U-Haul Holding Co /NV/

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

In May 2026, the Company's Board of Directors (the "Board") authorized a $350 million stock repurchase program (the "Stock Repurchase Program") with no expiration date. Under the Stock Repurchase Program, the Company may purchase up to $350 million in aggregate for both of its Voting Common Stock and Non-Voting Common Stock in open market purchases, privately negotiated transactions, block trades, accelerated share repurchase programs, or in any other manner in compliance with applicable law. The timing and amount of stock repurchases, if any, will depend on price, market conditions, applicable regulatory requirements, and other factors. The Stock Repurchase Program does not require the Company to repurchase any specific number of shares, and may be modified, suspended or terminated at any time without prior notice. During the first quarter of fiscal 2027, the Company repurchased 248,368 shares of its Voting Common Stock at a cost of $15.6 million and repurchased 584,278 shares of its Non-Voting Common Stock at a cost of $32.4 million, excluding any commissions related to the purchases.

As part of our Stock Repurchase Progam, between July 1, 2026 and August 3, 2026, we have repurchased 134,840 shares of its Voting Common Stock at a cost of $9.1 million and repurchased 716,899 shares of its Non-Voting Common Stock at a cost of $44.0 million, excluding any commissions related to the purchases.

[1]All shares were repurchased under the Board authorization covering up to $350 million of the Company’s Voting Common Stock and Non-Voting Common Stock announced on May 27, 2026. Unless modified or revoked by the Board, this authorization does not expire.