UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: In June 2018, the Board of Directors approved a four-year, $15 billion share repurchase program.
−Removed: As of February 28, 2022, the Company had repurchased 68.9 million shares at an average price of $110.31 per share for a total approximate cost of $7.6 billion under this program.
−Removed: All share repurchases were made under NIKE's publicly announced program, and there are no other programs under which the Company repurchases shares.
−Removed: The following table presents a summary of share repurchases made during the quarter ended February 28, 2022:
+Added: In August 2022, the Company terminated the previous four-year, $15 billion share repurchase program approved by the Board of Directors in June 2018.
+Added: Prior to the program's termination, the Company purchased 6.5 million shares at an average price of $109.85 per share for a total approximate cost of $710.0 million during the first quarter of fiscal 2023 and 83.8 million shares at an average price of $111.82 per share for a total approximate cost of $9.4 billion during the term of this program.
+Added: Upon termination of the $15 billion program, the Company began purchasing shares under a new four-year, $18 billion share repurchase program authorized by the Board of Directors in June 2022.
+Added: As of August 31, 2022, the Company had repurchased 2.5 million shares at an average price of $112.48 per share for a total approximate cost of $281.1 million under the new program.
+Added: All share repurchases were made under NIKE's publicly announced programs, and there are no other programs under which the Company repurchases shares.
+Added: The following table presents a summary of share repurchases made during the quarter ended August 31, 2022:
PERIOD TOTAL NUMBER OF SHARES PURCHASED AVERAGE PRICE
4 unchanged sentences
(IN MILLIONS)
−Removed: December 1 — December 31, 2021 2,016,185 $ 167.00 $ 8,284
−Removed: January 1 — January 31, 2022 2,619,600 $ 149.40 $ 7,893
−Removed: February 1 — February 28, 2022 3,455,583 $ 143.00 $ 7,399
+Added: June 1 - June 30, 2022 2,947,270 $ 112.23 $ 6,006
+Added: July 1 - July 31, 2022 2,961,287 $ 106.71 $ 5,690
+Added: August 1 - August 31, 2022 3,053,679 $ 112.75 $ 17,719
8,962,236 $ 110.58
4 unchanged sentences
4.2 Fifth Restated Bylaws, as amended (see Exhibit 3.2).
−Removed: 10.1 Credit Agreement, dated as of March 11, 2022, among NIKE, Inc., Bank of America, N.A., as Administrative Agent, and the other Banks named therein (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed March 14, 202 2 ).
−Removed: 10.2 Credit Agreement, dated as of March 11, 2022, among NIKE, Inc., Bank of America, N.A., as Administrative Agent, and the other Banks named therein (incorporated by reference to Exhibit 10.
−Removed: 2 to the Company's Current Report on Form 8-K filed March 14, 202 2 ).
31.1 Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.
15 unchanged sentences
Chief Financial Officer and Authorized Officer
−Removed: April 5, 2022
+Added: October 6, 2022
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.