BOSTON BEER CO INC
For the period ended Jun 28, 2025. Filed Jul 24, 2025.
View on SEC.govAbout this filing
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.
Jun 28, 2025 · Filed Jul 24, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In 1998, the Company's Board of Directors ("the Board") authorized the Company's share repurchase program. In October 2024, the Board authorized an increase in the share repurchase expenditure limit set for the program from $1.2 billion to $1.6 billion. The Board did not specify a date upon which the authorization would expire. Share repurchases for the periods included herein were effected through open market transactions.
As of July 18, 2025, the Company had repurchased a cumulative total of approximately 15.4 million shares of its Class A Common Stock for an aggregate purchase price of $1.28 billion and had $317 million remaining on the $1.6 billion share repurchase expenditure limit set by the Board.
During the twenty-six weeks ended June 28, 2025, the Company repurchased and subsequently retired 419,329 shares of its Class A Common Stock, including 656 unvested investment shares issued under the Investment Share Program of the Company’s Employee Equity Incentive Plan, as illustrated in the table below:
| Period | Total Number of SharesPurchased | Average Price Paidper Share | Total Number of SharesPurchased as Part ofPublicly AnnouncedPlans or Programs | Approximate DollarValue of Shares thatMay Yet be PurchasedUnder the Plansor Programs(in thousands) |
|---|---|---|---|---|
| December 29, 2024 - February 1, 2025 | 67,075 | $265.00 | 66,968 | $409,783 |
| February 2, 2025 - March 1, 2025 | 65,019 | 235.84 | 65,011 | 394,450 |
| March 2, 2025 - March 29, 2025 | 69,531 | 232.87 | 69,268 | 378,310 |
| March 30, 2025 - May 3, 2025 | 79,815 | 241.65 | 79,728 | 359,044 |
| May 4, 2025 - May 31, 2025 | 63,971 | 239.62 | 63,970 | 343,714 |
| June 1, 2025 - June 28, 2025 | 73,918 | 207.69 | 73,728 | 328,383 |
| Total | 419,329 | $236.72 | 418,673 | $328,383 |
As of July 18, 2025, the Company had 8.8 million shares of Class A Common Stock outstanding and 2.1 million shares of Class B Common Stock outstanding.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.