Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On August 11, 2021, our Board of Directors authorized a $15 billion share repurchase program with no stated expiration. Under the program, we have repurchased 11.3 million shares of common stock at an average price of $236.64, for a total investment of $2.7 billion, excluding the March 2022 ASR because the transaction was not fully settled as of April 30, 2022. The table below presents information with respect to Target common stock purchases made during the three months ended April 30, 2022, 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 30, 2022 through February 26, 2022
Open market and privately negotiated purchases — $ — — $ 12,326,055,745
February 27, 2022 through April 2, 2022
Open market and privately negotiated purchases 47,934 208.60 47,934 12,316,056,660
March 2022 ASR (a)
8,886,661 TBD 8,886,661 12,316,056,660
April 3, 2022 through April 30, 2022
Open market and privately negotiated purchases — — — 12,316,056,660
Total 8,934,595 TBD 8,934,595 $ 12,316,056,660
(a) Refer to Note 8 of the Consolidated Financial Statements for further details about the ASR arrangement.
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
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.