Apple Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Purchases of Equity Securities by the Issuer and Affiliated Purchasers Share repurchase activity during the three months ended June 25, 2022 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts): Periods Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1) March 27, 2022 to April 30, 2022: Open market and privately negotiated purchases 50,578 $ 168.06 50,578 May 1, 2022 to May 28, 2022: Open market and privately negotiated purchases 42,069 $ 148.45 42,069 May 29, 2022 to June 25, 2022: Open market and privately negotiated purchases 50,027 $ 139.06 50,027 Total 142,674 $ 85,877 (1) On April 28, 2022, the Board of Directors authorized the purchase of an additional $90 billion of the Company’s common stock under the Program. As of June 25, 2022, total utilization under the April 2022 authorization was $4.1 billion. During the third quarter of 2022, the Company also utilized the final $17.6 billion under the $90 billion Program authorization approved in April 2021. The Program does not obligate the Company to acquire a minimum amount of shares. Under the Program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act. Apple Inc. | Q3 2022 Form 10-Q | 20 Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.