Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) None
(b) None
(c) Purchases of Equity Securities by the Issuer
The following table presents information related to the repurchases of our common stock during the quarter ended July 3, 2026.
Period Total Number
of Shares (1)
(or Units)
Purchased
Average Price
Paid per
Share (or Unit) Total Number of
Shares (or Units)
Purchased as Part of
Publicly Announced
Repurchase Plans
or Programs (2)
Maximum Number
of Shares (or Units)
that May Yet Be
Purchased Under the
Plans or Programs (2)
April 4, 2026 - April 30, 2026 — $ — — 512,468
May 1, 2026 - May 31, 2026 512,469 (3)
128.04 512,469 —
June 1, 2026 - June 30, 2026 31,440 107.12 — —
July 1, 2026 - July 3, 2026 — — — —
Total 543,909 $ 126.83 512,469
(1) The total number of shares purchased includes shares surrendered to satisfy statutory tax withholding obligations related to vesting of restricted stock units.
(2) In February 2022, our Board of Directors authorized a share repurchase program of up to 20 million shares of our outstanding common stock. The shares may be repurchased from time to time in one or more open market repurchases or privately negotiated transactions, including accelerated share repurchase transactions. The actual timing, number and value of shares repurchased under the program will depend on a number of factors, including the market price of our common stock, general market and economic conditions, applicable legal requirements, compliance with the terms of our outstanding indebtedness and other considerations. There is no assurance as to the number of shares that will be repurchased, and the repurchase program may be suspended or discontinued at any time at our Board of Directors' discretion. In July 2026, our Board of Directors authorized a revised share repurchase program of up to 20 million shares of our outstanding common stock. This updated authorization replaced the 2022 authorization with the same terms as the 2022 authorization.
(3) On July 31, 2026, our Board of Directors ratified the purchase of one share of common stock inadvertently purchased in excess of the previously authorized share repurchase program.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
32
Leidos Holdings, Inc.
Table of Contents
PART II—OTHER INFORMATION
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.