7 unchanged sentences
Holders of Record
−Removed: As of February 14, 2022, we had approximately 104,745 shareholders of record.
+Added: As of February 17, 2023, we had approximately 116,394 shareholders of record which hold shares of the Company’s common stock.
This does not include persons whose stock is in nominee or “street name” accounts through brokers.
−Removed: On August 4, 2021, the Company’s Board of Directors declared and subsequently paid its first cash dividend.
During 2022, the Company’s Board of Directors declared the following dividends on its common stock:
Declaration Date
−Removed: August 4, 2021
+Added: February 17, 2022
+Added: March 11, 2022
+Added: March 31, 2022
+Added: April 29, 2022
+Added: July 29, 2022
August 12, 2022
3 unchanged sentences
November 28, 2022
−Removed: The Company has not paid cash dividends on its common stock in previous periods, including during the year ended December 31, 2020.
Payment of cash dividends is at the discretion of the Company’s Board of Directors in accordance with applicable law after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs and plans for growth.
1 unchanged sentence
Therefore, no assurance is given that we will pay any future dividends to our common stockholders, or as to the amount of any such dividends.
−Removed: Common Stock Split
−Removed: On January 15, 2021, the Company’s Board of Directors approved a two-for-one stock split in the form of a stock dividend to shareholders of record as of January 29, 2021 (the “Stock Split”).
−Removed: The Stock Split was effected on February 12, 2021.
−Removed: All shares, restricted stock units (“RSU”), stock options, and per share information have been retroactively adjusted to reflect the stock split.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
14 unchanged sentences
12/1/2022-12/31/2022
−Removed: (1) The repurchase program began on January 2, 2019 and was set to expire on June 28, 2019.
−Removed: On June 12, 2019, the Company, under authorization from the Board of Directors, amended the plan.
−Removed: The amended plan extended the repurchase program through December 31, 2019.
−Removed: On November 26, 2019, the Company announced the approval to increase the authorization limits of the Company’s stock repurchase program by the Board.
−Removed: The Board agreed to extend the stock repurchase program through the fourth quarter of 2020 and to increase the authorization for the stock repurchase program from $25.0 million to $75.0 million of the Company’s common stock.
−Removed: The Company discontinued the repurchase program in March 2020 and subsequently reinstated it in June 2021 with a maximum authorization of $75.0 million.
−Removed: In December 2020, the Board approved an increase to the total amount of its buyback program from $75.0 million to $400.0 million.
+Added: (1) In December 2018, the Company’s board of directors approved a stock repurchase program authorizing the Company to purchase its common stock.
+Added: In November 2019, the Board amended the repurchase program, increasing the total amount authorized to be purchased from $25.0 million to $75.0 million.
+Added: In December 2020, the Board approved another amendment to the repurchase program, increasing the total amount authorized to be purchased from $75.0 million to $400.0 million.
+Added: In May 2022, the Board approved an increase to the total amount of its buyback program from $400.0 million to $500.0 million.
The stock repurchase program is more fully disclosed in Note 10 – Stockholders’ Equity to the consolidated financial statements.
−Removed: Repurchased shares were impacted by the Stock Split;
−Removed: therefore, the number of shares and average price paid per share are reported on a post-Stock Split basis.
Company Stock Performance
−Removed: The following stock performance table is not deemed “soliciting material” or subject to Section 18 of the Securities Exchange Act of 1934.
The following graph compares the performance of our common stock to the Standard & Poor’s (“S&P”) 500 Index, the S&P Homebuilders Select Industry Index and the S&P Internet Select Industry Index by assuming $100 was invested in each investment option as of February 28, 2018, which represents the month our common stock began trading on the Nasdaq.
7 unchanged sentences
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.