ADEA Adeia Inc.

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

Bought back stock in only 0/4 quarters. Q3 2025: $0M, Q2 2025: $0M, Q1 2025: $0M, Q3 2023: $0M

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

No buyback activity

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

Negative FCF ($-4M), cannot compute buyback ratio

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

Repurchased 20,000,000 shares = 18.5% of 108,072,000 outstanding (annualized)

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

13 open-market purchases by 8 insiders

• Armaly Samir (President, IP Licensing) bought 2,132 shares at $11.72 on 2020-09-08
• Habiger David C () bought 1,314 shares at $11.44 on 2020-09-04
• MOLONEY DANIEL M () bought 4,000 shares at $12.12 on 2020-09-03
• Habiger David C () bought 2,475 shares at $12.12 on 2020-09-02
• Habiger David C () bought 2,815 shares at $12.45 on 2020-09-01
• KIRCHNER JON (Chief Executive Officer) bought 2,000 shares at $12.58 on 2020-08-31
• Habiger David C () bought 3,117 shares at $12.99 on 2020-08-28
• SEAMS CHRISTOPHER A () bought 6,000 shares at $13.49 on 2020-08-27
• Durr Laura () bought 2,500 shares at $13.28 on 2020-08-26
• Antonellis Darcy () bought 4,542 shares at $13.24 on 2020-08-26

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 $1M, sold $2M (net selling)

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

No buyback-insider divergence detected