Adeia Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Items 2(a) and 2(b) are not applicable. (c) Stock Repurchases (in thousands, except share price) Total number of shares purchased Average price paid per share Total number of shares purchased as part of our share repurchase program Approximate dollar value of shares that may yet be purchased under our share repurchase program (a) 2022 January — $ — — February — — — March 1,029 16.78 1,029 Total 1,029 $ 16.78 1,029 $ 77,772 (a) Calculated as of March 31, 2022. On June 12, 2020, our Board of Directors authorized a stock repurchase program providing for the repurchase of up to $150.0 million of our common stock. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The stock repurchases may be made from time to time, through solicited or unsolicited transactions in the open market, in privately negotiated transactions, or pursuant to a Rule 10b5-1 plan. The program may be discontinued or amended at any time and has no specified expiration date. On April 22, 2021, our Board of Directors approved an increase in the repurchase authorization under the program by $100.0 million. All repurchases in the three months ended March 31, 2022 were made under this program. Item 3. Defaults Upon Senior Securities Not applicable. Item 4. Mine Safety Disclosures Not applicable.