−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Issuer Purchases of Equity Securities
−Removed: During the second quarter of fiscal year 2024, we repurchased 7.5 million shares of our common stock for $3.28 billion.
−Removed: Since the inception of our share repurchase program, we have repurchased an aggregate of 1.11 billion shares for a total cost of $20.40 billion through July 30, 2023.
−Removed: As of July 30, 2023, we were authorized, subject to certain specifications, to repurchase shares of our common stock up to $3.95 billion.
+Added: During the third quarter and first nine months of fiscal year 2024, we repurchased 8.3 million and 15.9 million shares of our common stock for $3.72 billion and $7.01 billion, respectively.
+Added: On August 21, 2023, our Board of Directors approved an increase to our share repurchase program of an additional $25.00 billion, without expiration.
+Added: As of October 29, 2023, we were authorized, subject to certain specifications, to repurchase additional shares of our common stock up to $25.24 billion.
The repurchases can be made in the open market, in privately negotiated transactions, pursuant to a Rule 10b5-1 trading plan or in structured share repurchase programs, and can be made in one or more larger repurchases, in compliance with Rule 10b-18 of the Exchange Act, subject to market conditions, applicable legal requirements, and other factors.
The program does not obligate NVIDIA to acquire any particular amount of common stock and the program may be suspended at any time at our discretion.
−Removed: In the second quarter and first half of fiscal year 2024, we paid $99 million and $199 million, respectively, in cash dividends.
+Added: In the third quarter and first nine months of fiscal year 2024, we paid $99 million and $296 million, respectively, in cash dividends.
Our cash dividend program and the payment of future cash dividends under that program are subject to our Board of Directors' continuing determination that the dividend program and the declaration of dividends thereunder are in the best interests of our shareholders.
−Removed: The following table presents details of our share repurchase transactions during the second quarter of fiscal year 2024:
+Added: The following table presents details of our share repurchase transactions during the third quarter of fiscal year 2024:
Period Total Number
3 unchanged sentences
(In billions)
−Removed: May 1, 2023 - May 28, 2023 — $ — — $ 7.23
−Removed: May 29, 2023 - June 25, 2023 1.9 $ 420.77 1.9 $ 6.41
−Removed: June 26, 2023 - July 30, 2023 5.6 $ 440.19 5.6 $ 3.95
+Added: July 31, 2023 - August 27, 2023 2.2 $ 444.16 2.2 $ 27.95
+Added: August 28, 2023 - September 24, 2023 2.6 $ 456.81 2.6 $ 26.78
+Added: September 25, 2023 - October 29, 2023 3.5 $ 436.44 3.5 $ 25.24
Total 8.3 8.3
−Removed: On August 21, 2023, our Board of Directors approved an increase to our share repurchase program of an additional $25.00 billion, without expiration.
−Removed: From July 31, 2023 through August 24, 2023, we repurchased 2 million shares for $998 million pursuant to a Rule 10b5-1 trading plan.
−Removed: As of August 24, 2023, a total of $27.95 billion was available for repurchase.
+Added: From October 30, 2023 through November 17, 2023, we repurchased 0.8 million shares for $366 million pursuant to a Rule 10b5-1 trading plan
Restricted Stock Unit Share Withholding
−Removed: We also withhold common stock shares associated with net share settlements to cover tax withholding obligations upon the vesting of restricted stock unit awards under our employee equity incentive program.
−Removed: During the second quarter and first half of fiscal year 2024, we withheld approximately 1 million and 3 million shares, respectively, for a total value of $672 million and $1.18 billion, respectively.
+Added: We also withhold common stock shares associated with net share settlements to cover tax withholding obligations upon the vesting of RSU awards under our employee equity incentive program.
+Added: During the third quarter and first nine months of fiscal year 2024, we withheld approximately 2 million and 5 million shares, respectively, for a total value of $764 million and $1.94 billion, respectively.
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.