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 December 30, 2023 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) October 1, 2023 to November 4, 2023: August 2023 ASRs 6,498 (2) 6,498 Open market and privately negotiated purchases 45,970 $ 174.03 45,970 November 5, 2023 to December 2, 2023: Open market and privately negotiated purchases 33,797 $ 187.14 33,797 December 3, 2023 to December 30, 2023: Open market and privately negotiated purchases 31,782 $ 194.29 31,782 Total 118,047 $ 53,569 (1) As of December 30, 2023, the Company was authorized by the Board of Directors to purchase up to $90 billion of the Company’s common stock under a share repurchase program announced on May 4, 2023, of which $36.4 billion had been utilized. The program does not obligate the Company to acquire a minimum amount of shares. Under the program, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act. (2) In August 2023, the Company entered into accelerated share repurchase agreements (“ASRs”) to purchase up to a total of $5.0 billion of the Company’s common stock. In October 2023, the purchase periods for these ASRs ended and an additional 6 million shares were delivered and retired. In total, 29 million shares were delivered under these ASRs at an average repurchase price of $174.93 per share. Apple Inc. | Q1 2024 Form 10-Q | 20 Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.