Item 4. CONTROLS AND PROCEDURES
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Item 4. CONTROLS AND PROCEDURES
Disclosure Controls and Procedures
In order to ensure that the information we must disclose in our filings with the Commission is recorded, processed, summarized and reported on a timely basis, we have formalized our disclosure controls and procedures. Our principal executive officer and principal financial officer have reviewed and evaluated the effectiveness of our disclosure controls and procedures, as defined in Exchange Act Rule 13a-15(e) as of March 31, 2022. Based on such evaluation, such officers have concluded that, as of March 31, 2022, our disclosure controls and procedures were effective.
PART II – OTHER INFORMATION
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
The following table presents information related to our repurchases of Class A common stock during the first quarter of 2022:
| Total | Total Number of Shares | Approximate Dollar Value | ||||||||
| Number | Average | Purchased as Part of | of Shares that May Yet Be | |||||||
| of Shares | Price Paid | Publicly Announced | Purchased Under the | |||||||
| Period | Purchased | Per Share | Plans or Programs (1) | Plans or Programs | ||||||
| 1/1/2022 - 1/31/2022 | 953,846 | $ | 335.48 | 953,846 | $ | 616,370,815 | ||||
| 2/1/2022 - 2/28/2022 | 92,799 | $ | 323.30 | 92,799 | $ | 586,368,504 | ||||
| 3/1/2021 - 3/31/2021 | 253,468 | $ | 322.10 | 253,468 | $ | 504,726,849 | ||||
| Total | 1,300,113 | $ | 332.00 | 1,300,113 | $ | 504,726,849 |
(1)Our Board of Directors authorizes us to purchase, from time to time, outstanding Class A common stock through open market repurchases in compliance with Rule 10b-18 under the Exchange Act, and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements, and other factors. Once authorized, the repurchase plan has no time deadline and will continue until otherwise modified or terminated by our Board of Directors at any time in its sole discretion. As of the date of this filing, we had $504.7 million remaining under the current authorized share repurchase plan.
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