filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes in our risk factors from those disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended May 31, 2022.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In June 2022, the Board of Directors approved a four-year, $18 billion share repurchase program. As of February 28, 2023, the Company had repurchased 32.0 million shares at an average price of $106.61 per share for a total approximate cost of $3.4 billion under the program.
All share repurchases were made under NIKE's publicly announced program, and there are no other programs under which the Company repurchases shares. The following table presents a summary of share repurchases made during the quarter ended February 28, 2023:
| PERIOD | TOTAL NUMBER OF SHARES PURCHASED | AVERAGE PRICE PAID PER SHARE | APPROXIMATE DOLLAR VALUE OF SHARES THAT MAY YET BE PURCHASED UNDER THE PLAN OR PROGRAM (IN MILLIONS) | ||||||||
| December 1 - December 31, 2022 | 6,993,677 | $ | 111.27 | $ | 15,334 | ||||||
| January 1 - January 31, 2023 | 3,040,909 | $ | 125.65 | $ | 14,952 | ||||||
| February 1 - February 28, 2023 | 2,902,915 | $ | 123.50 | $ | 14,594 | ||||||
| 12,937,501 | $ | 117.39 |
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