AZTA Azenta, 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: $226M, Q2 2025: $74M, Q1 2025: $113M, Q3 2023: $172M

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

Latest quarter $226M vs trailing avg $120M (+89%)

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

Negative FCF ($-279M), cannot compute buyback ratio

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

Repurchased 7,700,000 shares = 67.2% of 45,858,979 outstanding (annualized)

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

9 open-market purchases by 8 insiders

• Lin Lawrence Y. (EVP, CFO and Treasurer) bought 2,500 shares at $27.96 on 2025-08-11
• Zhou Ginger (SVP and General Manager, Genom) bought 417 shares at $45.88 on 2025-01-31
• Marotta John (President and CEO) bought 1,250 shares at $40.67 on 2024-11-19
• Madaus Martin D () bought 4,940 shares at $40.77 on 2024-11-19
• Marotta John (President and CEO) bought 12,717 shares at $39.48 on 2024-11-18
• Cornog William L () bought 12,500 shares at $39.60 on 2024-11-18
• HIRSCH DIDIER () bought 1,000 shares at $39.50 on 2024-11-18
• Robertson Lindon G (EVP & Chief Financial Officer) bought 4,350 shares at $57.62 on 2022-08-19
• McManus Matthew (EVP & Chief Operating Officer) bought 8,625 shares at $58.15 on 2022-08-19

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 $2M, sold $24M (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 11.3x more than bought. 9 C-suite officers among sellers

• Marotta John (President and CEO) sold 316 shares on 2025-09-10
• Hughes Violetta (VP, Chief Accounting Officer) sold 317 shares on 2025-02-03
• Hughes Violetta (VP, Chief Accounting Officer) sold 163 shares on 2024-11-19
• Cueto Herman (EVP, Chief Financial Officer) sold 712 shares on 2024-11-19
• Cueto Herman (EVP, Chief Financial Officer) sold 1,595 shares on 2024-10-17
• Gray David C (Chief Strategy & New Business) sold 4,311 shares on 2023-08-10
• Gray David C (Chief Strategy & New Business) sold 10,877 shares on 2023-08-11
• Crowley Kimberly (SVP, Chief HR Officer) sold 132 shares on 2022-04-12
• De Jesus Linda (Chief Commercial Officer, LS) sold 191 shares on 2022-01-04
• Jarzynka David (President, Semi Solutions) sold 10,216 shares on 2021-11-19