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 June 30, 2026:


Period	Total Number of Shares Purchased	Average Price Paid Per Share(1)		Total Number of Shares Purchased as Part of Publicly Announced Plan or Program	Approximate Dollar Value of Shares that May Yet be Purchased Under the Plan or Program(2) ($ in thousands)



April 1 — April 30, 2026	—	$	—	—	$	500,000
May 1 — May 31, 2026	3,478,690	28.75		3,478,690	400,000
June 1 — June 30, 2026	—	—		—	400,000
Total	3,478,690	$	28.75	3,478,690

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

(2)On April 27, 2026, our board of directors authorized a new share repurchase program under which we may acquire shares of our common stock through open market purchases or negotiated transactions, including through Rule 10b5-1 plans, up to an aggregate purchase price of $500.0 million (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

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