Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: Redemption of Redeemable Noncontrolling Interest— On May 23, 2022, 57,741,599 shares of our class A common stock were issued to Wafra in connection with the redemption of Wafra's interest in the Digital IM business and certain of Wafra's entitlement to carried interest, as discussed in Note 10 to the consolidated financial statements.
−Removed: Redemption of Membership Units in OP ("OP Units") —Holders of OP Units have the right to require the OP to redeem all or a portion of their OP Units for cash or, at our option, shares of our class A common stock on a one-for-one basis.
−Removed: In the second quarter of 2022, in satisfaction of redemption requests by former employee OP Unit holders, 400,000 shares of our class A common stock were issued to the former employees.
−Removed: Such shares of class A common stock, as described above, were issued in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended.
+Added: Purchases of Equity Securities by Issuer and Affiliated Purchasers
+Added: Pursuant to a stock repurchase program authorized by our board of directors, the Company may repurchase up to $200 million of its outstanding shares of class A common stock and/or preferred stock through various methods, including open market repurchases, negotiated block transactions, accelerated share repurchases, open market solicitations and Rule 10b5-1 plans.
+Added: The stock repurchase program expires on June 30, 2023 and may be extended, modified, or discontinued at any time.
+Added: The following table presents information related to purchases of the Company's Series H, I and J preferred stock and class A common stock during the quarter ended September 30, 2022:
+Added: Period Total Number of Shares Purchased Weighted Average Price Paid Per Share Total Number of Shares
+Added: Purchased as Part of
+Added: Publicly Announced
+Added: Program Maximum Approximate
+Added: Dollar Value that May
+Added: Yet Be Purchased
+Added: Under the Program
+Added: ($ in thousands)
+Added: Preferred Stock Common Stock Preferred Stock Common Stock Preferred Stock Common Stock
+Added: July 1 through July 31, 2022 575,913 — $ 22.59 $ — 575,913 — $ 186,991
+Added: August 1 through August 31, 2022 1,652,892 — 23.98 — 1,652,892 — 147,352
+Added: September 1 through September 30, 2022 — 944,570 — 14.39 — 944,570 133,759
+Added: Total 2,228,805 944,570 $ 23.62 $ 14.39 2,228,805 944,570 $ 133,759
Defaults Upon Senior Securities.
2 unchanged sentences
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.