On May 3, 2023, the Securities and Exchange Commission adopted rules and amendments that, among other things, (1) require issuers to disclose daily share repurchase activity on a quarterly basis, (2) require quarterly disclosure regarding the adoption, modification and termination of Rule 10b5-1 trading arrangements by issuers and (3) require additional detail regarding share repurchase programs. The additional disclosure requirements will impact U.S. domestic issuers and foreign private issuers beginning in early 2024.