Grand Canyon Education, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Recent Sales of Unregistered Securities None. Purchases of Equity Securities by the Issuer and Affiliated Purchasers Our Board of Directors has authorized under its existing stock repurchase program, an aggregate authorization for share repurchases since the initiation of the program of $1,645.0 million. The current expiration date on the repurchase authorization by our Board of Directors is December 31, 2022. Repurchases occur at the Company’s discretion and the Company may modify, suspend or discontinue the repurchase authorization at any time. Repurchases may be made in the open market or in privately negotiated transactions, pursuant to the applicable Securities and Exchange Commission rules. The amount and timing of future share repurchases, if any, will be made as market and business conditions warrant. During the three months ended March 31, 2022, 4,575,048 shares of common stock were repurchased by the Company. At March 31, 2022, there remains $200.5 million available under our share repurchase authorization . 30 Table of Contents ​ The following table sets forth our share repurchases of common stock and our share repurchases in lieu of taxes, which are not included in the repurchase plan totals as they were approved in conjunction with the restricted share awards, during each period in the first quarter of fiscal 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Maximum Dollar ​ ​ ​ ​ ​ ​ ​ Shares Purchased as ​ Value of Shares ​ ​ ​ ​ Average ​ Part of Publicly ​ That May Yet Be ​ ​ Total Number of ​ Price Paid ​ Announced ​ Purchased Under Period ​ Shares Purchased ​ Per Share ​ Program ​ the Program Share Repurchases ​ ​ January 1, 2022 – January 31, 2022 1,685,637 ​ $ 85.83 1,685,637 ​ $ 450,700,000 February 1, 2022 – February 28, 2022 1,807,066 ​ $ 82.53 1,807,066 ​ $ 301,600,000 March 1, 2022 – March 31, 2022 1,082,345 ​ $ 93.42 1,082,345 ​ $ 200,500,000 Total 4,575,048 ​ $ 86.32 4,575,048 ​ $ 200,500,000 Tax Withholdings ​ ​ January 1, 2022 – January 31, 2022 — ​ $ — — ​ $ — February 1, 2022 – February 28, 2022 — ​ $ — — ​ $ — March 1, 2022 – March 31, 2022 52,446 ​ $ 88.19 — ​ $ — Total 52,446 ​ $ 88.19 — ​ $ — ​ ​ Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures None.