RELIANCE, INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds ​ We repurchase shares of our common stock from time to time pursuant to a combination of one or more open market repurchases and transactions structured through investment banking institutions in reliance upon Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934. ​ Our share repurchase activity for the third quarter of 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Maximum Dollar ​ ​ Total Number ​ Average Price ​ Shares Purchased ​ Value That May ​ ​ of Shares ​ Paid ​ as Part of Publicly ​ Yet Be Purchased Period ​ Purchased ​ Per Share ​ Announced Plan ​ Under the Plan (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ (in millions) July 1 - July 31, 2022 ​ 581,648 ​ $ 171.94 ​ 581,648 ​ $ 1,000.0 August 1 - August 31, 2022 ​ 408,719 ​ $ 191.61 ​ 408,719 ​ $ 921.7 September 1 - September 30, 2022 ​ 892,726 ​ $ 177.38 ​ 892,726 ​ $ 763.3 Total ​ 1,883,093 ​ $ 178.79 ​ 1,883,093 ​ ​ ​ (1) Share repurchases were made through a combination of one or more open market repurchases and transactions structured through investment banking institutions in reliance upon Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934. Our $1.0 billion share repurchase program authorized by our Board of Directors on July 20, 2021 had remaining repurchase authorization of $401.6 million following our July 2022 repurchases presented above. On July 26, 2022, our Board of Directors amended our share repurchase program to increase the remaining repurchase authorization to $1.0 billion. The share repurchase program does not obligate us to repurchase any specific number of shares, does not have a specific expiration date and may be suspended or discontinued at any time. Under the share repurchase plan, shares may be repurchased pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 and/or 10b-18 under the Securities Exchange Act of 1934 , in the open market, in privately negotiated transactions or otherwise. ​ ​ Item 3. Defaults Upon Senior Securities ​ None. ​ Item 4. Mine Safety Disclosures ​ Not applicable. ​