1 unchanged sentence
Recent Sales of Unregistered Equity Securities
−Removed: There were no sales of unregistered equity securities during the six months ended June 30, 2025.
+Added: There were no sales of unregistered equity securities during the nine months ended September 30, 2025.
Use of Proceeds from Registered Equity Securities
−Removed: We did not receive any proceeds from sales of registered equity securities during the six months ended June 30, 2025.
+Added: We did not receive any proceeds from sales of registered equity securities during the nine months ended September 30, 2025.
Issuer Purchases of Equity Securities
−Removed: The following table presents repurchases of shares of the Company’s Common Stock completed during the three months ended June 30, 2025 (in thousands):
+Added: The following table presents repurchases of shares of the Company’s Common Stock completed during the three months ended September 30, 2025 (in thousands, except per share amounts):
Total Number of Shares Purchased
3 unchanged sentences
(in thousands)
−Removed: April 1, 2025 - April 30, 2025
−Removed: 7,487 $ 8.05 7,487 $ 147,600
−Removed: May 1, 2025 - May 31, 2025
−Removed: 1,161 $ 8.29 1,161 $ 137,980
−Removed: June 1, 2025 - June 30, 2025
+Added: July 1, 2025 - July 31, 2025 (3)
13,399 $ 8.33 13,399 $ —
+Added: August 1, 2025 - August 31, 2025
+Added: September 1, 2025 - September 30, 2025
13,399 $ 8.33 13,399 $ —
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(1) The average price paid per share is calculated by dividing the total cash paid for the shares (including commissions) by the total number of shares repurchased.
−Removed: (2) In February 2025, the Company's Board of Directors announced the 2025 Share Repurchase Plan, pursuant to which the Company is authorized to repurchase, through April 30, 2026, up to a maximum aggregate amount of $500 million of shares of the Company's Common Stock.
−Removed: The 2025 Share Repurchase Plan allows the Company to purchase Common Stock, from time to time, in one or more open market or privately negotiated transactions, including pursuant to Rule 10b5-1 or Rule 10b-18 of the Exchange Act, or pursuant to one or more accelerated share repurchase agreements, subject to certain requirements and other factors.
+Added: (2) In February 2025, the Company's Board of Directors announced the 2025 Share Repurchase Plan, pursuant to which the Company was authorized to repurchase, through April 30, 2026, up to a maximum aggregate amount of $500 million of shares of the Company's Common Stock.
+Added: The 2025 Share Repurchase Plan allowed the Company to purchase Common Stock, from time to time, in one or more open market or privately negotiated transactions, including pursuant to Rule 10b5-1 or Rule 10b-18 of the Exchange Act, or pursuant to one or more accelerated share repurchase agreements, subject to certain requirements and other factors.
+Added: As of September 30, 2025, the entire capacity available under the 2025 Share Repurchase Plan had been utilized, and there is no remaining authorized amounts outstanding under the 2025 Share Repurchase Plan.
+Added: (3) The Company repurchased, and subsequently retired, 11 million shares of its Common Stock under the 2025 Share Repurchase Plan for an aggregate purchase price of $93 million (or approximately $8.31 per share) in connection with a secondary offering of the Company’s Common Stock by Apollo.
+Added: Refer to Note 14 “Related Party Transactions” for further information.
+Added: The Company also repurchased, and subsequently retired, an additional 2 million shares of its Common Stock under the 2025 Share Repurchase Plan in the open market, including pursuant to Rule 10b5-1 and Rule 10b-18 of the Exchange Act, in multiple transactions at an average price of $8.45 per share.
+Added: There were no remaining authorized amounts outstanding under the 2025 Share Repurchase Plan after these transactions.
DEFAULTS UPON SENIOR SECURITIES.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.