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See Part III, Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of this Annual Report on Form 10-K for more information regarding securities authorized for issuance.
−Removed: Unregistered Sales of Securities
+Added: Recent Sales of Unregistered Securities
We had no unregistered sales of our securities during the three months ended December 31, 2024.
+Added: Purchases of Equity Securities by the Registrant and Affiliated Purchasers
+Added: We did not purchase any of our common stock during the three months ended December 31, 2024.
Securities Repurchase Program
−Removed: In August 2023, our Board of Directors approved a $200.0 million increase to our existing securities repurchase program authorizing the repurchase of up to $2.2 billion of our common stock and/or convertible notes, through open market purchases, block trades, and/or privately negotiated transactions or pursuant to Rule 10b5-1 plans, in compliance with applicable securities laws and other legal requirements.
−Removed: The timing, volume, and nature of the repurchases will be determined by management based on the capital needs of the business, market conditions, applicable legal requirements, and other factors.
+Added: In November 2024, our board of directors approved a $300.0 million increase to our existing securities repurchase program authorizing the repurchase of our common stock and/or convertible notes, through open market purchases, block trades, and/or privately negotiated transactions or pursuant to Rule 10b5-1 plans, in compliance with applicable securities laws and other legal requirements.
+Added: The timing, volume, and nature of the repurchases will be determined by management based on the capital needs of the business, market conditions, applicable legal requirements, alternative investment opportunities, and other factors.
As of December 31, 2024, we had $207.5 million remaining under the securities repurchase program, which has no expiration date and will continue until otherwise suspended, terminated or modified at any time for any reason by our board of directors.
−Removed: Purchases of Securities by the Registrant and Affiliated Purchasers
−Removed: The following table presents the securities repurchase activity during the three months ended December 31, 2023 (in thousands, except average price paid per security and total number of securities repurchased):
−Removed: Period Total Number of Securities Repurchased Average Price Paid Per Security Total Number of Securities Purchased Pursuant to Publicly Announced Plan
−Removed: Total Dollar Amount Purchased Pursuant to Publicly Announced Plan
−Removed: Maximum Dollar Amount Remaining Available for Repurchase Pursuant to Publicly Announced Plan
−Removed: October 1 - October 31
−Removed: — $ — — $ — $ 153,665
−Removed: November 1 - November 30 (1)
−Removed: 13,498,313 — 13,498,313 150,000 3,665
−Removed: December 1 - December 31
−Removed: — — — — 3,665
−Removed: (1) On November 14, 2023, in connection with our securities repurchase program, we entered into an accelerated share repurchase (ASR) agreement with a financial institution to repurchase $150.0 million of our outstanding common stock.
−Removed: In exchange for an upfront payment of $150.0 million, we received an initial delivery of 13,498,313 shares of our common stock.
−Removed: The average price paid per security is not applicable as final settlement did not occur during the three months ended December 31, 2023.
Stock Performance Graph
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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.