Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Repurchase of Class A Common Stock
Period Total Number of Shares Purchased (1)
Average Price per Share (2)
Total Number of Shares Purchased as Part of Publicly Announced Plan (1)
Maximum number (or approximate dollar value) of Shares that May Yet be Purchased under the Plans (in thousands) (1)
July 1 to July 31, 2025 2,131,547 $ 42.10 2,131,547 $ 331,949
August 1 to August 31, 2025 240,789 $ 42.61 240,789 $ 321,689
September 1 to September 30, 2025 — $ — — $ 321,689
(1) In February 2023, our Board of Directors approved the Stock Repurchase Program (“Repurchase Program”) for the repurchase of up to $100.0 million of our outstanding Class A common stock. In May 2025, our Board of Directors approved a $400.0 million increase to the previously announced Repurchase Program, pursuant to which we are authorized to repurchase the Company’s Class A Common Stock for an aggregate purchase price of up to $500.0 million. Repurchases may be made at management’s discretion from time to time, in accordance with applicable securities laws, on the open market or through privately negotiated transactions and may be made pursuant to a trading plan meeting the requirements of Rule 10b5-1 under the Exchange Act.
(2) Average price paid per share included commission to repurchase shares.
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