Item 2. Unregistered Sales of Equity Securities
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds.
The Company did not make any unregistered sales of equity securities during the third quarter of 2025.
A summary of the Company’s stock repurchase activity for the third quarter of 2025 is as follows:
Period
Total Number
of Shares
Purchased
(1)(2)(3)(4)
Average
Price Paid
Per Share
(1)
Total Number
of Shares
Purchased as
Part of a
Publicly
Announced
Plans or
Programs (2)
Approximate
Dollar Value of
Shares that May
Yet be Purchased
Under the Plans
or Programs (3)
July 1 – July 31, 2025
-
-
-
-
August 1 – August 31, 2025
46,931
57.00
(5)
46,931
75,972,983
September 1 – September 30, 2025
116,411
56.21
(6)
116,411
69,425,753
Total
163,342
163,342
(1)
The calculation of the average price paid per share does not give effect to any fees, commissions or other costs associated with the repurchase of such shares.
(2)
The shares represent Class A Common Stock and/or Class B Common Stock repurchased by the Company.
(3)
On December 2, 2024, we announced the approval of a new stock repurchase program, effective December 3, 2024, authorizing management to repurchase, from time to time, up to an aggregate of $150.0 million of our shares of Class A common stock and/or Class B common stock.
(4)
On May 29, 2025, we announced the approval of a $50.0 million increase to the stock repurchase program, effective May 29, 2025, authorizing management to repurchase, from time to time, up to an aggregate of $200.0 million of our shares of Class A common stock and/or Class B common stock.
(5)
Represents 46,931 shares of Class A Common Stock at an average price paid per share of $57.00.
(6)
Represents 68,019 shares of Class A Common Stock at an average price paid per share of $55.36 and 48,392 shares of Class B Common Stock at an average price paid per share of $57.41.
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Table of Contents
ITEM 3. Defaults Upon Senior Securities.
Not Applicable
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.