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 Exchange Act. ​ 21 Table of Contents Our share repurchase activity for the first quarter of 2023 was 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) January 1 - January 31, 2023 ​ 3,860 ​ $ 199.85 ​ 3,860 ​ $ 680.0 February 1 - February 28, 2023 ​ 52,190 ​ $ 245.06 ​ 52,190 ​ $ 667.2 March 1 - March 31, 2023 ​ 104,174 ​ $ 243.35 ​ 104,174 ​ $ 641.8 Total ​ 160,224 ​ $ 242.86 ​ 160,224 ​ ​ ​ (1) 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. ​