Share Repurchases |
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Apr. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Share Repurchases | Share Repurchases On June 3, 2025, the Company announced that its board of directors approved a share repurchase program for the repurchase of up to $1.0 billion of the Company’s Class A common stock (the “Share Repurchase Program”). On April 6, 2026, the Company announced that its board of directors authorized the repurchase of up to an additional $500.0 million of the Company’s Class A common stock, bringing the total authorization under the Share Repurchase Program to $1.5 billion. The share repurchase program does not have a fixed expiration date and does not obligate the Company to acquire any specific number of shares. The Company may repurchase shares of Class A common stock from time to time using a variety of methods, including through open market purchases, privately negotiated transactions, and other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act. The timing, manner, price, and amount of any repurchases will be determined by the Company at its discretion and will depend on a variety of factors, including legal requirements, price, and economic and market conditions. As of April 30, 2026, $1.3 billion remained available for future share repurchases under the Share Repurchase Program. The following table presents shares repurchased and subsequently retired (in thousands):
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