Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On September 19, 2019, our Board of Directors authorized a $5 billion share repurchase program with no stated expiration. We began r epurchasing shares under the authorization during the first quarter of 2020. Under the program, we have repurchased 10.7 million shares of common stock at an average price of $154.39 , for a total investment of $1.6 billion . The table below presents information with respect to Target common stock purchases made during the three month s ended May 1, 2021, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
Share Repurchase Activity Total Number
of Shares
Purchased Average
Price
Paid per
Share Total Number of
Shares Purchased
as Part of Publicly Announced Programs Dollar Value of
Shares that May
Yet Be Purchased
Under Publicly Announced Programs
Period
January 31, 2021 through February 27, 2021
Open market and privately negotiated purchases 1,643,873 $ 187.16 1,643,873 $ 4,208,486,088
February 28, 2021 through April 3, 2021
Open market and privately negotiated purchases 2,381,931 180.85 2,381,931 3,777,714,147
April 4, 2021 through May 1, 2021
Open market and privately negotiated purchases 2,082,677 204.96 2,082,677 3,350,843,436
Total 6,108,481 $ 190.77 6,108,481 $ 3,350,843,436
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
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