Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equi ty Securities and Use of Proceeds
Issuer Purchases of Equity Securities
During the three months ended March 31, 2024, we satisfied certain U.S. federal and state tax withholding obligations due upon the vesting of restricted stock unit awards by automatically withholding from the shares being issued in connection with such award a number of shares of our common stock with an aggregate fair market value on the date of vesting equal to the minimum tax withholding obligations. The following table sets forth information with respect to shares of our common stock withheld by us to satisfy certain tax withholding obligations during the quarter ended March 31, 2024:
Total Number
of Shares
Purchased
Average
Price Paid per
Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum Number
(or Approximate Dollar
Value) of Shares
that May Yet be
Purchased Under the
Plans or Programs
January 1, 2024 – January 31, 2024
(422,613
)
(1)
$
17.61
—
$
47,556,793
(2)
February 1, 2024 – February 29, 2024
—
—
—
47,556,793
(2)
March 1, 2024 – March 31, 2024
(411,098
)
$
84.30
—
—
(2)
Total
(833,711
)
$
50.49
—
$
—
(1) Represents shares of our common stock withheld from employees for the payment of taxes.
(2) On March 10, 2022, our board of directors authorized a stock repurchase program effective March 18, 2022, whereby we could purchase up to $50.0 million in shares of our common stock over a period of up to two years (the “Repurchase Program”). The Repurchase Program was to be carried out at the discretion of a committee of our board of directors through open market purchases, one or more Rule 10b5-1 trading plans, block trades or in privately negotiated transactions. We did not repurchase any shares of our common stock under the Repurchase Program during the quarter ended March 31, 2024 and the Repurchase Program expired on March 18, 2024.
Item 3. Defaults Upo n Senior Securities
Not applicable.
Item 4. Mine Saf ety Disclosures
Not applicable.
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