Academy Sports & Outdoors, Inc. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS The following table summarizes the repurchases and cancellations of our common stock during the second quarter of 2022: Period Total Number of Shares Purchased (a) Average Price Paid per Share Total Number of Share Purchased as Part of Publicly Announced Plans or Programs (b) Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (b) May 1, 2022 to May 28, 2022 — $ — — $ 100,192,722 May 29, 2022 to July 2, 2022 4,502,121 $ 36.20 4,502,121 $ 537,328,144 July 3, 2022 to July 30, 2022 1,048,771 $ 35.43 1,048,771 $ 500,192,744 Total 5,550,892 $ 36.05 5,550,892 $ 500,192,744 (a) The total number of shares purchased excludes shares which were net-settled, and therefore not issued, to cover employee tax withholding related to the vesting of certain restricted stock awards. (b) On September 2, 2021, the Board of Directors of the Company authorized a share repurchase program (the "2021 Share Repurchase Program") under which the Company may purchase up to $500 million of its outstanding shares during the three-year period ending September 2, 2024. On June 2, 2022, the Board of Directors of the Company authorized a new share repurchase program (the "2022 Share Repurchase Program") under which the Company may purchase up to $600 million of its outstanding shares during the three-year period ending June 2, 2025. As of July 30, 2022, approximately $500.2 million remained available for share repurchases pursuant to our combined 2021 Share Repurchase Program and 2022 Share Repurchase Program (see Note 2 to the accompanying financial statements). The 2021 Share Repurchase Program and 2022 Share Repurchase Program do not obligate the Company to acquire any particular number of common shares, and the programs may be suspended, extended, modified or discontinued at any time. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not Applicable.