3 unchanged sentences
The actual number of stockholders is significantly greater than this number of record holders, and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
−Removed: DIVIDEND POLICY
−Removed: We have never paid any cash dividends and we currently do not anticipate paying any cash dividends in the foreseeable future.
+Added: In October 2025, we announced that our Board of Directors approved the initiation of a quarterly cash dividend program and declared a cash dividend of $0.14 per share on our common stock, totaling approximately $130 million.
+Added: The dividend was payable on December 10, 2025, to stockholders of record of our common stock as of the close of business on November 19, 2025.
+Added: We currently expect to continue to pay comparable cash dividends on a quarterly basis in the future;
+Added: however, payments in future quarters will be subject to and contingent upon market conditions and approval by our Board of Directors at its sole discretion.
STOCK REPURCHASE ACTIVITY
1 unchanged sentence
In February 2025, our Board of Directors authorized an additional stock repurchase program that provides for the repurchase of up to $15.0 billion of our common stock, with no expiration from the date of authorization.
+Added: This program became effective in the fourth quarter of 2025 upon completion of the June 2022 stock repurchase program.
Our stock repurchase programs are intended to offset the impact of dilution from our equity compensation programs and, subject to market conditions and other factors, may also be used to make opportunistic repurchases of our common stock to reduce outstanding share count.
2 unchanged sentences
We may terminate our stock repurchase programs at any time without prior notice.
−Removed: The stock repurchase activity under our stock repurchase program during the three months ended December 31, 2024 is summarized as follows:
+Added: The stock repurchase activity under our stock repurchase programs during the three months ended December 31, 2025 is summarized below:
Total number of shares purchased Average price
12 unchanged sentences
(1) Average price paid per share for open market purchases includes broker commissions, but excludes excise tax.
+Added: FY 2025 FORM 10-K
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.