TARGET CORP 10-Q

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 23.8 million shares of common stock at an average price of $223.52, for a total investment of $5.3 billion. The table below presents information with respect to Target common stock purchases made during the three months ended July 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 May 1, 2022 through May 28, 2022 Open market and privately negotiated purchases — $ — — $ 12,316,056,660 May 29, 2022 through July 2, 2022 Open market and privately negotiated purchases — — — 12,316,056,660 March 2022 ASR (a) 3,569,904 211.58 3,569,904 9,680,505,231 July 3, 2022 through July 30, 2022 Open market and privately negotiated purchases — — — 9,680,505,231 Total 3,569,904 $ 211.58 3,569,904 $ 9,680,505,231 (a) Represents the incremental shares received upon final settlement of the accelerated share repurchase (ASR) agreement initiated in first quarter 2022. $211.58 represents the average price paid per share for the 12.5 million total shares repurchased under the ASR, which consists of the 8.9 million shares initially delivered in first quarter 2022 and the 3.6 million shares received upon final settlement in second quarter 2022. Note 9 to the Financial Statements provides additional information. Item 3. Defaults Upon Senior Securities Not applicable. Item 4. Mine Safety Disclosures Not applicable.