Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES
(a) Recent Sales of Unregistered Equity Securities
There have been no sales of unregistered securities by the Company in the quarter ended July 31, 2026 .
(b) Use of Proceeds
None.
(c) Issuer Purchases of Equity Securities
The following table sets forth information regarding repurchases of our Class A common stock during the three months ended July 31, 2026:
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions)
May 1 – 31, 2026
0
$
—
0
$
350.0
June 1 – 30, 2026
1,878,389
$
28.22
1,878,389
$
296.9
July 1 – 31, 2026
1,583,016
$
32.59
1,583,016
$ 245.3
Total
3,461,405
$ 30.21 3,461,405
(1) On March 2, 2026, our Board of Directors authorized the repurchase of up to $400.0 million of our Class A common stock (the "2026 Repurchase Program"). Repurchases of our Class A common stock may be effected, from time to time, either on the open market (including pre-set trading plans), in privately negotiated transactions, and other transactions in accordance with applicable securities laws. The 2026 Repurchase Program does not obligate us to acquire any particular amount of Class A common stock, and the 2026 Repurchase Program may be suspended or discontinued at any time at our discretion. All repurchased shares were immediately retired upon settlement. Average price paid per share includes broker commissions; no excise tax is included in the average price per share. As of July 31, 2026, $245.3 million remained available for repurchase under the 2026 Repurchase Program. See “Note 9. Equity” of this Quarterly Report on Form 10-Q for additional information related to share repurchases
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
None.
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