filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information for Common Stock
Our common stock is traded on the Nasdaq Global Select Market under the symbol “ADBE.”
Stockholders
According to the records of our transfer agent, there were 928 holders of record of our common stock on January 6, 2023. Because many of such shares are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
Dividends
We do not anticipate paying any cash dividends in the foreseeable future.
Issuer Purchases of Equity Securities
Below is a summary of stock repurchases for the three months ended December 2, 2022. See Note 14 of our Notes to Consolidated Financial Statements for information regarding our stock repurchase programs.
| Period | Total Number of Shares Repurchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans | Approximate Dollar Value that May Yet be Purchased Under the Plans (1) | |||||||||||||||||||||||||
| (in millions, except average price per share) | |||||||||||||||||||||||||||||
| Beginning repurchase authority | $ | 8,700 | |||||||||||||||||||||||||||
| September 3 — September 30, 2022 | |||||||||||||||||||||||||||||
| Shares repurchased | 1.1 | $ | 371.04 | 1.1 | $ | (400) | |||||||||||||||||||||||
| October 1 — October 28, 2022 | |||||||||||||||||||||||||||||
| Shares repurchased | 2.1 | $ | 285.40 | 2.1 | $ | (584) | (2) | ||||||||||||||||||||||
| October 29 — December 2, 2022 | |||||||||||||||||||||||||||||
| Shares repurchased | 1.8 | $ | 317.04 | 1.8 | $ | (583) | (2) | ||||||||||||||||||||||
| Total | 5.0 | 5.0 | $ | 7,133 |
(1)In December 2020, the Board of Directors granted authority to repurchase up to $15 billion in our common stock through the end of fiscal 2024.
(2)In September 2022, we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $1.75 billion. As of December 2, 2022, approximately $583 million of the prepayment remained under this agreement.
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