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 34.8 million shares of common stock for a total investment of $6.7 billion. The table below presents information with respect to Target common stock purchases made during the three months ended November 1, 2025, 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 3, 2025 through August 30, 2025
Open market and privately negotiated purchases 96,300 $ 97.99 96,300 $ 8,405,041,035
August 31, 2025 through October 4, 2025
Open market and privately negotiated purchases 1,558,284 91.20 1,558,284 8,262,928,791
October 5, 2025 through November 1, 2025
Open market and privately negotiated purchases — — — 8,262,928,791
Total 1,654,584 $ 91.59 1,654,584 $ 8,262,928,791
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.