Grand Canyon Education, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Recent Sales of Unregistered Securities None. 29 Table of Contents 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 $1,845.0 million. The current expiration date on the repurchase authorization by our Board of Directors is December 31, 2023. 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 six months ended June 30, 2023, 728,410 shares of common stock were repurchased by the Company. At June 30, 2023, there remains $115.6 million available under our share repurchase authorization . 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 second quarter of fiscal 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ April 1, 2023 – April 30, 2023 91,860 ​ $ 116.44 91,860 ​ $ 150,200,000 May 1, 2023 – May 30, 2023 144,549 ​ $ 109.63 144,549 ​ $ 134,400,000 June 1, 2023 – June 30, 2023 182,023 ​ $ 103.17 182,023 ​ $ 115,600,000 Total 418,432 ​ $ 108.31 418,432 ​ $ 115,600,000 Tax Withholdings ​ ​ April 1, 2023 – April 30, 2023 — ​ $ — — ​ $ — May 1, 2023 – May 30, 2023 — ​ $ — — ​ $ — June 1, 2023 – June 30, 2023 — ​ $ — — ​ $ — Total — ​ $ — — ​ $ — ​ ​ Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures None.