A Dark Vector Cognition product

Item 1A. Risk Factors

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Item 1A. Risk Factors

Additional information regarding risk factors can be found under "Recent Developments" in the "Business Overview" and "Cautionary Note Concerning Factors That May Affect Future Results" sections of Management's Discussion and Analysis of Financial Condition and Results of Operations in this Form 10-Q.

Except as otherwise noted above, there have been no material changes in the Company's risk factors from those disclosed in Item 1A "Risk Factors," in our 2024 Form 10-K.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

The following table provides information about our purchases during the quarter ended March 31, 2025 of equity securities that are registered by us pursuant to Section 12 of the Exchange Act.

2025Total Number of Shares Purchased (thousands)Average Price Paid per Share (1)Total Number of Shares Purchased as Part of a Publicly Announced Program (thousands)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (dollars in millions)
January 1 - January 311,084$92.221,084$2,000
February 1 - February 281,15297.271,152$1,888
March 1 - March 31404101.00404$1,847
Total2,640$95.772,640

(1) Average price paid per share includes any broker commissions associated with the repurchases.

On January 16, 2025, our Board of Directors ("the Board") revoked any remaining share repurchase authority under the prior share repurchase program and approved a new share repurchase program for up to $2.0 billion of Common Stock. As of March 31, 2025, the maximum dollar value of shares that may yet be purchased under this current program was approximately $1.8 billion.

Under this program, shares may be purchased on the open market, in privately negotiated transactions, under accelerated share repurchase programs or under plans complying with Rules 10b5-1 and 10b-18 under the Exchange Act.

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