Alarm.com Holdings, Inc. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES (a) Recent Sales of Unregistered Securities There were no unregistered sales of equity securities during the three months ended September 30, 2023. 79 (c) Issuer Purchases of Equity Securities The following table contains information relating to the repurchases of our common stock made by us and the approximate dollar value of shares that may yet be purchased under our stock repurchase program during the three months ended September 30, 2023: Period Total Number of Shares Purchased Average Price Paid per Share (1) Total Number of Shares Purchased as a Part of a Publicly Announced Program (2) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (1) July 1 to July 31, 2023 — $ — — $ 93,273,123 August 1 to August 31, 2023 68,401 57.86 68,401 89,315,338 September 1 to September 30, 2023 36,884 58.83 36,884 87,145,286 Total 105,285 $ 58.20 105,285 _______________ (1) As of January 1, 2023, we are subject to a 1.0% excise tax on the value of net corporate stock repurchases under the Inflation Reduction Act of 2022. When applicable, the excise tax will be included as part of the cost basis of shares acquired and is presented within stockholders’ equity in the condensed consolidated balance sheets and will be excluded from amounts presented above. (2) On February 15, 2023, our board of directors authorized the cancellation of the balance under the stock repurchase program ending December 3, 2023 and also authorized a stock repurchase program, effective February 23, 2023, under which we are authorized to purchase up to an aggregate of $100.0 million of our outstanding common stock during the two-year period ending February 23, 2025. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not applicable.