Ubiquiti Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Common Stock Information As of August 25, 2021, the number of record holders of our common stock, which is listed on the New York Stock Exchange under the ticker symbol "UI", w as 7. Because most of our shares are held by brokers and other institutions on behalf of stockholders, we are unable to esti mate the total number of beneficial stockholders represented by these record holders. Stock Performance Graph The following graph compares the cumulative total stockholder return for our common stock from June 30, 2016 to June 30, 2021, with the comparable cumulative return the NYSE Composite Index and the S&P Computer & Retail Index. The graph assumes that $100 was invested on June 30, 2016 in our common stock, the NYSE Composite Index and the S&P Computer & Retail Index and assumes reinvestment of any dividends. The stock price performance on the following graph is not necessarily indicative of future stock price performance. This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference into any of our filings under the Securities Act of 31 Table of Contents 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* Among Ubiquiti Inc., the NYSE Composite Index and the S&P Computer & Electronics Retail Index *100 invested on 6/30/16 in stock or index, including reinvestments of dividends. Issuer Purchases of Equity Securities The following table provides information with respect to the Company’s Share Repurchase programs and the activity under the available share repurchase programs during fiscal year ended June 30, 2021 (in millions, except share and per share amounts): Date of Approved and Publicly Announced Program Amount of Publicly Announced Program Total Number of Shares Purchased as Part of Publicly Announced Programs Average Price Paid per Share Total Aggregate Amount Paid Period of Purchases Estimated Remaining Balance Available for Share Repurchases under the Programs Expiration date of Program November 8, 2019 $ 200.0 228,180 $166.05 $37.9 August 21, 2020 - September 15, 2020 $ — 12/31/2021 May 8, 2020 $ 500.0 917,008 $198.33 $181.9 September 15, 2020 - June 24, 2021 $ 318.1 3/31/2022 32 Table of Contents Common stock repurchase activity under the share repurchase program during the fourth quarter ended June 30, 2021 was as follows (in millions, except share and per share amounts): Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs Estimated Remaining Balance Available for Share Repurchases April 1, 2021 - April 30, 2021 — $ — — $ 385.2 May 1, 2021 - May 31, 2021 197,879 $ 284.60 197,879 $ 328.9 June 1, 2021 - June 30, 2021 36,173 $ 298.55 36,173 $ 318.1 Total 234,052 $ 286.75 234,052 $ 318.1 Dividends The following tables provides information with respect to the Company’s cash dividends declared and frequency of payments during fiscal year ended June 30, 2021 and 2020: Year Ended June 30, 2021 Q1 Q2 Q3 Q4 Dividends declared date August 21, 2020 November 6, 2020 February 5, 2021 May 6, 2021 Dividends payment date September 8, 2020 November 23, 2020 February 22, 2021 May 24, 2021 Cash dividend paid per common stock $ 0.40 $ 0.40 $ 0.40 $ 0.40 Year Ended June 30, 2020 Q1 Q2 Q3 Q4 Dividends declared date August 8, 2019 November 6, 2019 February 4, 2020 May 5, 2020 Dividends payment date August 19, 2019 November 25, 2019 February 25, 2020 May 26, 2020 Cash dividend paid per common stock $ 0.30 $ 0.30 $ 0.30 $ 0.30 On August 27, 2021, the Company announced that its Board of Directors declared a cash dividend of $0.60 per share payable on September 15, 2021 to shareholders of record at the close of business on September 7, 2021. The Company intends to pay regular quarterly cash dividends of at least $0.60 per share during each remaining quarter of fiscal 2022, however any future dividends will be subject to the approval of the Company’s Board of Directors. In determining whether to approve future dividends, the Company’s Board of Directors will take into account such matters as our financial position and results of operations, available cash and cash flow, capital requirements, growth opportunities, applicable corporate legal requirements, and other factors deemed relevant. Securities Authorized for Issuance under Equity Compensation Plans Information regarding the securities authorized for issuance under our equity compensation plans can be found under Item 12 of this Annual Report on Form 10-K. Unregistered Securities Sold During fiscal 2021 We did not sell any unregistered securities during fiscal 2021. Item 6. Selected Financial Data Part II, Item 6 is no longer required as the Company has adopted certain provisions within the amendments to Regulation S-K that eliminate Item 301.