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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, 2024 - March 31, 2024 2,350,000 $ 22.28 2,350,000 6,868,105
−Removed: April 1, 2024 - June 30, 2024 1,000,000 25.94 1,000,000 5,868,105
−Removed: July 1, 2024 - July 31, 2024 549,757 26.26 549,757 5,318,348
−Removed: August 1, 2024 - August 31, 2024 913,793 24.72 913,793 4,404,555
−Removed: September 1, 2024 - September 30, 2024
−Removed: 486,450 24.05 486,450 3,918,105
+Added: January 1, 2025 - January 31, 2025 500,000 $ 25.09 500,000 1,243,105
+Added: February 1, 2025 - February 28, 2025 585,000 23.71 585,000 10,658,105
+Added: March 1, 2025 - March 31, 2025 1,065,000 24.00 1,065,000 9,593,105
Total 2,150,000 $ 24.18 2,150,000 9,593,105
−Removed: (1) The Company’s board of directors has authorized a share repurchase program of up to 40.0 million shares of Class A Common Stock.
+Added: (1) As of December 31, 2024, the Company’s board of directors had authorized a share repurchase program of up to 40.0 million shares of Class A Common Stock.
The program does not require purchases to be made within a particular time frame.
−Removed: During the nine months ended September 30, 2024, outside of the share repurchase program, Magnolia LLC repurchased and subsequently canceled a total of 3.5 million Magnolia LLC Units with an equal number of shares of corresponding Class B Common Stock for cash consideration of $89.7 million at an average price of $25.62 per share.
−Removed: There is no public market for the Class B Common Stock.
−Removed: For further detail, see Note 10—Stockholders’ Equity in the notes to the consolidated financial statements included in this Quarterly Report on Form 10-Q.
+Added: On February 12, 2025, the Company’s board of directors increased the share repurchase authorization by an additional 10.0 million shares of Class A Common Stock, which increased the total share repurchase authorization to 50.0 million shares.
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.