filings.toolsItem 1A. Risk factors
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Item 1A. Risk factors
For a discussion of our risk factors, see Part I, Item 1A - Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2025.
Item 2. Unregistered sales of equity securities and use of proceeds
Issuer Purchases of Equity Securities
The following table presents the repurchase activity of our Class A common stock on a cash basis for the second quarter of 2026:
| Period | Total Number of Shares Purchased | Average Price Paid per Share (including commission cost) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Dollar Value of Shares that may yet be Purchased under the Plans or Programs 1 | ||||||||||||||||||||||
| April 1 - 30 | 3,876,573 | $ | 507.43 | 3,876,573 | $ | 11,459,634,738 | ||||||||||||||||||||
| May 1 - 31 | 2,573,846 | $ | 498.90 | 2,573,846 | $ | 10,175,551,924 | ||||||||||||||||||||
| June 1 - 30 | 3,366,485 | $ | 489.28 | 3,366,485 | $ | 8,528,398,093 | ||||||||||||||||||||
| Total | 9,816,904 | $ | 498.97 | 9,816,904 |
1 Dollar value of shares that may yet be purchased under the share repurchase programs is as of the end of the period. In December 2025 and 2024, our Board of Directors approved programs authorizing us to repurchase shares of our Class A common stock up to $14.0 billion and $12.0 billion, respectively.
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