LAKELAND INDUSTRIES INC 10-Q

MD&A

Item 2. Unregistered Sales of Equi ty Securities and Use of Proceeds Unregistered Sales of Equity Securities On July 25, 2026, we completed the issuance of 7,500 restricted stock units (“RSUs”) to MZHCI, LLC (“MZ Group”) pursuant to an investor relations consulting agreement by and between the Company and MZ Group entered into on October 4, 2024 (the “Consulting Agreement”). The RSUs are fully vested. The issuance of these securities was effected without registration in reliance on Section 4(a)(2) of the Securities Act as a sale by the Company not involving a public offering. No underwriters were involved with the issuance of such securities. Issuer Purchases of Equity Securities On April 7, 2022, the Board of Directors authorized a stock repurchase program under which the Company may repurchase up to $5.0 million of its outstanding common stock (the “Share Repurchase Program”). The Share Repurchase Program became effective upon the completion of a prior Share Repurchase Program. The Share Repurchase Program has no expiration date; however, it may be terminated by the Board of Directors at any time. On December 1, 2022, the Board of Directors authorized an increase in the Share Repurchase Program under which the Company may repurchase up to an additional $5.0 million of its outstanding common stock. The common shares available for repurchase under the authorizations currently in effect may be purchased from time to time, with consideration given to the market price of the common shares, the nature of other investment opportunities, cash flows from operations, general economic conditions and other relevant considerations. Repurchases may be made on the open market or through privately negotiated transactions. The following table sets forth purchases made by or on behalf of the Company or any “affiliated purchaser,” as defined in Rule 10b-18(a)(3) of the Exchange Act, of shares of the Company’s common stock during the second quarter of fiscal 2027: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs Maximum Dollar Amount of Shares that May Yet Be Purchased Under the Programs (1) May 1 – May 31 — $ — — $ 5,030,479 June 1 – June 30 — $ — — $ 5,030,479 July 1 – July 31 — $ — — $ 5,030,479 Total — $ — — $ 5,030,479 (1) Represents the amount remaining under our share repurchase