Item 1A. RISK FACTORS

For a discussion of our potential risks or uncertainties, you should carefully read and consider risk factors previously disclosed under Part I. Item 1A. “Risk Factors” of our Annual Report on Form 10-K. There have been no material changes to the risk factors disclosed in Part I. Item 1A. of the Annual Report on Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Repurchases of Equity Securities

We made the following share repurchases during the three months ended March 31, 2026:

(1)Average Price Paid Per Share excludes cash paid for legal fees and commissions.

(2)On October 28, 2025, our board of directors authorized a share repurchase program pursuant to which we may acquire shares of our common stock up to an aggregate purchase price of $500.0 million through open market purchases or negotiated transactions, including through Rule 10b5-1 plans. As of March 27, 2026, the share repurchase program has been fully utilized, and no further shares remain available for repurchase under the program.

On April 27, 2026, our board of directors authorized a new share repurchase program under which we may acquire shares of our common stock up to an aggregate purchase price of $500,000 through open market purchases or negotiated transactions, including through Rule 10b5-1 plans (See Part I. Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources”).

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

PART II