TALOS ENERGY INC.
For the period ended Mar 31, 2025. Filed May 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 6, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table sets forth information with respect to our repurchase of shares of common stock during the three months ended March 31, 2025:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program(1) | Approximate Dollar Values of Shares that May Yet be Purchased Under the Program (in thousands) |
|---|---|---|---|---|
| January 1, 2025- January 31, 2025 | — | $— | — | $157,486 |
| February 1, 2025- February 28, 2025 | — | $— | — | $157,486 |
| March 1, 2025 - March 31, 2025 | 2,288,273 | $9.61 | 2,288,273 | $178,001 |
| Total | 2,288,273 | $9.61 | 2,288,273 |
(3)
Since the Board initially approved a share repurchase program of $100.0 million on March 20, 2023, the Board has approved increases in share repurchase capacity of $150.0 million on July 22, 2024 and approximately $42.5 million on March 25, 2025, for a total aggregate repurchase capacity of approximately $292.5 million, with approximately $178.0 million remaining under the authorized program as of March 31, 2025. During the three months ended March 31, 2025, we repurchased approximately 2.3 million shares for $22.0 million exclusive of broker commissions. Since the inception of our share repurchase program in March 2023, we have repurchased an aggregate of 9.7 million shares under our authorized program for a total principal amount of $114.5 million. The share repurchase program has no set term limits. All repurchased shares are held in treasury.
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