Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(c) Issuer Purchase of Equity Securities
In October 2021, our board of directors authorized a $1.0 billion stock repurchase program (the “Prior Repurchase Program”). This authorization allows us to repurchase shares of our common stock that will be funded from working capital and expires in the fourth quarter of 2024. In May 2024, our board of directors authorized an additional $1.2 billion stock repurchase program (the “New Repurchase Program” and together with the Existing Repurchase Program, the "Repurchase Programs"), which allows us to repurchase shares of our common stock to be funded from working capital. Repurchases under the Repurchase Programs may be made at management's discretion from time to time on the open market, through privately negotiated transactions, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The Repurchase Programs do not obligate us to acquire any of our common stock and may be suspended or discontinued by the company at any time without prior notice.
During the three months ended June 30, 2024, we repurchase d a total of $82.0 million of our common stock under our Prior Repurchase Program, which was completed in April 2024, and $90.0 million under our New Repurchase Program. Details are disclosed as below (in thousands, except per share amounts). For further information on our repurchase activities during the
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quarter ended June 30, 2024, please refer to Note 6. S tockholders' Equity and Stock-Based Compensation of the Notes to Consolidated Financial Statements included in Part I, Item 1, of this Quarterly Report on Form 10-Q.
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 Publicly Announced Plans or Programs
April 1, 2024 - April 30, 2024 308 $ 266.12 308 $ —
May 1, 2024 - May 31, 2024 203 295.69 203 1,139,810
June 1, 2024 - June 30, 2024 103 292.04 103 1,109,807
614 614
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.