UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
−Removed: The following table contains information about purchases of our common stock, excluding excise tax, during the second quarter of 2023:
+Added: The following table contains information about purchases of our common stock, excluding excise tax, during the third quarter of 2023:
Total number of shares of common stock purchased Average price paid per share of common stock (1)
Total number of shares of common stock purchased as part of publicly announced plan or programs Maximum number (or dollar value) of shares of common stock that may yet be purchased under the plans or programs (in thousands)
−Removed: April 1, 2023—April 30, 2023 — $ — — $ —
−Removed: May 1, 2023—May 31, 2023 4,000,000 (2) $ 10.88 4,000,000 $ 239,925
−Removed: June 1, 2023—June 30, 2023 — $ — — $ —
+Added: July 1, 2023—July 31, 2023 220,366 (2) $ 11.37 N/A N/A
+Added: August 1, 2023—August 31, 2023 541,494 (3) $ 9.85 541,494 $ 234,592
+Added: September 1, 2023—September 30, 2023 — $ — — $ 234,592
Total 761,860
(1) Excludes brokerage commissions and other costs of execution.
+Added: (2) Represents shares of common stock delivered to the Company by employees to satisfy income tax withholding obligations of the employees in connection with the vesting of restricted stock units.
(3) In April 2022, our Board of Directors approved and announced a new stock repurchase program authorizing the repurchase of up to $450 million of the Company’s outstanding common stock over the next four years.
3 unchanged sentences
The repurchase program does not obligate us to acquire any number of shares in any specific period or at all and may be amended, suspended or discontinued at any time at our discretion.
−Removed: During the three months ended June 30, 2023, the Company repurchased 4,000,000 shares of its common stock from the underwriter pursuant to the stock repurchase program in connection with a secondary offering of the Company’s common stock in May 2023 at a price of $10.88 per share for a total of $43.5 million.
−Removed: As of June 30, 2023, $239.9 million was available for additional share repurchases under the program.
+Added: During the three months ended September 30, 2023, the Company repurchased 541,494 shares on the open market at an average price of $9.85 per share, for a total of $5.3 million, excluding brokerage commissions and accrued excise tax.
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.