Stockholders' Equity |
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| Stockholders' Equity | 9. Stockholders’ Equity Class A and Class B common stock are referred to as common stock throughout the notes to the condensed consolidated financial statements, unless otherwise noted. The Company reserved shares of common stock for future issuance as follows (in thousands):
(1)For awards with ongoing performance periods as of the respective balance sheet date, the shares of common stock reserved for future issuance are reflected at maximum achievement levels. Share Repurchase Program In May 2026, the Company’s Board of Directors authorized a share repurchase program for up to $3.0 billion of the Company’s Class A common stock. Under the program, the Company may purchase shares from time to time through open market transactions, privately negotiated transactions, and other means in compliance with applicable securities laws, including through Rule 10b5-1 plans. The program does not have a fixed expiration date, may be suspended or discontinued at any time, and does not obligate the Company to acquire any amount of Class A common stock. The timing, manner, price, and amount of any repurchases will be determined by the Company at its discretion and depend on a variety of factors, including legal requirements, price, and economic market conditions. During the three months ended June 30, 2026, the Company repurchased and subsequently retired 8.2 million shares of its Class A common stock for an aggregate amount of $380 million. As of June 30, 2026, $2.6 billion remained available under the program authorization.
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