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STMicroelectronics Announces Status of Common Share Repurchase Program

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STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from May 20, 2024 to May 24, 2024

AMSTERDAM May 27, 2024 — STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between May 20, 2024 to May 24, 2024 (the “Period”), of 198,865 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 38.3025 and for an overall price of EUR 7,617,019.94.

The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.

The shares may be held in treasury prior to being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful purpose under article 5(2) of the Market Abuse Regulation.

Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.

Transactions in Period

Dates of transaction Number of shares purchased Weighted average purchase price per share (EUR) Total amount paid (EUR) Market on which the shares were bought (MIC code)
5/20/2024 30,000 38.3982 1,151,946.00 XPAR
5/21/2024 71,277 37.901 2,701,469.58 XPAR
5/22/2024 17,588 37.4899 659,372.36 XPAR
5/23/2024 50,000 39.006 1,950,300.00 XPAR
5/24/2024 30,000 38.4644 1,153,932.00 XPAR
Total for Period 198,865 38.3025 7,617,019.94

Following the share buybacks detailed above, the Company holds in total 11,842,372 treasury shares, which represents approximately 1.3% of the Company’s issued share capital.

In accordance with Article 5(1)(b) of the Market Abuse Regulation and Article 2(3) of Commission Delegated Regulation (EU) 2016/1052, a full breakdown of the individual trades in the Program are disclosed on the ST website (https://investors.st.com/stock-and-bond-information/share-buyback).

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