Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
(a) None.
(b) None.
(c) Issuer Purchases of Equity Securities
The following table presents information with respect to the Company's repurchases of its UAL common stock during the quarter ended March 31, 2025:
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Period (a)
Total number of shares (or units) purchased (b)
Average price paid per share (or unit) Total number of shares (or units) purchased as part of publicly announced plans or programs
(a)
Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs (in millions)
January 1 - 31 408,741 $ 106.03 408,741 $ 1,376
February 1 - 28 1,344,952 101.56 1,344,952 1,239
March 1 - 31 2,280,547 76.80 2,280,547 1,064
Total 4,034,240 4,034,240
(a) On October 15, 2024, the Company announced that its Board of Directors authorized a new share repurchase program with no stated expiration, allowing for purchases of up to $1.5 billion in the aggregate of outstanding UAL common stock and certain warrants to purchase UAL common stock. Under the share repurchase program, we have repurchased a total of approximately 6.6 million shares of UAL common stock for a total investment of approximately $0.5 billion as of April 10, 2025. See Note 3 to the financial statements in Part I, Item 1 of this report and Note 3 to the financial statements in Part II, Item 8 of the 2024 Form 10-K for additional information on the share repurchase program.
(b) Average price paid per share is calculated on a settlement basis and excludes commission and taxes.
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