{"url_path":"/sec/twin/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":"2026-02-04","source_url":"https://www.sec.gov/Archives/edgar/data/100378/0001437749-26-002879-index.html","accession_number":"0001437749-26-002879","cik":"0000100378","ticker":"TWIN","issuer_name":"TWIN DISC INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/100378/0001437749-26-002879-index.html","primary_entity_key":"0000100378","primary_entity_name":"TWIN DISC INC"},"word_count":309,"has_tables":true,"body_markdown":"**Item 2.**         **Unregistered Sales of Equity Securities and Use of Proceeds**\n\n \n\n(a)\n\n*Unregistered Sales of Equity Securities*\n\n \n\nThere were no securities of the Company sold by the Company during the quarter ended December 26, 2025, which were not registered under the Securities Act of 1933, in reliance upon an exemption from registration provided by Section 4 (2) of the Act.\n\n \n\n(b)\n\n*Use of Proceeds*\n\n \n\nNot applicable.\n\n \n\n(c)\n\n*Issuer Purchases of Equity Securities*\n\n \n\nIssuer Purchases of Equity Securities\n\n \n\nPeriod\n\n(a) Total\n\nNumber of\n\nShares\n\nPurchased\n\n(b)\n\nAverage\n\nPrice Paid\n\nper Share\n\n(c) Total Number of\n\nShares Purchased as\n\nPart of Publicly\n\nAnnounced Plans or\n\nPrograms\n\n(d) Maximum Number of\n\nShares that May Yet Be\n\nPurchased Under the Plans or\n\nPrograms\n\n \n \n \n \n \n\nSeptember 27 – October 31, 2025\n\n0\n\nNA\n\n0\n\n315,000\n\n \n \n \n \n \n\nNovember 1– November 28, 2025\n\n0\n\nNA\n\n0\n\n315,000\n\n \n \n \n \n \n\nNovember 29 – December 26, 2025\n\n0\n\nNA\n\n0\n\n315,000\n\n \n \n \n \n \n\nTotal\n\n0\n\nNA\n\n0\n\n315,000\n\n \n\n \n\nOn February 1, 2008, the Board of Directors authorized the purchase of up to 500,000 shares of Common Stock at market values, of which 250,000 shares were purchased during fiscal 2009 and 125,000 shares were purchased during fiscal 2012. On July 27, 2012, the Board of Directors authorized the purchase of an additional 375,000 shares of Common Stock at market values. This authorization has no expiration. During the second quarter of fiscal 2013, the Company purchased 185,000 shares under this authorization. The Company did not make any purchases during the quarter ended December 26, 2025. As of December 26, 2025, 315,000 shares remain authorized for purchase.\n\n \n\nThe discussion of limitations upon the payment of dividends as a result of the Credit Agreement between the Company and BMO Harris Bank, N.A., as discussed in Part I, Item 2, \"Management's Discussion and Analysis \" under the heading \"Financial Condition, Liquidity and Capital Resources,\" is incorporated herein by reference."}