ACIW ACI WORLDWIDE, INC.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q3 2025: $8M, Q2 2025: $57M, Q1 2025: $63M, Q3 2024: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $8M vs trailing avg $40M (-80%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $128M / FCF $45M = 286% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 148,433,868 shares = 141.0% of 105,254,913 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

9 open-market purchases by 6 insiders

• Benitez Juan II () bought 2,400 shares at $41.90 on 2026-03-03
• SANCHEZ ADALIO T () bought 3,000 shares at $40.98 on 2026-03-02
• Warsop Thomas W III (Director, President and CEO) bought 5,000 shares at $48.57 on 2025-05-12
• Warsop Thomas W III (Director, President and CEO) bought 3,333 shares at $24.16 on 2023-06-07
• Warsop Thomas W III (Director, President and CEO) bought 39,667 shares at $23.59 on 2023-06-06
• Puppala Ram Kumar (Chief Technology Officer) bought 1,000 shares at $22.03 on 2022-09-07
• Puppala Ram Kumar (Chief Technology Officer) bought 2,000 shares at $28.49 on 2021-12-01
• Almeida Odilon (Director, President and CEO) bought 15,352 shares at $32.59 on 2021-11-08
• Bobrinskoy Charles K () bought 2,600 shares at $38.43 on 2020-12-03

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $2M, sold $17M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 7.8x more than bought. 6 C-suite officers among sellers

• Kuruvilla Abraham (Chief Technology Officer) sold 4,210 shares on 2025-11-10
• Behrens Scott W (Chief Financial Officer) sold 60,749 shares on 2024-12-11
• Kuruvilla Abraham (Chief Technology Officer) sold 5,400 shares on 2024-12-06
• Silva Alessandro (Chief Revenue Officer) sold 17,817 shares on 2023-12-04
• Behrens Scott W (Chief Financial Officer) sold 35,003 shares on 2023-12-01
• Guerra Deborah L (Chief Product Officer) sold 3,426 shares on 2023-08-08
• Guerra Deborah L (Chief Product Officer) sold 7,939 shares on 2023-06-05
• Puppala Ram Kumar (Chief Technology Officer) sold 1,403 shares on 2023-05-17
• Puppala Ram Kumar (Chief Technology Officer) sold 12,667 shares on 2023-05-17
• Behrens Scott W (Chief Financial Officer) sold 37,905 shares on 2021-12-06