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Period Number of Shares of Class A Common Stock Purchased Average Price Paid per Share Total Number of Shares of Class A Common Stock Purchased as Part of Publicly Announced Program Maximum Number of Shares of Class A Common Stock that May Yet Be Purchased Under the Program (1)
−Removed: January 1, 2022 - January 31, 2022 — $ — — 5,832,455
−Removed: February 1, 2022 - February 28, 2022 (2)
+Added: January 1, 2022 - March 31, 2022 (2)
2,050,815 $ 21.85 1,500,000 14,332,455
−Removed: March 1, 2022 - March 31, 2022 1,430,763 22.24 1,430,763 14,332,455
+Added: April 1, 2022 - April 30, 2022 260,254 23.22 260,254 14,072,201
+Added: May 1, 2022 - May 31, 2022
+Added: 855,500 23.15 855,500 13,216,701
+Added: June 1, 2022 - June 30, 2022 949,246 23.78 949,246 12,267,455
Total 4,115,815 $ 22.65 3,565,000 12,267,455
−Removed: (1) As of December 31, 2021, the Company’s board of directors had authorized a share repurchase program of up to 20.0 million shares of Class A Common Stock.
−Removed: In February 2022, the Company’s board of directors increased the share repurchase authorization by an additional 10.0 million shares of Class A Common Stock which increases total authorization to 30.0 million shares.
+Added: (1) The Company’s board of directors has authorized a share repurchase program of up to 30.0 million shares of Class A Common Stock.
The program does not require purchases to be made within a particular time frame.
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outside of the share repurchase program.
−Removed: During the three months ended March 31, 2022, outside of the share repurchase program, Magnolia LLC repurchased and subsequently canceled a total of 3.9 million Magnolia LLC Units with an equal number of shares of corresponding Class B Common Stock for cash consideration of $84.7 million at an average price of $21.46 per share.
+Added: During the six months ended June 30, 2022, outside of the share repurchase program, Magnolia LLC repurchased and subsequently canceled a total of 5.9 million Magnolia LLC Units with an equal number of shares of corresponding Class B Common Stock for cash consideration of $138.8 million at an average price of $23.32 per share.
There is no public market for the Class B Common Stock.
−Removed: For further detail, see Note 11—Stockholders’ Equity in the Notes to the Company’s consolidated financial statements included in this Quarterly Report on Form 10-Q.
+Added: For further detail, see Note 11—Stockholders’ Equity in the Notes to the Consolidated Financial Statements included in this Quarterly Report on Form 10-Q.
Defaults Upon Senior Securities
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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.