filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
Important risk factors that could affect our operations and financial performance, or that could cause results or events to differ from current expectations, are described in Part I, Item 1A “Risk Factors” of our 2022 10-K.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Recent Sales of Unregistered Securities
None.
Issuer Purchases of Equity Securities
During the three months ended March 31, 2023, we repurchased the following shares of our common stock:
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share (1) | 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 | |||||||||||||||||||
| Month 1 (January 1, 2023 to January 31, 2023) | — | $ | — | — | $200.0 Million | ||||||||||||||||||
| Month 2 (February 1, 2023 to February 28, 2023) | 680,000 | $ | 91.05 | 680,000 | $138.1 Million | ||||||||||||||||||
| Month 3 (March 1, 2023 to March 31, 2023) | 873,350 | $ | 100.85 | 873,350 | $50.0 Million | ||||||||||||||||||
| Total | 1,553,350 | $ | 96.56 | 1,553,350 |
(1)On August 3, 2022, after the expiration of a prior share repurchase program on July 31, 2022, a duly authorized subcommittee of our Board approved a new share repurchase program to repurchase shares of our common stock for up to $200 million at prevailing prices in the open market. The share repurchase program is effective until January 31, 2024 or until the maximum amount of common stock is repurchased, whichever occurs first.
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
SMCI | Q3 2023 Form 10-Q | 46
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