Magnolia Oil & Gas Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table sets forth the Company’s share repurchase activities for each period presented: 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) January 1, 2022 - March 31, 2022 (2) 2,050,815 $ 21.85 1,500,000 14,332,455 April 1, 2022 - April 30, 2022 260,254 23.22 260,254 14,072,201 May 1, 2022 - May 31, 2022 855,500 23.15 855,500 13,216,701 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 (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. (2) The Company repurchased 0.6 million shares of Class A Common Stock for $11.6 million in a privately negotiated transaction with EnerVest Energy Institutional Fund XIV-C, L.P. outside of the share repurchase program. 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. 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. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.