3 unchanged sentences
Performance Graph
−Removed: Our common stock currently trades on the NASDAQ Global Select Market.
−Removed: The chart below compares the relative changes in the cumulative total return of our common stock for the period from December 31, 2019 to December 31, 2024, against the cumulative total return for the same period of the (1) The Standard & Poor’s 500 (S&P 500) Index and (2) the NASDAQ Telecommunications Index.
−Removed: The comparison below assumes $100 was invested on December 31, 2019 in our common stock, the S&P 500 Index and the NASDAQ Telecommunications Index, with dividends, if any, reinvested.
+Added: The graph below matches Cogent Communications Holdings’ cumulative 5-Year total shareholder return on common stock with the cumulative total returns of the S&P 500 index and the NASDAQ Telecommunications index.
+Added: The graph tracks the performance of a $100 investment in our common stock and in each index (with the reinvestment of all dividends) from 12/31/2020 to 12/31/2025.
Cogent Communications Holdings
2 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: Our Board of Directors authorized a plan to permit the repurchase of up to $50.0 million of our common stock in negotiated and open market transactions through December 31, 2025.
+Added: On August 6, 2025, our Board of Directors authorized a plan to permit the repurchase of up to $100.0 million of our common stock in negotiated and open market transactions through December 31, 2026.
+Added: This authorization replaced the previous authorization to purchase up to $50.0 million shares during fiscal 2025, which expired on December 31, 2025.
As of December 31, 2025, $105.8 million remained available for such negotiated and open market transactions concerning our common stock.
−Removed: We may purchase shares from time to time depending on market, economic, and other factors.
−Removed: We did not purchase shares of our common stock during the three months ended December 31, 2024.
+Added: We may purchase shares
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+Added: from time to time depending on market, economic, and other factors.
+Added: We did not purchase any shares of our common stock during the fourth quarter of 2025.
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.