10 unchanged sentences
The following table summarizes share repurchase activity for the three months ended December 31, 2025:
−Removed: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs Maximum Number (or approximate dollar value) of Shares that May Yet be Purchased Under the Program (in millions)
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Program (in millions)
October 1 - October 31, 2025 — $ — — $ —
2 unchanged sentences
December 1 - December 31, 2025 268,275 (1)
−Removed: Total 221,821 —
$ 87.80 — $ —
−Removed: (1) As disclosed in Note 2, Capital structure and noncontrolling interests in the consolidated financial statements included in this Annual Report, one of the Company’s Put Options was settled in November 2024.
−Removed: As a result of this settlement, 221,821 shares of common stock were repurchased at an above-market price.
+Added: Total 1,326,603 —
+Added: (1) Certain of the Company’s Put Options were settled during the three months ended December 31, 2025.
+Added: As a result of this settlement, certain shares of common stock were repurchased at an above-market price.
+Added: Additionally, during December 2025, the Company repurchased certain shares of common stock at market value.
+Added: For further information, see Note 2, Capital structure and noncontrolling interests in the consolidated financial statements included in this Annual Report.
Recent Sales of Unregistered Securities
We sold no unregistered securities that have not been previously included in a Quarterly Report on Form 10-Q.
−Removed: Use of Proceeds
−Removed: On July 26, 2024, our registration statement on Form S-11 (File No.
−Removed: 333-280470), as amended, was declared effective by the SEC.
−Removed: There has been no material change in the use of proceeds from our IPO as described in the Prospectus.
Performance Graph
1 unchanged sentence
All share price performance assumes an initial investment of $100 at the beginning of the period and assumes the reinvestment of dividends.
−Removed: As the Company’s common stock began trading on July 26, 2024, an investment of $100 is assumed to have been made on that date, and its relative performance is tracked through December 31, 2024.
+Added: As the Company’s common stock began trading on July 26, 2024, an investment of $100 is assumed to have been made on that date, and its relative
+Added: performance is tracked through December 31, 2025.
The returns shown on the below graph are not necessarily indicative of future performance.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.