Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Fox Corporation's Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), and Class B Common Stock, par value $0.01 per share (the "Class B Common Stock" and, together with the Class A Common Stock, the "Common Stock"), are listed and traded on The Nasdaq Global Select Market under the symbols "FOXA" and "FOX," respectively. As of June 30, 2022, there were approximately 16,700 holders of record of shares of Class A Common Stock and approximately 4,600 holders of record of shares of Class B Common Stock.
Below is a summary of the Company's repurchases of its Class A Common Stock and Class B Common Stock during fiscal 2022:
Total number
of shares purchased (a)
Average price
paid per share (b)
Approximate dollar value of shares that may yet be purchased under the program (b)(c)
(in millions)
Total first quarter fiscal 2022
Class A Common Stock
4,740,533 $ 36.92
Class B Common Stock
2,195,707 34.16
Total second quarter fiscal 2022
Class A Common Stock 4,521,550 38.20
Class B Common Stock 2,097,244 35.52
Total third quarter fiscal 2022
Class A Common Stock 4,359,323 40.59
Class B Common Stock 1,984,188 37.29
Total fourth quarter fiscal 2022
Class A Common Stock 5,107,914 34.26
Class B Common Stock 2,421,822 31.73
Total fiscal 2022
Class A Common Stock
18,729,320 37.36
Class B Common Stock
8,698,961 34.52
27,428,281 $ 1,400
(a)
The Company has not made any purchases of Common Stock other than in connection with the publicly announced stock repurchase program described below.
(b)
These amounts exclude any fees, commissions or other costs associated with the share repurchases.
(c)
The Company's Board of Directors has authorized a $4 billion stock repurchase program, under which
the Company can repurchase Common Stock. The program has no time limit and may be modified,
suspended or discontinued at any time.
In total, the Company repurchased approximately 27 million shares of Common Stock for $1 billion during fiscal 2022.
ITEM 6. [RESERVED]
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