Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table provides information relating to our repurchase of common stock, excluding excise tax, during the three months ended November 30, 2025:
Period Total Number of
Shares Purchased (1)
Average Price
Paid per Share Total Number of Shares Purchased
as Part of Publicly Announced
Program (2)
Approximate Dollar Value of Shares
that May Yet Be Purchased Under
the Program (in millions) (2)
September 1, 2025 – September 30, 2025 410,588 $ 212.30 410,588 $ 913
October 1, 2025 – October 31, 2025 1,335,916 $ 204.77 1,021,680 $ 700
November 1, 2025 – November 30, 2025 100 $ 189.92 100 $ 700
Total 1,746,604 $ 206.54 1,432,368
(1) The purchases include amounts that are attributable to 314,236 shares surrendered to us by employees to satisfy, in connection with the vesting of restricted stock unit awards, their tax withholding obligations.
(2) In July 2025, our Board of Directors authorized the repurchase of up to $1.0 billion of our common stock as publicly announced in a press release on July 17, 2025 (the “2026 Share Repurchase Program”). For more information, see “Liquidity and Capital Resources - Dividends and Share Repurchases”.
In December 2024, we issued a warrant to Amazon.com NV Investment Holdings LLC to acquire up to 1,158,539 of our ordinary shares as reported in a Current Report on Form 8-K filed on January 3, 2025. Refer to Note 10 – “Stockholders’ Equity” to the Condensed Consolidated Financial Statements for further details.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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