Item 1A. Risk Factors.
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Item 1A. Risk Factors.
For the three and six months ended June 30, 2022 there were no material changes from risk factors disclosed in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and as updated in the Company's Form 10-Q for the period ended March 31, 2022.
**Item 2.**Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
| (a) | (b) | (c) | (d) | |||||||||||
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Approximate Dollar Value (in thousands) of Shares that may yet be Purchased under the Program | |||||||||||
| April 1 to April 30, 2022 | 64,183 | $ | 1,329.13 | 64,183 | $ | 1,698,120 | ||||||||
| May 1 to May 31, 2022 | 79,492 | $ | 1,252.33 | 79,492 | $ | 1,598,568 | ||||||||
| June 1 to June 30, 2022 | 74,633 | $ | 1,207.74 | 74,633 | $ | 1,508,429 | ||||||||
| Total | 218,308 | $ | 1,259.67 | 218,308 | $ | 1,508,429 |
The Company has $1.5 billion of remaining availability for its share repurchase program as of June 30, 2022. We have purchased 30.6 million shares since the inception of the program through June 30, 2022.
During the six months ended June 30, 2022 and 2021, we spent $550.0 million and $475.0 million on the repurchase of 408,901 and 390,538 shares at an average price per share of $1,345.05 and $1,216.25, respectively. We also reissued 72,408 shares and 35,636 shares held in treasury upon the exercise of stock options and vesting of restricted stock units during the six months ended June 30, 2022 and 2021, respectively.
**Item 3.**Defaults Upon Senior Securities. None
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