APLE Apple Hospitality REIT, Inc.

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

Bought back stock in 3/4 quarters. Q1 2026: $26M, Q3 2025: $19M, Q2 2025: $15M, Q1 2025: $0M

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

Latest quarter $26M vs trailing avg $12M (+128%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-66M), buybacks not supported by cash flow

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

Repurchased 7,300,000 shares = 3.1% of 235,635,813 outstanding (annualized)

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

6 open-market purchases by 4 insiders

• KNIGHT GLADE M (Executive Chairman) bought 5,000 shares at $11.91 on 2025-12-11
• Hugh Redd () bought 1,000 shares at $11.75 on 2025-11-13
• Woolley Howard E. () bought 2,000 shares at $11.94 on 2025-11-11
• KNIGHT GLADE M (Executive Chairman) bought 5,000 shares at $12.29 on 2025-08-19
• Hugh Redd () bought 1,000 shares at $11.57 on 2025-06-04
• Perkins Elizabeth (SVP & Chief Financial Officer) bought 2,100 shares at $11.72 on 2025-05-09

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 3 quarters and 6 insider purchases by 4 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net buying)

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

No buyback-insider divergence detected