filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes to the risk factors described in the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021, as filed with the Securities and Exchange Commission on August 10, 2021, and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2021, as filed with the Securities and Exchange Commission on November 3, 2021.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Below is a summary of the Company’s repurchases of its Class A Common Stock, par value $0.01 per share (the “Class A Common Stock”), and Class B Common Stock, par value $0.01 per share (the “Class B Common Stock” and, together with the Class A Common Stock, the “Common Stock”), during the three months ended March 31, 2022:
| Total number of shares purchased**(a)** | Average price paid per share**(b)** | Approximate dollar value of shares that may yet be purchased under the program**(b)(c)** | |||||||||||||||
| (in millions) | |||||||||||||||||
| January 1, 2022 – January 31, 2022 | |||||||||||||||||
| Class A common stock | 957,064 | $ | 38.94 | ||||||||||||||
| Class B common stock | 432,271 | 35.87 | |||||||||||||||
| February 1, 2022 – February 28, 2022 | |||||||||||||||||
| Class A common stock | 319,750 | 41.61 | |||||||||||||||
| Class B common stock | 150,800 | 38.10 | |||||||||||||||
| March 1, 2022 – March 31, 2022 | |||||||||||||||||
| Class A common stock | 3,082,509 | 41.00 | |||||||||||||||
| Class B common stock | 1,401,117 | 37.63 | |||||||||||||||
| Total | |||||||||||||||||
| Class A common stock | 4,359,323 | 40.59 | |||||||||||||||
| Class B common stock | 1,984,188 | 37.29 | |||||||||||||||
| 6,343,511 | $ | 1,651 |
| (a) | The Company has not made any purchases of Common Stock other than in connection with the publicly announced stock repurchase program described below. |
| (b) | These amounts exclude any fees, commissions or other costs associated with the share repurchases. |
| (c) | The Company's Board of Directors has authorized a $4 billion stock repurchase program, under which the Company can repurchase Common Stock. The program has no time limit and may be modified, suspended or discontinued at any time. |
In total, the Company repurchased approximately 20 million shares of Common Stock for $748 million during the nine months ended March 31, 2022.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable
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