ZILLOW GROUP INC
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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Jun 30, 2024 · Filed Aug 7, 2024
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Share Repurchase Authorizations
Note 9. Share Repurchase Authorizations
The Board has authorized the repurchase of up to $2.5 billion of our Class A common stock, Class C capital stock, outstanding convertible senior notes or a combination thereof. For additional information on these authorizations, see Note 13 in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023.
Repurchases of stock under the Repurchase Authorizations may be made in open-market transactions or privately negotiated transactions, or in such other manner as deemed appropriate by management, and may be made from time to time as determined by management depending on market conditions, share price, trading volume, cash needs and other business factors, in each case as permitted by securities laws and other legal requirements. As of June 30, 2024, $381 million remained available for future repurchases pursuant to the Repurchase Authorizations.
The following table summarizes our Class A common stock and Class C capital stock repurchase activity under the Repurchase Authorizations for the periods presented (in millions, except share data, which are presented in thousands, and per share amounts):
| Three Months EndedJune 30, 2024 | Three Months EndedJune 30, 2023 | |||
|---|---|---|---|---|
| Class A common stock | Class C capital stock | Class A common stock | Class C capital stock | |
| Shares repurchased | 981 | 5,904 | 496 | 2,781 |
| Weighted-average price per share | $41.92 | $42.41 | $45.18 | $45.86 |
| Total purchase price | $41 | $251 | $23 | $127 |
| Six Months EndedJune 30, 2024 | Six Months EndedJune 30, 2023 | |||
|---|---|---|---|---|
| Class A common stock | Class C capital stock | Class A common stock | Class C capital stock | |
| Shares repurchased | 1,100 | 5,996 | 810 | 4,479 |
| Weighted-average price per share | $42.26 | $42.45 | $44.12 | $44.76 |
| Total purchase price | $46 | $255 | $36 | $200 |
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