9 unchanged sentences
Period Total Number
−Removed: Repurchased (1)
−Removed: Average Price
+Added: Repurchased Average Price
Total Number of
5 unchanged sentences
Available balance as of June 30, 2024 $ 10,824,660
−Removed: July 1, 2024 - July 28, 2024 1,879 $ 102.89 1,865 10,632,816
−Removed: July 29, 2024 - August 25, 2024 3,506 $ 83.83 3,482 10,341,076
−Removed: August 26, 2024 - September 29, 2024 6,626 $ 78.73 6,605 9,821,006
Quarter ended September 29, 2024 11,952 $ 83.97 11,952 9,821,006
−Removed: (1) During the three months ended September 29, 2024, we acquired 59 thousand shares at a total cost of $5.2 million, which we withheld through net share settlements to cover minimum tax withholding obligations upon the vesting of restricted stock unit awards granted under our equity compensation plans.
−Removed: The shares retained by us through these net share settlements are not a part of the Board-authorized repurchase program but instead are authorized under our equity compensation plan.
+Added: September 30, 2024 - October 27, 2024 5,595 $ 79.31 5,595 9,377,293
+Added: October 28, 2024 - November 24, 2024 1,212 $ 74.89 1,212 9,286,532
+Added: November 25, 2024 - December 29, 2024 1,529 $ 75.83 1,529 9,170,561
+Added: Quarter ended December 29, 2024 8,336 $ 78.03 (2) 8,336 $ 9,170,561
+Added: Lam Research Corporation 2025 Q2 10-Q 37
(1) Our net share repurchases are subject to a 1% excise tax under the Inflation Reduction Act.
Excise tax incurred reduces the amount available under repurchase programs, as applicable, and is included in the cost of shares repurchased in the Condensed Consolidated Statement of Stockholders’ Equity and the calculation of the average price paid per share.
−Removed: (3) Average price paid per share presented is for the quarter ended September 29, 2024.
−Removed: Lam Research Corporation 2025 Q1 10-Q 35
+Added: (2) Average price paid per share presented is for the quarter ended December 29, 2024.
Defaults Upon Senior Securities
2 unchanged sentences
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.