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AI English summary of an SEC filing — figures as filed

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The company said its Repurchase Program, covering Class A and Class B common stock combined, is authorized for up to US$1 billion.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its Repurchase Program, covering Class A and Class B common stock combined, is authorized for up to US$1 billion.

  2. The company said it repurchased 15,371 shares of Class A common stock on May 7, 2024, the most recent repurchase day, for a total of US$376,935.35. Prior cumulative repurchases were 18,182,376 shares, totaling US$346,348,218.61.

  3. The company said the highest price paid for repurchases on May 7, 2024 was US$24.81 and the lowest was US$24.31. For repurchases before May 7, 2024, the highest price paid was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022.

  4. The company said it has repurchased Class A and Class B shares totaling about US$520,058,482.65 in aggregate consideration to date. It said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the price of its stock, and explained that the reason is to enhance shareholder value.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

US$1 billion Stock Repurchase Program

The company said its Repurchase Program, covering Class A and Class B common stock combined, is authorized for up to US$1 billion.

Source · Based on the filing body and exhibits

Class A Daily Repurchase Details (2024-05-07)

The company said it repurchased 15,371 shares of Class A common stock on May 7, 2024, the most recent repurchase day, for a total of US$376,935.35. Prior cumulative repurchases were 18,182,376 shares, totaling US$346,348,218.61.

Source · Based on the filing body and exhibits

Price Range for Most Recent Repurchase Day

The company said the highest price paid for repurchases on May 7, 2024 was US$24.81 and the lowest was US$24.31. For repurchases before May 7, 2024, the highest price paid was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022.

Source · Based on the filing body and exhibits

Cumulative Repurchases and Program Terms

The company said it has repurchased Class A and Class B shares totaling about US$520,058,482.65 in aggregate consideration to date. It said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the price of its stock, and explained that the reason is to enhance shareholder value.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.