UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: In August 2022, the Company terminated the previous four-year, $15 billion share repurchase program approved by the Board of Directors in June 2018.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: All share repurchases were made under NIKE's publicly announced programs, 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 August 31, 2022:
+Added: In June 2022, the Board of Directors approved a four-year, $18 billion share repurchase program.
+Added: As of November 30, 2022, the Company had repurchased 19.0 million shares at an average price of $99.28 per share for a total approximate cost of $1.9 billion under the program.
+Added: All share repurchases were made under NIKE's publicly announced program, 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 November 30, 2022:
PERIOD TOTAL NUMBER OF SHARES PURCHASED AVERAGE PRICE
2 unchanged sentences
MAY YET BE PURCHASED
−Removed: UNDER THE PLANS
+Added: UNDER THE PLAN
(IN MILLIONS)
−Removed: June 1 - June 30, 2022 2,947,270 $ 112.23 $ 6,006
−Removed: July 1 - July 31, 2022 2,961,287 $ 106.71 $ 5,690
−Removed: August 1 - August 31, 2022 3,053,679 $ 112.75 $ 17,719
+Added: September 1 - September 30, 2022 3,280,909 $ 102.26 $ 17,383
+Added: October 1 - October 31, 2022 5,602,879 $ 89.77 $ 16,880
+Added: November 1 - November 30, 2022 7,631,068 $ 100.65 $ 16,112
16,514,856 $ 97.28
4 unchanged sentences
4.2 Fifth Restated Bylaws, as amended (see Exhibit 3.2).
+Added: 10.1 NIKE, Inc.
+Added: Employee Stock Purchase Plan, as amended (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on September 14, 2022).
31.1 Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.
15 unchanged sentences
Chief Financial Officer and Authorized Officer
−Removed: October 6, 2022
+Added: January 5, 2023
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.