filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
There have been no material changes to the risk factors as previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the quarter ended September 30, 2025, we had two share repurchase authorizations outstanding. On each of May 6, 2025 and August 8, 2025, we publicly announced that our Board of Directors had approved repurchase authorizations in the amount of up to $750 million per authorization. Each share repurchase authorization authorized the repurchase of our outstanding common stock in one or more open market and/or privately negotiated transactions, with no expiration date. Repurchase activity is typically executed in accordance with the safe-harbor provisions of Rule 10b-18 and Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended. We repurchased the following shares of our common stock during the quarter ended September 30, 2025:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) | ||||||||||||||||||||||
| July 1 - 31, 2025 | 16,473 | $ | 7,536.77 | 16,473 | $ | 439,232 | ||||||||||||||||||||
| August 1 - 31, 2025 | — | $ | — | — | $ | 1,189,232 | ||||||||||||||||||||
| September 1 - 30, 2025 | 18,751 | $ | 8,119.65 | 18,751 | $ | 1,036,980 | ||||||||||||||||||||
| Total | 35,224 | $ | 7,847.06 | 35,224 |
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