Envela Corporation Stock Repurchase Plan Extension

Envela Corporation announced on April 9, 2026, that its Board of Directors has authorized the extension of its stock repurchase plan. The plan, originally set to expire on March 31, 2026, will now run until March 31, 2028. The total authorized repurchase amount remains at 1,100,000 shares of common stock. The company may repurchase shares through various methods, including open-market purchases and privately negotiated transactions, at prices determined by the Chief Executive Officer and President or Chief Financial Officer, in compliance with all applicable laws and regulations. Repurchased shares may be retired at the discretion of the authorized officers.