ARR Armour Residential REIT, Inc.

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

Bought back stock in only 1/4 quarters. Q3 2025: $0M, Q2 2025: $0M, Q1 2025: $1M, Q3 2024: $-0M

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

Latest quarter $0M vs trailing avg $0M (-100%)

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

Negative FCF ($-130M), cannot compute buyback ratio

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

Repurchased 0 shares = 0.0% of 62,412,000 outstanding (annualized)

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

4 open-market purchases by 3 insiders

• Hain Robert C () bought 2,500 shares at $19.08 on 2024-11-07
• STATON DANIEL C (Chairman of the Board) bought 2,966 shares at $19.85 on 2024-10-03
• STATON DANIEL C (Chairman of the Board) bought 7,034 shares at $19.86 on 2024-10-03
• Macauley Desmond (Co-Chief Investment Officer) bought 1,000 shares at $19.02 on 2024-05-30

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 $0M, 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