ATGE Covista Inc.

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

Bought back stock in 4/4 quarters. Q2 2026: $41M, Q1 2026: $33M, Q3 2025: $90M, Q2 2024: $161M

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

Latest quarter $41M vs trailing avg $95M (-57%)

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

Negative FCF ($-146M), cannot compute buyback ratio

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

Repurchased 1,597,040 shares = 4.4% of 35,952,000 outstanding (annualized)

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

11 open-market purchases by 6 insiders

• MALAFRONTE MICHAEL W () bought 8,890 shares at $100.94 on 2026-03-11
• MALAFRONTE MICHAEL W () bought 11,841 shares at $100.86 on 2026-03-10
• MALAFRONTE MICHAEL W () bought 15,305 shares at $100.86 on 2026-03-10
• MALAFRONTE MICHAEL W () bought 1,200 shares at $97.97 on 2026-03-03
• Phelan Kenneth J () bought 508 shares at $98.29 on 2025-11-05
• MALAFRONTE MICHAEL W () bought 1,000 shares at $91.85 on 2025-11-04
• MALAFRONTE MICHAEL W () bought 1,000 shares at $87.21 on 2025-03-07
• Krehbiel William V () bought 10,000 shares at $31.67 on 2022-06-14
• O'KEEFE SHARON () bought 1,250 shares at $20.63 on 2022-02-23
• DeShazer Charles () bought 500 shares at $20.65 on 2022-02-17

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.

Insider buying coincided with company buybacks in 0 of 4 quarters

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

Insiders bought $4M, sold $62M (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 14.3x more than bought. 3 C-suite officers among sellers

• Gangadharan Manjunath (VP, Chief Accounting Officer) sold 944 shares on 2025-08-27
• Gangadharan Manjunath (VP, Chief Accounting Officer) sold 966 shares on 2025-05-21
• Herrera Maurice (SVP - Chief Marketing Officer) sold 8,165 shares on 2024-09-11
• Gangadharan Manjunath (VP, Chief Accounting Officer) sold 944 shares on 2024-08-28
• Gangadharan Manjunath (VP, Chief Accounting Officer) sold 946 shares on 2024-05-22
• Herrera Maurice (SVP - Chief Marketing Officer) sold 4,200 shares on 2023-12-08
• Simpson Blake (SVP, Chief Comms Officer) sold 550 shares on 2023-12-06
• Gangadharan Manjunath (VP, Chief Accounting Officer) sold 1,418 shares on 2023-08-28
• Herrera Maurice (Chief Marketing Officer) sold 2,800 shares on 2022-12-15