AX Axos Financial, Inc.

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

Bought back stock in 4/4 quarters. Q3 2025: $1M, Q2 2025: $64M, Q1 2025: $18M, Q3 2024: $32M

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

Latest quarter $1M vs trailing avg $38M (-98%)

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

Buyback $115M / FCF $377M = 30% of FCF

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

Repurchased 3,567,051 shares = 25.3% of 56,483,617 outstanding (annualized)

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

2 open-market purchases by 1 insiders

• Wardell-Smith Sara () bought 3,000 shares at $64.73 on 2025-03-04
• Wardell-Smith Sara () bought 5,000 shares at $49.75 on 2024-03-15

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

Insider buying coincided with company buybacks in 1 of 4 quarters

• Q3 2025: Wardell-Smith Sara bought while company spent $1M

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

Insiders bought $0M, sold $30M (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 66.8x more than bought. 2 C-suite officers among sellers

• Walsh Derrick (EVP, Chief Financial Officer) sold 4,846 shares on 2026-02-06
• Garrabrants Gregory (President and CEO) sold 43,294 shares on 2026-02-04
• Garrabrants Gregory (President and CEO) sold 19,000 shares on 2024-11-06
• Garrabrants Gregory (President and CEO) sold 106,000 shares on 2024-11-06