Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: (c) The following table summarizes our monthly Class A common stock repurchase activity during the three months ended September 30, 2025.
−Removed: Subsequent to September 30, 2025, BancShares purchased an additional 183,077 shares of Class A common stock through October 31, 2025 under the 2025 SRP.
+Added: (c) The following table summarizes our monthly Class A common stock repurchase activity during the three months ended March 31, 2026.
+Added: Subsequent to March 31, 2026, BancShares purchased an additional 102,340 shares of Class A common stock through April 30, 2026 under the 2025 SRP.
Issuer Purchases of Class A Common Stock
dollars in millions, except per share data Total Number of Class A Shares Purchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Plan Approximate Dollar Value of Shares that May Yet be Purchased Under Plan
−Removed: Repurchases from July 1 - 31, 2025 147,365 $ 2,094.63 147,365 $ 302
−Removed: Repurchases from August 1 - 31, 2025 (1)
−Removed: 157,722 1,916.88 157,722 4,000
−Removed: Repurchases from September 1 - 30, 2025 152,263 1,898.02 152,263 3,711
+Added: Repurchases from January 1 - 31, 2026 139,328 $ 2,123.69 139,328 $ 2,515
+Added: Repurchases from February 1 - 28, 2026 136,470 2,050.40 136,470 2,235
+Added: Repurchases from March 1 - 31, 2026 174,047 1,863.20 174,047 1,911
Total 449,845 $ 2,000.67 449,845 $ 1,911
−Removed: (1) Represents the final repurchases completed under the 2024 SRP.
−Removed: On July 25, 2024, BancShares announced that the Board authorized the 2024 SRP, which allowed BancShares to repurchase shares of its Class A common stock in an aggregate amount up to $3.5 billion through December 31, 2025.
−Removed: The remaining authorized amount was utilized for share repurchases during the third quarter of 2025 until the 2024 SRP was completed at the end of August 2025.
−Removed: On July 25, 2025, BancShares announced that the Board authorized the new 2025 SRP, which allows BancShares to repurchase shares of its Class A common stock in an aggregate amount up to $4.0 billion.
−Removed: Repurchases under the 2025 SRP commenced in September 2025 upon completion of the 2024 SRP at the end of August 2025 and may be made through December 31, 2026.
−Removed: Under the authorized 2025 SRP, shares of BancShares’ Class A common stock may be purchased from time to time on the open market or in privately negotiated transactions, including through a Rule 10b5-1 plan, but the Board’s action does not obligate BancShares to repurchase any minimum or particular number of shares, and repurchases may be suspended or discontinued at any time (subject to the terms of any Rule 10b5-1 plan in effect) without prior notice.
+Added: On July 25, 2025, BancShares announced that the Board authorized the 2025 SRP, which allows BancShares to repurchase shares of its Class A common stock in an aggregate amount up to $4.0 billion through December 31, 2026.
+Added: Repurchases under the 2025 SRP commenced in September 2025 after the 2024 SRP was completed.
+Added: Under the 2025 SRP, shares of BancShares’ Class A common stock may be purchased from time to time on the open market or in privately negotiated transactions, including through a Rule 10b5-1 plan, but the Board’s action does not obligate BancShares to repurchase any minimum or particular number of shares, and repurchases may be suspended or discontinued at any time (subject to the terms of any Rule 10b5-1 plan in effect) without prior notice.
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.