SCHOLASTIC CORP 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table provides information with respect to repurchases of shares of Common Stock by the Corporation during the three months ended February 28, 2026: Issuer Purchases of Equity Securities (Dollars in millions, except per share amounts) Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Maximum number of shares (or approximate dollar value) that may yet be purchased under the plans or programs (i) December 1, 2025 through December 31, 2025 593,121 $29.61 593,121 $132.4 January 1, 2026 through January 31, 2026 2,259,906 $33.66 2,259,906 $56.3 February 1, 2026 through February 28, 2026 1,086,550 $33.87 1,086,550 $19.5 Total 3,939,577 3,939,577 $19.5 (i) Represents the amount remaining at February 28, 2026 under the Board authorization for Common share repurchases announced on December 17, 2025, which is available for further repurchases, from time to time as conditions allow, on the open market or through privately negotiated transactions. See Note 14 of Notes to Condensed Consolidated Financial Statements - unaudited in Item 1, “Financial Statements,” for a description of the Company’s share buy-back program and share repurchase authorizations. Subsequent to February 28, 2026, the Board authorized an increase of $297.0 million for common stock repurchases, resulting in a current Board authorization of $300.0 million, which includes the remaining amount from the previous Board authorization, less repurchases of $16.5 million made subsequent to February 28, 2026. See Note 20, "Subsequent Events," of Notes to the Financial Statements - Unaudited in Item 1, "Financial Statements," for more information regarding the increased authorization. 43 SCHOLASTIC CORPORATION