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 (2019 Program). We began r epurchasing shares under the authorization during the first quarter of 2020. On August 11, 2021, our Board of Directors authorized a new, $15 billion share repurchase program with no stated expiration (2021 Program). We expect to begin repurchasing shares under the 2021 Program upon completion of the 2019 Program. Under the 2019 Program, we have repurchased 17.2 million shares of common stock at an average price of $184.62 , for a total investment of $3.2 billion . The table below presents information with respect to Target common stock purchases made during the three month s ended July 31, 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
May 2, 2021 through May 29, 2021
Open market and privately negotiated purchases 1,548,804 $ 211.66 1,548,804 $ 3,023,026,963
May 30, 2021 through July 3, 2021
Open market and privately negotiated purchases 2,934,662 233.31 2,934,662 2,338,345,656
July 4, 2021 through July 31, 2021
Open market and privately negotiated purchases 2,081,640 250.98 2,081,640 1,815,885,962
Total 6,565,106 $ 233.81 6,565,106 $ 1,815,885,962
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
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