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 (2019 Program). On August 11, 2021, our Board of Directors authorized a new, $15 billion share repurchase program with no stated expiration (2021 Program). We began repurchasing shares under the 2021 Program during the third quarter of 2021 upon completion of the 2019 Program. Under the 2019 Program, we repurchased 24.5 million shares of common stock at an average price of $203.82 , for a total investment of $5.0 billion . Under the 2021 Program, we repurchased 1.6 million shares of common stock at an average price of $235.22 , for a total investment of $368 million. The table below presents information with respect to Target common stock purchases made during the three month s ended October 30, 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
August 1, 2021 through August 28, 2021
Open market and privately negotiated purchases 2,952,200 $ 255.68 2,952,200 $ 16,061,054,829
August 29, 2021 through October 2, 2021
Open market and privately negotiated purchases 4,380,548 244.84 4,380,548 14,988,537,728
October 3, 2021 through October 30, 2021
Open market and privately negotiated purchases 1,517,041 235.18 1,517,041 14,631,757,193
Total 8,849,789 $ 246.80 8,849,789 $ 14,631,757,193
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
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