Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Purchases of Equity Securities by the Issuer
The following table presents Charter’s purchases of equity securities completed during the second quarter of 2021 (dollars in millions, except per share amounts):
Period Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
April 1 - 30, 2021 1,947,864 $627.85 1,858,684 $1,322
May 1 - 31, 2021 2,070,063 $670.05 1,845,671 $2,080
June 1 - 30, 2021 1,498,385 $689.09 1,442,902 $1,656
(1) Includes 89,180, 224,392 and 55,483 shares withheld from employees for the payment of taxes and exercise costs upon the exercise of stock options or vesting of other equity awards for the months of April, May and June 2021, respectively.
(2) During the three months ended June 30, 2021, Charter purchased approximately 5.1 million shares of its Class A common stock for approximately $3.4 billion, which includes 1.9 million Charter class A common shares purchased from Liberty Broadband pursuant to the LBB Letter Agreement at an average price per unit of $645.63, or $1.2 billion. Charter Holdings purchased 0.9 million Charter Holdings common units from A/N at an average price per unit of $639.28, or $583 million, during the three months ended June 30, 2021. As of June 30, 2021, Charter had remaining board authority to purchase an additional $1.7 billion of Charter’s Class A common stock and/or Charter Holdings common units. In addition to open market purchases including pursuant to Rule 10b5-1 plans adopted from time to time, Charter may also buy shares of Charter Class A common stock, from time to time, pursuant to private transactions outside of its Rule 10b5-1 plan and any such repurchases may also trigger the repurchases from A/N pursuant to and to the extent provided in the A/N Letter Agreement or Liberty pursuant to the LBB Letter Agreement.
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