COMMVAULT SYSTEMS INC
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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Jun 30, 2024 · Filed Jul 31, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuance of Unregistered Equity Securities
During the three months ended June 30, 2024, the Company issued approximately 50,000 unregistered shares of its common stock, valued at $4.9 million, as part of the total consideration paid for the acquisition of Appranix, Inc. The shares of common stock were issued to the former owner of Appranix in reliance on the exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. See Note 4 for further details of the acquisition.
Purchases of Equity Securities by the Issuer
On April 18, 2024, the Board approved an increase of the existing share repurchase program so that $250.0 million was available. The Board's authorization has no expiration date. During the three months ended June 30, 2024, we repurchased $51.4 million of common stock, or approximately 0.5 million shares, under our share repurchase program. As of June 30, 2024, the remaining amount available under the current authorization was $205.1 million. A summary of our repurchases of common stock is as follows:
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced programs | Approximate dollar value of shares that may yet be purchased under the program(in thousands) |
|---|---|---|---|---|
| April 1-30, 2024 | 112,360 | $97.69 | 112,360 | $245,509 |
| May 1-31, 2024 | 195,865 | $109.55 | 195,865 | $224,051 |
| June 1-30, 2024 | 163,006 | $116.30 | 163,006 | $205,094 |
| Three months ended June 30, 2024 | 471,231 | $109.06 | 471,231 |
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