Company: BKR
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001701605-25-000075
Chunk: 5

Company: Baker Hughes Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part II, Item 1A
Chunk 5
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ITEM 1A. RISK FACTORS

As of the date of this filing, the Company and our operations continue to be subject to the risk factors previously discussed in the "Risk Factors" sections contained in the 2024 Annual Report.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table contains information about our purchases of our Class A common stock equity securities during the three months ended March 31, 2025.

PeriodTotal Number of Shares Purchased (1)AveragePrice Paid Per Share (2)Total Number of Shares Purchased as Part of a Publicly Announced Program (3)(4)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (3)(4)Jan 1-31, 2025994,303 $44.58 — $1,733,029,749 February 1-28, 20251,121,831 $45.83 527,220 $1,709,777,724 March 1-31, 20254,362,192 $42.36 3,878,338 $1,544,953,174 Total6,478,326 $43.30 4,405,558 

(1)Represents Class A common stock purchased from employees to satisfy the tax withholding obligations primarily in connection with the vesting of restricted stock units.

(2)Average price paid for Class A common stock purchased from employees to satisfy the tax withholding obligations in connection with the vesting of restricted stock units and shares purchased in the open market under our publicly announced purchase program.

(3)On July 30, 2021, our Board of Directors authorized the Company to repurchase up to $2 billion of its Class A common stock. On October 27, 2022, our Board of Directors authorized an increase to our repurchase program of $2 billion of additional Class A common stock, increasing its existing repurchase authorization of $2 billion to $4 billion. The repurchase program may be suspended or discontinued at any time and does not have a specified expiration date.

(4)During the three months ended March 31, 2025, we repurchased 4.4 million shares of Class A common stock at an average price of $42.69 per share for a total of $188 million.

ITEM 3. DEFAULT