MiT adopts 10b5-1 plan to facilitate $1M share repurchase, expands buyback days to 250 annually

MOVING iMAGE TECHNOLOGIES INC.

10b5-1 plan allows MITQ share repurchases during blackout periods, increasing trading days from ~90 to ~250 per year.
As of June 30, 2023, MiT repurchased ~273,000 shares for $303,000, leaving $697,000 available under the $1M program.
Independent broker-dealer will execute pre-arranged repurchases under Rule 10b5-1 and Rule 10b-18.
Program was originally re-authorized on March 23, 2023, and runs for one year.

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