Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table summarizes repurchases of Sinclair's stock in the quarter ended June 30, 2023:
Period Total Number of Shares Purchased (a) Average Price Per Share Total Number of Shares Purchased as Part of a Publicly Announced Program Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program (in millions)
Class A Common Stock: (b)
04/01/23 - 04/30/23 4,466,375 $ 18.89 4,466,375 $ 561
05/01/23 - 05/31/23 735,434 $ 19.81 735,434 $ 547
06/01/23 - 06/30/23 — $ — — $ 547
(a) All repurchases were made in open-market transactions and were repurchased under an SEC Rule 10b5-1 plan.
(b) On August 4, 2020, the Old Sinclair Board of Directors authorized an additional $500 million share repurchase authorization in addition to the previous repurchase authorization of $1 billion. There is no expiration date and currently, management has no plans to terminate this program. As of June 30, 2023, the remaining authorization under the program was $547 million.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
None.
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.