DigitalBridge Group, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Purchases of Equity Securities by Issuer and Affiliated Purchasers Pursuant to a stock repurchase program authorized by our board of directors and announced in July 2022, the Company may repurchase up to $200 million of its outstanding shares of class A common stock and/or preferred stock through various methods, including open market repurchases, negotiated block transactions, accelerated share repurchases, open market solicitations and Rule 10b5-1 plans. The stock repurchase program expired in June 2023. The following table presents information related to purchases of the Company's Series H, I and J preferred stock during the quarter ended June 30, 2023: Period Total Number of Preferred Shares Purchased Weighted Average Price Paid Per Preferred Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Approximate Dollar Value that May Yet Be Purchased Under the Program ($ in thousands) April 1 through April 30, 2023 232,485 $ 20.20 232,485 $ 87,683 May 1 through May 31, 2023 — — — 87,683 June 1 through June 30, 2023 — — — — Total (1) 232,485 $ 20.20 232,485 $ — _______ (1) Represent stock purchases pursuant to the repurchase program described above that expired in June 2023. 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. In the second quarter of 2023, in satisfaction of redemption request by a former employee OP Unit holder, 253,084 shares of our class A common stock were issued to the former employee. 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. Item 3. Defaults Upon Senior Securities. None. Item 4. Mine Safety Disclosures. Not applicable.