Pixelworks approves $5M share repurchase program, first in company history

PIXELWORKS, INC

Board authorized up to $5M in common stock repurchases over two years starting May 15, 2026.
Projected cash position of ~$58M as of March 31, 2026 provides flexibility for repurchases and working capital.
Chairman and CEO Todd DeBonis cites confidence in strategy and belief that shares are 'meaningfully undervalued'.
Repurchases may occur in open market, block trades, or privately negotiated transactions; Rule 10b5-1 plans possible.
First-ever buyback program for Pixelworks, reflecting board's commitment to returning capital to shareholders.

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