Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
2(a): Unregistered Sales of Equity Securities and Use of Proceeds
None.
2(b): Use of Proceeds from Registered Securities
None.
2(c): Purchases of Equity Securities
During the three months ended March 31, 2026, repurchases made pursuant to our stock repurchase program were as follows:
Period Total number of shares purchased (1)
Weighted average price paid per share (2)
Total number of shares purchased as part of publicly announced plans or programs (3)
Maximum number (or approximate dollar value) of common shares that may yet be purchased under the plans or programs
(in millions) (3)
January 1, 2026 through January 31, 2026 — $ — — $ 275
February 1, 2026 through February 28, 2026 224,117 $ 11.30 — $ 275
March 1, 2026 through March 31, 2026 749 $ 11.17 — $ 275
Total 224,866 —
_____________________________________
(1) The number of shares purchased represents shares of common stock surrendered by certain of our employees to satisfy their federal and state tax obligations associated with the vesting of restricted common stock.
(2) The weighted average price paid per share for shares of common stock surrendered by certain employees is based on the closing price of our common stock on the trading date immediately prior to the date of delivery of the shares.
(3) On February 14, 2025, our Board of Directors authorized and approved a $300 million stock repurchase program, which expires on February 19, 2027.
Item 3. Defaults Upon Senior Securities.
Not applicable.
28
Table of Content s
Item 4. Mine Safety Disclosures.
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.