Board of Directors authorized a repurchase program of up to 1.5 million shares of our Class B common stock at a maximum aggregate purchase price of $3 million. In September 2024, upon the completion of the initial $3.0 million repurchase program, our Board of Directors authorized an additional $5 million for the repurchase program with no limitation on the number of shares that may be repurchased. Repurchases under the program may be made from time to time through open market purchases or through privately negotiated transactions, subject to market conditions, applicable legal requirements and other relevant factors. Open market repurchases may be structured to be executed in accordance with the requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. We may also, from time to time, enter into “Rule 10b5-1” trading plans to facilitate repurchases of our shares. The repurchase program does not obligate us to acquire any particular amount of our Class B common stock, has no expiration date and may be modified, suspended, or terminated at any time at our discretion.\n\n \n\nThe following table summarizes the share repurchase activity for the third quarter of fiscal 2026:\n\n \n\nPeriod   Total\nNumber of\nShares\nPurchased(1)     Average\nPrice Paid\nPer Share(2)     Total\nNumber of\nShares\nPurchased\nas Part of\nPublicly\nAnnounced\nPrograms     Approximate\nDollar Value\nof Shares\nthat May\nYet Be\nPurchased\nUnder the\nProgram  \n\n    (in thousands)           (in thousands)     (in thousands)  \n\nFebruary 1, 2026 to February 28, 2026     24     $ 3.25       24     $        488  \n\nMarch 1, 2026 to March 31, 2026     30     $ 3.06       30     $ 395  \n\nApril 1, 2026 - April 30, 2026     26     $ 3.14       26     $ 314  \n\nTotal     80               80          \n\n \n\n(1) The total number of shares purchased includes shares repurchased as part of publicly announced programs.\n\n   \n\n(2) The average price paid per share includes any broker commissions."}