21 unchanged sentences
Recent Sales of Unregistered Securities
−Removed: Sales of unregistered equity securities made during fiscal 2022 were disclosed on our Quarterly Reports on Form 10-Q for the quarters ended May 1, 2021;
−Removed: July 31, 2021;
−Removed: and October 30, 2021.
In fiscal 2023, on December 2, 2022, the Company acquired all the equity interests of a private company for cash and stock.
2 unchanged sentences
There were no sales of unregistered equity securities during fiscal 2024.
+Added: On December 2, 2024, the Company announced that it has expanded its strategic collaboration with a customer, and in connection therewith the Company and the customer entered into a warrant and related transaction agreement under which, among other things, the Company agreed to issue to an affiliate of the customer (“Warrantholder”), a warrant (the “Warrant”) to acquire up to 4.2 million shares (the “Warrant Shares”) of Company common stock.
+Added: Approximately 3.9 million Warrant Shares vest based on Company revenue through January 5, 2030 from Customer purchases of Company products, indirectly or directly, of which approximately 2.7 million Warrant Shares are for revenue from the Company’s custom artificial intelligence products and approximately 1.2 million Warrant Shares are for revenue from the Company’s other products.
+Added: The balance of the Warrant Shares either vested upon issuance of the Warrant or are subject to time-based vesting.
+Added: Subject to certain conditions, including vesting, the Warrant has a seven-year term and may be exercised, in whole or in part and for cash or on a net exercise basis, at any time before December 2, 2031, at a purchase price per share of Common Stock equal to $87.77 (the “Exercise Price”).
+Added: The Exercise Price and the Warrant Shares issuable are subject to customary antidilution adjustments.
+Added: The Warrant and the Warrant Shares have not been registered under the Act, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and rules and regulations of the U.S.
+Added: Securities and Exchange Commission promulgated thereunder.
+Added: After the issuance of the Warrant, the customer sent the Company a notice of request to file shelf registration statement in accordance with the terms of the transaction agreement.
Issuer Purchases of Equity Securities
−Removed: We resumed our stock repurchase program in the first quarter of fiscal 2023, which had been temporarily suspended in fiscal 2021 to preserve cash during the COVID-19 pandemic.
The following table presents details of our stock repurchases during the three months ended February 1, 2025 (in millions, except per share data):
Period (1) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plan or Programs (2)
−Removed: October 29, 2023 to November 25, 2023
−Removed: — $ — — $ 399.5
−Removed: November 26, 2023 to December 23, 2023
−Removed: — $ — — $ 399.5
+Added: November 3, 2024 to November 30, 2024 — $ — — $ 2,774.5
+Added: December 1, 2024 to December 28, 2024 0.2 $ 112.21 0.2 $ 2,754.5
December 29, 2024 to February 1, 2025 1.5 $ 117.03 1.5 $ 2,574.5
−Removed: 1.6 $ 62.72 1.6 $ 299.5
Total 1.7 $ 116.53 1.7
−Removed: (1) The monthly periods presented above for the three months ended February 3, 2024, are based on our fiscal accounting periods which followed a 4-4-6 week fiscal accounting period for the three months ended February 3, 2024.
−Removed: (2) On November 17, 2016, we announced that our Board of Directors had authorized a $1.0 billion stock repurchase plan with no fixed expiration.
+Added: (1) The monthly periods presented above for the three months ended February 1, 2025, are based on our fiscal accounting periods which followed a 4-4-5 week fiscal accounting period.
+Added: (2) On November 17, 2016, we announced that our Board of Directors had authorized a $1.0 billion stock repurchase program with no fixed expiration.
The stock repurchase program replaced in its entirety the prior $3.3 billion stock repurchase program.
−Removed: On October 16, 2018, we announced that our Board of Directors authorized a $700.0 million addition to the balance of our existing stock repurchase plan.
−Removed: Our existing stock repurchase program had approximately $304.0 million of repurchase authority remaining as of October 16, 2018 prior to the approved addition.
−Removed: We intend to effect stock repurchases in accordance with the conditions of Rule 10b-18 under the Exchange Act, but may also make repurchases in the open market outside of Rule 10b-18 or in privately negotiated transactions.
−Removed: The stock repurchase program will be subject to market conditions and other factors and does not obligate us to repurchase any dollar amount or number of shares of our common stock and the repurchase program may be extended, modified, suspended or discontinued at any time.
−Removed: Subsequent to fiscal year end, in March 2024, our Board of Directors increased the repurchase program mentioned above and authorized an additional $3.0 billion to that repurchase program.
−Removed: From August 2010 when our Board of Directors initially authorized a stock repurchase program through February 3, 2024, a total of 312.9 million shares have been repurchased under the Company’s stock repurchase program for a total $4.5 billion in cash and $299.5 million remains available for future stock repurchases.
−Removed: Subsequent to fiscal year end, with the additional authorized $3.0 billion to the repurchase program, $3.3 billion remains available for future stock repurchases as of March 6, 2024.
+Added: On October 16, 2018, we announced that our Board of Directors authorized a $700.0 million addition to the balance of our existing stock repurchase program.
+Added: On March 7, 2024, we announced that our Board of Directors authorized a $3.0 billion addition to the balance of its existing stock repurchase program.
+Added: The stock repurchase program will be subject to market conditions, legal rules and regulations, and other factors and does not obligate us to repurchase any dollar amount or number of shares of our common stock and the repurchase program may be extended, modified, suspended or discontinued at any time.
+Added: From August 2010 when our Board of Directors initially authorized a stock repurchase program through February 1, 2025, a total of 321.9 million shares have been repurchased under the Company’s stock repurchase program for a total $5.3 billion in cash and $2.6 billion remains available for future stock repurchases.
Our stock repurchase program is subject to market conditions, legal restrictions and regulations, and other factors, and does not obligate the Company to repurchase any dollar amount or number of shares of its common stock and the repurchase program may be extended, modified, suspended or discontinued at any time.
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.